Archived Posts: March 2015
Technology Sourcing - Get The Most Out of Your Technology $$
If you are planning on attending a trade show or one of the many conferences featuring new technology, you will likely be overwhelmed with the multitude of options to address specific business requirements. These could include everything from document management and retrieval to assist in everyday activities to cyber security systems to protect your data and customers. The big question – How do you find the right technology for YOU?
Here are a few steps you can follow to make sure you find the best solution to meet your needs and get the most out of your technology dollar:
Projects - It's All About Priorities
Quick! What is the most valuable project you should be spending your time on? Does your company have a list of top priorities? Is this list shared between departments and beyond- to the whole organization? Is the same vision shared for what's truly important?
Often a few projects turn into many with demands that overlap and often conflict. New expectations and deadlines are set with projects falling thru the cracks. Tension mounts among team members creating anxiety and stress which affects concentration and communication.
Supply Chain - If It Were Only A Game
Have you ever played The Beer Game
? It is a supply chain management game developed by professors at MIT. What a frustrating, though hilarious, exercise this was for me as I played the game a few years ago. Like real life, the players are manufacturers, wholesalers and retailers who are each trying to manage supply and demand from their own perspective. And like real life, it is a wild ride that proves great costs for each of these players whether inventory levels are either over OR short.
Today, many technologies are involved in moving a product from supplier to end customers as each player of the supply chain tries to manage demand. The primary objective of a supply chain management solution is to fulfill customer demands through the most efficient use of data by forecasting future demand. The ability to manage the required days of supply means each player can significantly free up the working capital tied up in inventory on hand. If days of supply are on target, it also removes the risk for out-of-stocks which will in turn, improve sales.