Holding more inventory still remains unattractive as carrying costs continue to rise in North America. For example, stocking key components of a higher value that wouldn’t require a factory shutdown if supply runs out. Companies are looking at their supply chains, some of which span the entire globe, and realizing we need to keep a little more in stock,” Costello said. “Now that we’re getting a little bit of a breather, we are reassessing. Manufacturers, retailers, and businesses likely are looking at strengthening the process rather than departing from it. JIT is a hallmark of global manufacturing, starting in the auto industry in the 1970s and became widely adopted during the 1990s. The process may have its vulnerabilities, highlighted during the depths of the pandemic, but it’s still the most cost-efficient process for manufacturers. That’s not changing any time soon, Costello said. Consumers realized the benefits, and much of today’s manufacturing supply chain is modeled around product arriving precisely at the time and in the needed amount. The current JIT model drove costs out of the supply chain for a very long time. Many companies realized that one little hiccup in the supply chain and the whole thing will get thrown off.” Costello said. “Manufacturing across the board has been operating on some pretty lean inventories, and the pandemic exacerbated something that was percolating under the surface. Otherwise you can follow one of the guides below to use sample data.In season 1 of Cargo Shorts, a podcast brought to you by Old Dominion Freight Line, American Trucking Associations’ Chief Economist Bob Costello introduced a concept called “Just-In-Time Plus.” Manufacturers are adding some cushion to their inventory levels at all points in the supply chain to ensure safety stock, while maintaining the JIT model from which it has reaped benefits over the last two decades. If your streaming data resides in Confluent Cloud or publicly accessible Kafka or Pulsar, you can create sources in Timeplus to load them now. Create a readable name, such as the legal name for the organization or team name. The workspace ID is automatically created.Click Create a Workspace on the landing page.Usually a group of users in the same organization join the same workspace, to build one or more streaming analytics solutions. Every user can create up to 1 free workspace and join many workspaces. It usually takes less than 2 minutes to get the account setup and have the first workspace created.Ī workspace is the isolated storage and computing unit for you to run streaming data collection and analysis. Please choose a work email or Google/Microsoft account to sign up. Currently, Google or Microsoft Single Sign-On (SSO) are supported. Let's start by creating an account for Timeplus Cloud. The following section contains step-by-step instructions on how to easily get started with Timeplus Cloud. Timeplus Cloud provides the following major features: Timeplus is a high-performance converged platform that unifies streaming and historical data processing, to empower developers to build the most powerful and reliable streaming analytics applications, at speed and scale, anywhere.
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