I am planning to attend this year’s Association for Operations Management (better known as APICS), conference in Toronto. To better understand the presenters who are going to be at the conference, I attended a webinar from APICS previewing what some speakers will present. I want to share with our readers the insight that was given to the audience of this particular webcast in terms of professional development. Read the rest of this entry »
I listened to a webinar organized by The Association for Operations Management (APICS) for their upcoming International Conference and Expo,which will be hosted in Toronto, Ontario (Canada) from October 4th to 6th 2009. This is the first webcast in the series, and its title really got my attention: “Time Management and Master Scheduling: Built from the Same Cloth.” The speaker for this webcast was Donald H. Sheldon, the president of DH Sheldon & Associates. He described in this particular webcast the importance of time management within master scheduling. Read the rest of this entry »
Even though we have made enormous advances in technology and business processes, many organizations and manufacturers still cannot perform basic warehouse operations without going into reactive mode. This is mainly due to a lack of proper or basic inventory record maintenance and accuracy.
Some organizations don’t measure inventory in an accurate manner, or they don’t even have such measurements in place. Organizations need to understand that there are multiple benefits associated with having proper inventory management processes in place—to provide not only excellent customer service, but also to help determine future purchases and what needs to be prioritized in the manufacturing plant; reduce operating costs; and provide accurate data for financial records. Read the rest of this entry »
TEC regularly works with companies to identify the right software vendors for their industry and particular needs. I’m going to provide you with information about ERP systems and how they relate to steel industry requirements (note: you can always consult our Vendor Showcase to find out more about specific software vendors). Read the rest of this entry »
To achieve success in today’s retail industry, retailers that are small to midsize businesses (SMBs) need to effectively meet their customers’ needs on time, with the right price, in the right quantity—and at the right place, with the right promotions. All of these things can be very overwhelming for a retailer. To get them, retailers require tools that support effective and precise operations. In this volatile global economy, every retailer is trying to beat the competition and win over the customer base. The winners in this race are the retailers that can provide customers the supreme (winning) combination of product, price, and customer service, and do it without affecting profitability. Read the rest of this entry »
Many CFOs, CTOs, supply chain managers, and logistics managers struggle to decide which supply chain management (SCM) software is best-suited to their organizational needs. It doesn’t help that there is an abundance (literally hundreds) of SCM solutions available on the market. Today, I’ll help you understand key SCM modules, and look at some key players with well established SCM solutions. Read the rest of this entry »
In a previous blog post, I discussed two approaches to bringing down the overall cost of your supply chain (by using either cost-cutting or -reducing methods). Another blog was about bringing cost down by using better or best inventory management processes and practices. As we have already discussed the methods, processes, and practices, let’s look now at some of the technological aspects of reducing cost.
The first question that comes to mind is: will supply chain software help reduce the cost of the supply chain? So the riddle is to have or not to have supply chain software within your organization…? Read the rest of this entry »
In my previous blog I discussed two approaches to bringing down your cost: cost cutting and cost reducing, with regards to the overall supply chain network. The most effective way of cost reduction in supply chain is through the collaborative effort of the whole organization. As discussed previously, the supply chain has various areas where cost reduction can be done, but for this blog, I want to focus on cost reduction with better or best inventory management processes and practices.Basically inventory can appear in a variety of forms, such as raw material, goods in process, and finished goods. Read the rest of this entry »
Yes all of us are well aware that the global economy is in a downturn. We hear it in the news, on blogs, in articles, and we see it around us with massive layoffs and lower consumer spending. So while we have heard all about these problems, what is the solution to fix these issues from an enterprise point of view? Read the rest of this entry »
The Green Philosophy
There has been so much hype about “green” that many organizations are adopting it, but what is “green”, really? We hear and see it everywhere—in the food we eat (green beans), during our morning routine (green contact lenses), on our way to work (green traffic lights), in our down time (green tea), and during the course of our work day (green initiatives). Green initiatives can be seen in every industry and every sector: from marketing to engineering, from infrastructure to architecture, from supply chain to technology, and more. Read the rest of this entry »
Yes, we know everyone had a great New Years party. We saw the ball drop from Big Apple, watched celebrations all over the globe, and optimistically made the same old New Year resolutions again. But what about the resolution for your industry and the global economy in general? What does the dawn of 2009 have for your industry? Let’s evaluate some of the events which will mold the fortune of many organizations in 2009. Read the rest of this entry »
As economic conditions worsen, organizations are stumbling on variety of customer demands ranging from superior services to lower costs. These extra requirements not only cause added strain on the organization’s supply chain, but makes achieving financial goals difficult. Read the rest of this entry »