This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
As part of the workshop, we are developing a list of Do’s and Don’ts related to Distributor Management. Do Set Clear KPIs and Governance Structures : Establish transparent metrics for sales, coverage, and service levels. Do Invest in Distributor Capability Building : Provide training, digital tools, and performance incentives.
Both companies provide packaging materials to the food manufacturing industry. Food manufacturers, over the course of the last decade, have pushed costs and waste backwards in the supply chain. billion company, manufactures glass containers with headquarters in the Midwest. It cannot be about singular metrics.
by John Westerveld Over the years, working for and with numerous manufacturing companies, I’ve seen many supply chain practices that cost companies money. Reason #9 Relentless pursuit of one supply chain metric at the expense of other metrics. CSCP consists of three workshops followed by an exam for certification.
Leadership workshops, financial literacy programs, and compliance courses can provide the skills new managers need to succeed. A formal mentorship program can help new managers navigate budgeting, compliance, and employee management with confidence. Invest in formal management training. Encourage engagement with industry associations.
It also requires detailed inventories of hazardous materials; To support developing countries, IMO has organized various workshops on ship recycling to raise awareness of the Convention internationally.
Apart from the supply chain, operations, procurement and IT teams, also consider sales operations, finance and more. Don’t be surprised if your whiteboarding session concludes with a hundred or more metrics and KPIs. Be sure to include people with perspective and a point of view to help you whittle down the priorities and themes.
Suppliers provide components for products you manufacture and sell. He spent his entire career in Purchasing and Procurement. At one point I was put in charge of a global manufacturing operations team. Within a few weeks of the workshop ideas and plans started coming in from suppliers. Looking Down on Suppliers.
If you’re a product developer, manufacturer, or part of an engineering team, you know the excitement, challenge, and profitability that come from transforming an idea into an actual product. Leveraging internal audits to align quality management with key business metrics When asked what are the benefits of conducting an internal audit?
An effective ERP manages day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. This provides a single source of truth and enables better coordination and communication across the supply chain. What are the Core Components of an ERP System?
In an increasingly challenging commerce space where order management capabilities form the backbone of a retailer’s fulfillment infrastructure, retailers, distributors, 3PL’s, and manufacturers are challenged by monolithic, legacy technology that no longer fits their needs. Value This metric sounds obvious but is often overlooked.
The commercial model of the company is to make money through speaking, research studies for others, facilitated workshops, benchmarking, training and events. I need a source of supply chain insights that is current.” We invest in research and give it away freely. People scratch their heads… We are mavericks.
In some cases, purely transactional suppliers in regional or out-sourced models may be placed below the level of “approved” in this model. All levels of the organization must be involved, from the procurement person responsible for the supplier up through the CEO, depending on the value of the supplier. All Aboard!
Duke Energy Sourcing Automation through AI: Sourcing Optimization through technology and artificial intelligence are becoming more readily available within the Supply Chain industry. This project is the e xtension of an executive workshop we ran last fall. MUFG Union Bank Strategic Performance Metrics.
It documents ideas for how certifiers can leverage blockchain technology to reduce audit inefficiency, create a single source of truth for chain of custody (CoC) tracking and support sustainability data reporting. Roundtable on Sustainable Biomaterials (RSB) and Provenance kick-off the two day workshop. Defining the hypotheses.
Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. “Users can easily now look at your global or regional supply situation and quickly source alternates when required, but the key here is to practice your response.
This implementation was a “white board / bootstrap” exercise; we totally designed and changed our processes to adopt much of the standard Oliver Wight methodologies and processes, which included extensive education and workshops to start, and then full implementation. Prior to this experience, I never heard of S&OP or Oliver Wight.
It includes all supply chain activities from manufacturing to delivery, helping businesses understand profitability at a granular level. SCM Supply Chain Management – The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.
Internal audits are vital for companies that manufacture consumer electronics, medical devices, biotechnology, and other industries that develop highly complex products. The latest analytics demonstrate that 81% of consumers say brand trust is a deciding factor when making a purchase. 1 Why do an internal audit?
By hosting on cloud servers, businesses can avoid the costs associated with purchasing and maintaining physical servers. Unified Data Source: With a centralized database, cloud ERP ensures that all employees are working with the same information, reducing discrepancies and enhancing overall data accuracy.
I also had the opportunity to speak at the GHX conference and facilitate a leadership workshop on the required changes for implantable devices. Here are some of the quotes from the workshop I led yesterday that helped me to better understand the industry: “A process born out of chaos is chaos. Medical Device Manufacturer.
” Corporations serve international markets, and the source of rare minerals (so critical for the evolution of the green supply chain) is primarily Asia. Others argue the demise of global sourcing; might I add caution? Still, the manufacturing plants and distribution centers are closed. My response is “Hogwash.”
Stakeholder relationships The food and beverage industry also relies on relationships across its stakeholder group – from producers and manufacturers to distributors and customers. Your marketing plan, which will likely draw on such a workshop, should then structure a strategy to take advantage of those opportunities.
For most companies, the traditional focus is on the management of order to cash, procure to pay and forecast to deliver processes. In this blog post, I will apply this methodology and discuss the potential redefinition of three digital processes: Digital Manufacturing, Digital Path-to-Purchase, and Digital Agriculture.
A lot of the legwork is done earlymaterial selection, product architecture, and manufacturing determine how easily an item can be reused. How to implement Define Metrics Early Establish what factors to measure and list down numerical goals for return rates, recovery efficiency, and lifecycle costs.
The traditional supply chain is inside-out, triggering processes on the back of order-to-cash and procure-to-pay financial processes. High-velocity or streaming data requires different architectures built on non-relational, cloud-based architectures using open source tools like Apache Spark. Let’s start by addressing the barriers.
In 2008, the company manufactured 2.5% PCA’s customers were larger food manufacturers. The manufacturerssourced the peanut butter primarily on cost. When I do workshops on driving data sharing across the industry, the sales group of the seller of products often calls me aside for a one-on-one talk.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content