In today's competitive global marketplace, manufacturers face a daunting challenge: ensuring production moves seamlessly within integrated supply chains while improving compliance and minimizing costs. To do so, plant managers need a complete view of operations, inventory and resource allocation - and that's exactly what business intelligence dashboards deliver.
Analyst Insight: The growth of e-commerce, the evolution of consumer expectations, and the globalization of e-commerce have resulted in many changes in the requirements of retail supply chains. These changes demand that retail supply chains handle more volume, quicker, and around the world. Supply chains are at a crossroads to either constrain an organization’s success or to enable the organization’s profitable growth. - Jim Tompkins, CEO, Tompkins International
Analyst Insight: The next defining opportunity for supply chain is in digital operations. The scope of digital operations is enormous, and it presents amazing opportunities. But failure - either from moving too fast or too slow - may lead to redundancy or, in extreme cases, extinction. Companies must clearly understand where they are today to drive change successfully and must move with purpose. If they cannot, they will be history. - Peter Anderson, Principal, Advisory, Ernst & Young LLP, & Chekyiu Ng, Senior Manager, Advisory, Ernst & Young LLP
For many major B2B enterprises, logistics networks have never been more complex. The increasing prevalence of operations that are global - with growing numbers of production sites and clients that could be anywhere on earth - has introduced challenges that didn't exist to the same degree at an earlier time. The good news is that there has also never before been a moment when there were more tools and more opportunities to optimize logistics costs than now.
The term "Web 2.0" refers to the current state of online technology as it compares to the early days of the Web, and is characterized by greater user interactivity and collaboration, more pervasive network connectivity and enhanced communication channels.
For years, companies have used digital supply chain technologies to improve service levels and reduce costs. But the inability to connect disparate systems, provide end-to-end visibility into the supply chain, and crunch massive amounts of data, among other issues, has prevented many companies from achieving the full potential of their supply chains.
Herlitz Inventory Management, a provider of tools for demand forecasting, replenishment and optimization, has partnered with Erredi Consulting to market its HIMPACT software in Italy and the Italian-speaking area of Switzerland.
Organizations are faced with many critical challenges - including rapidly changing technology, environmental risks, regulatory and legal requirements, major shifts in markets, ethical breaches, and big data and cybersecurity issues - that threaten their long-term success and sustainability.