Posted in Inventory Management on November 30, 2012
Reducing excess inventory should be a top corporate priority. Product proliferation is a huge drain on a company, and just installing software or dropping SKUs is not a good solution, advises an article on Supply & Demand Chain Executive. Good manufacturing inventory management can help permanently fix the SKU abundance in your supply chain.
Posted in Reporting, Analytics and Business Intelligence on November 29, 2012
With the explosion of social media, more companies are using analytics to find data insights, according to an article on SmartData Collective’s website. Analytics can predict future outcomes and best- and worst-case scenarios. Analytics will tell you what happened, what will happen next and what the best course of action is for certain scenarios.
Posted in Inventory Management on November 28, 2012
When you change your manufacturing procurement process, the biggest impact will be on your bottom line, right? Not so, according to a Spend Matters article — just ask your operations manager. Hiring a new supplier affects the core of the supply chain, from product supply to quality control and customer relationships.
Posted in Reporting, Analytics and Business Intelligence on November 27, 2012
Posted in Cloud ERP on November 26, 2012
Rolling out cloud-based manufacturing resource planning software that integrates with a company’s ERP system can reduce complexity and add value. Two-tier environments are good for a number of situations, like integrating smaller companies, working with suppliers and capturing regional data, according to a post on the Enterprise Irregulars website.
Posted in Operations Improvement on November 23, 2012
Procurement makes up to 60 percent of a company’s total costs, yet few focus on it, according to a Forbes.com article. To generate lasting savings, companies can: get more data, study how they buy, analyze inefficiencies, take on fragmented categories and re-examine suppliers’ input. Manufacturing resource planning software is a great resource.
Posted in Cloud ERP on November 22, 2012
Posted in Cloud ERP on November 21, 2012
Posted in Operations Improvement on November 20, 2012
What is the most most important quality in a business partner — value or price? Logistics Viewpoints shares the story of a manufacturing company that chooses their shippers through a transportation procurement strategy that takes value and service into account. The takeaway is to choose wisely because cheaper is not always better.
Posted in Reporting, Analytics and Business Intelligence on November 19, 2012