Big data is real and it is costing you money. This is according to a recent report put out by Oracle breaking down some of the most pressing big data business challenges facing manufacturers today.
Quick - close your eyes and imagine the scariest thing you can think of. A pit of venomous snakes? An IRS audit? Glancing at the car next to you and realizing that Charlie Sheen is driving it? How about committing your company's resources and not knowing what the financial return is going to be? That is exactly what buyers and supply chain professionals have to do every day when they buy products and move them through their supply chains to customers.
A number of macro-economic developments, such as the expansion of the Panama Canal, are driving changes in supply chain design, says John Trestrail, supply chain solutions manager at LLamasoft. "Supply chain managers are trying to understand the impact of the canal's expansion on cargo flows, especially from Asia to the East Coast," he says.
A new wave of robots, far more adept than those now commonly used by automakers and other heavy manufacturers, are replacing workers around the world in both manufacturing and distribution. Such factories are a striking counterpoint to those used by Apple and other consumer electronics giants, which employ hundreds of thousands of low-skilled workers.
In the mid-2000s there was a beginning of public discussions and a surge in market awareness about support and maintenance (S&M) alternatives for users of enterprise applications. Companies in the market for enterprise software S&M services, like nearly every other market in the world, have responded to monopolistic-like pricing and profit margins by seeking choice. Enterprise software licensees now have a choice of annual support providers.
While computer hackers and data thieves are always improving, developing ever-more sophisticated ways to to breach corporate security systems, businesses have been falling behind in the measures they're taking to protect themselves, a recent PricewaterhouseCoopers report asserts. C-suite executives, the aren't taking enough personal responsibility for mitigating organizational risk due to mobile computing and employees using their personal devices at work.
China's retailers, already struggling because of an economic slowdown, got another jolt of bad news when Wal-Mart Stores announced recently it had finally received Chinese government approval for a proposal to buy a majority stake in Yihaodian, a Shanghai company that is a leader in the country's booming online retail industry.
Making the business case for an accounting or HR system is clear-cut: Avoid unnecessary costs, manage cash better, reduce risk and you're done. If you were to invest twice as much in one of those systems, you might increase business payoff by 20 percent, so you can find the optimization point for ROI in a single spreadsheet. But what about the customer relationship management system?