SEVEN KEYS TO WIN- WIN VMI PARTNERSHIPS FOR AEROSPACE COMPANIES

Size: px
Start display at page:

Download "SEVEN KEYS TO WIN- WIN VMI PARTNERSHIPS FOR AEROSPACE COMPANIES"

Transcription

1 SEVEN KEYS TO WIN- WIN VMI PARTNERSHIPS FOR AEROSPACE COMPANIES Getting from push to pull using vendor-managed inventory. WHITE PAPER Andy Bergin / V4 / Apr 2012 Waer Systems Limited

2 Introduction Aerospace and defence companies know it is imperative that they become more responsive to customer demand across their entire range of products but cannot afford to stock tremendous amounts of inventory to ensure service levels. Transitioning from a 'push' supply chain methodology to a demand-driven 'pull' approach lets suppliers sense and respond to actual customer demand signals and gain continuous visibility to customer/market activity. In recent years, demand-driven supply networks have dramatically streamlined the amount of on-hand inventory, slashed delivery times, and boosted supply reliability for major aerospace manufacturers and suppliers, including Airbus, Schenker and others. The key to the pull approach is efficient implementation of vendor-managed inventory (VMI). VMI provides clear, unfiltered demand signals so that the right products are continually pulled into the right places at the right time, with continuous replenishment at the point of consumption. This white paper shows how to make this approach succeed in relation to the aerospace supply chain. 2

3 Seven Keys to Successful Vendor- Managed Inventory in the Aerospace Industry What is VMI? Vendor-managed inventory provides a streamlined approach to inventory management and order fulfilment, based on collaboration between suppliers and their customers (e.g. distributor, OEM, or product end user) linking the supplier directly to actual customer demand. Essentially, VMI is inventory that resides with the customer while still monitored and managed by the supplier. The customer consumes directly from stock held on site while the supplier has full visibility of the actual inventory levels. A special type of VMI is consignment inventory in which the customer holds vendor-owned inventory on-premises, and purchases stock only as it is consumed. We ll come back to this very powerful VMI option later in the paper. VMI changes the traditional order process. Instead of sending purchase orders, customers electronically send daily demand information to the supplier. The supplier generates replenishment orders for the customer based on this demand information. The process is guided by mutually agreed-upon objectives for the customer's inventory levels, fill rates, and transaction costs. Why VMI? VMI is an indispensable element in many companies demand-driven supply chain programs, and can be especially advantageous in the Aerospace industry, with its deep and complex bills of materials and proliferation of parts depots. Whether used in manufacturing, sub-contracting, or maintenance repair operations (MRO), vendor-managed inventory drives efficiencies while delivering significant benefits to cash flow and capital requirements. Consigning stock to the local warehouse reduces inventory risk and repetitive operational costs while smoothing out the whipsaw effect of uneven demand flow. Because ownership of the inventory stays with the vendor, production lines focus on their core missions, and businesses manage cash and capital better while still gaining benefit from supply chain management. 3

4 VMI aligns business objectives and streamlines supply chain operations for both suppliers and their customers. Getting the Most Out of Your VMI Partnership For customer and supplier, VMI is a rising tide that lifts both boats. The closer, more effective working relationship is a win-win, delivering many benefits as the partners work together to create demand visibility and share the information needed for smart planning. Here are some key points to keep uppermost in mind as you implement a profitable and mutually beneficial VMI relationship. Key #1: Regular Reviews Lock in Productivity Improvements One of the biggest opportunities for customer savings from VMI is the reduced cost of carrying inventory. VMI helps increase turns by reducing the need for safety stock. Conduct weekly reviews of demand and inventory information. This allows close monitoring of order point calculations. The supplier will be better able to control the lead time component of order point calculations, making them much more accurate Conduct daily comparisons of on-hand inventory to order points. This will ensure rapid replenishment ordering when stock falls below the order point. Make reviews and comparisons on a regular schedule, as close as possible to the weekly/daily frequencies recommended above. Key#2: Set a Tangible Goal for Reducing Administrative Costs VMI fundamentally reduces the cost of purchasing administration for the customer. Your goal should be to reallocate 50 per cent of buyer time to highervalue activities. Reduce the effort expended in maintaining purchasing information, reconciling invoices to purchase orders and other administrative tasks, by shifting more responsibility for replenishment to the supplier. With demand and inventory monitored more frequently and better order calculations, expect fewer rush orders, and fewer orders over all. Create a constant flow of information between customer and supplier using common data. For instance, if the supplier changes lead time, the next order should automatically reflect that. 4

5 Key #3: Profit from Favoured Partner Status VMI is one of the best tools available for building stronger supplier-customer relationships. Suppliers often favour VMI customers in times of scarce supply in order to meet agreed objectives. A typical supplier VMI planner manages fewer items than a typical customer buyer (who may deal with items from hundreds of suppliers), and so is also more likely to investigate and respond to unusual occurrences in demand or inventory. A regularly scheduled automatic process recognises the need to replenish and should result in minimal stock-outs and shortages, while improving fill rates. With full visibility to true demand along with better information about factors such as lead time, product launches, and packaging changes, the supplier can better manage order calculations. VMI can focus both parties on operational/p&l issues not just product & price. A good strategic supplier can show the customer things about themselves they didn't even know. And a good strategically-minded customer values business-driver benefits that go beyond reductions in operating costs. Key #4: (for distributors and retailers): Make VMI Part of Your Sales Strategy Review the product mix based on VMI s better demand visibility to improve your batting average in having the right product, in the right place, at the right time. Plan collaboratively with the supplier when introducing new products and to prepare for VMI Benefits Summary Reduced inventory Increased inventory turns Lower carrying costs Elimination of shortages Inventory availability to cover demand fluctuation Reduced risk of obsolescence Reduced freight costs Enhanced customer service levels Reduced administrative costs Increased sales (distributors, retail) Reduced write-offs Reduced procurement, materials management costs Increased productivity and profitability Greater focus on core competencies Shortened cash conversion cycle 5

6 exceptional demand cycles; take full advantage of special sales opportunities. For distributors and retailers VMI means fewer lost sales opportunities in the near term and improved customer loyalty over the long term. Key#5: Establish a Lower Order Count Mind-set A more consistent order process, where the supplier regularly evaluates the complete customer requirement, should lower the total order count by 4 6 per cent. Fewer orders results in downstream savings in warehouse pick time, transportation scheduling, accounts receivable, and invoice reconciliation. So even though the supplier takes responsibility for replenishment in the relationship, operating cost savings can easily offset the costs of implementing VMI. Expect to see a drop in emergency/expedited orders; monitor the change in ordering habits to verify an improvement. Also, improved collaboration on product replacements, etc. should result in fewer returns of 'dead' inventory while transportation costs may drop due to consolidation opportunities. Key #6: Focus on Strategic-Level Cost Savings Strategic cost savings are a big benefit of placing a substantial portion of business for particular items or item groups under VMI. Create a common perception among all stakeholders that VMI will effect reductions in finished goods inventory through more efficient response to demand variation, improved forecast accuracy, and a better An Example of Vendor-Managed Inventory in Action Schenker Schenker provides transport and logistics solutions spanning 1,100 strategic points around the globe, including a solution that manages local stockholding of critical parts for airlines, requiring minimal customer infrastructure investment. Schenker needed to extend its existing value proposition to OEMs, but its existing ERP could not provide internet-based VMI capabilities. WAERlinx, provides Schenker an on-demand, software-as-a-service (SaaS) system that provides complete supply chain visibility for OEM customers. Schenker has implemented WAERlinx at London Heathrow Airport (LHR), Singapore Airport, and Charles De Gaulle Airport as well as at warehouses around the world, including Dubai and Beijing. Using WAERlinx, Schenker provides customers realtime inventory visibility; a single view identifies stock owned by them in any warehouse across the globe, including both serviceable and unserviceable parts. 6

7 information base for Sales & Operations Planning (S&OP). The normal supply chain processes will run with minimal bullwhip effect due to the frequent alignment of orders with actual demand. New product introductions will incur less risk when customer and supplier share immediate visibility to actual demand during the early post-launch phase. Exceptional demand will be handled better due to early-and-often communication about upcoming special project work, promotions, etc. ( levelled production planning). Key #7: Exploit the Power of Consignment To truly maximise the VMI benefit, seriously consider the consignment model, where the supplier retains ownership of inventory held at the customer s location, with the customer purchasing inventory as it is consumed. While at first glance the consignment model may seem to burden the supplier, it is really the essence of win-win VMI. Consignment frees up a very significant amount of working capital for the customer, while the supplier retains complete control over replenishment and is unencumbered by a traditional order cycle. The intimate supply chain connection cements most-favoured status for the supplier while providing visibility and predictability. For the customer, it ensures optimum inventory performance at almost zero management burden and minimal operating costs. It s good strategically, tactically, and financially for both parties: a classic win-win arrangement. Summing Up the Win-Win Approach to Aerospace VMI Transforming from a push supply chain to a pull approach creates the opportunity for Aerospace manufacturers and suppliers to dramatically streamline their operations and create stronger, mutually beneficial relationships with long-term advantages. By establishing direct vendor access to the demand signal, VMI provides more responsiveness and efficiency without requiring tremendous amounts of inventory to ensure service levels. The right products are continually pulled into the right places at the right time with continuous replenishment at the point of consumption. Key success factors for VMI include regular demand/inventory level reviews, tangible cost reduction goals, favoured partner status, lowering the total order count, bringing stakeholders together around a strategic vision, and understanding where VMI can create an increase in sales volume. Most 7

8 importantly of all, always consider the long-term synergies of the consignment VMI model as the maximum win-win option. For more information on how to implement a powerful and practical VMI methodology across a global network of suppliers, OEMs, distributors, and others, learn about the easy-to-implement, web-based solutions available from Waer Systems. 8

9 Waer Systems specialises in the design, development and implementation of flexible software solutions for organisations with complex supply chain and reporting needs. The company was established in 2000, initially to meet the need for improved supply chain execution and warehouse management within the global aerospace industry. Today, our innovative, elegant solutions deliver increased process efficiency, optimised parts/asset management and realtime information flow to market leaders in a range of sectors. Waer Systems Limited Eight The Quadrant Marlborough Road Lancing, West Sussex BN15 8UF UK Tel: +44 (0) Fax: +44 (0) Waer Systems France Bureau de Toulouse - SBAC 5 Avenue Albert Durand Aéroport Bâtiment Blagnac, Toulouse France Tel:

ESTIMATING THE FINANCIAL BENEFITS OF VENDOR MANAGED INVENTORY (VMI)

ESTIMATING THE FINANCIAL BENEFITS OF VENDOR MANAGED INVENTORY (VMI) ESTIMATING THE FINANCIAL BENEFITS OF VENDOR MANAGED INVENTORY (VMI) How to quantify the savings delivered by a vendor managed inventory programme. WHITE PAPER David Snelson / V4 / Jul 2012 Waer Systems

More information

The Training Material on Supply Chain Collaboration & Logistics Solutions has been produced under Project Sustainable Human Resource Development in

The Training Material on Supply Chain Collaboration & Logistics Solutions has been produced under Project Sustainable Human Resource Development in The Training Material on Supply Chain Collaboration & Logistics Solutions has been produced under Project Sustainable Human Resource Development in Logistic Services for ASEAN Member States with the support

More information

THE ROI FROM SOFTWARE-AS-A- SERVICE (SAAS)

THE ROI FROM SOFTWARE-AS-A- SERVICE (SAAS) THE ROI FROM SOFTWARE-AS-A- SERVICE (SAAS) How Cloud-based solutions can provide significant ROI. REPORT David Snelson / V3 / Nov 2011 Waer Systems Limited 2013 1 AN OVERVIEW Software-as-a-Service, or

More information

COORDINATION IN THE SUPPLY CHAIN: VENDOR MANAGED INVENTORY IS THE WAY TO GO

COORDINATION IN THE SUPPLY CHAIN: VENDOR MANAGED INVENTORY IS THE WAY TO GO www.sjm.tf.bor.ac.yu Serbian Journal of Management 1 (1) (2006) 41-47 Serbian Journal of Management COORDINATION IN THE SUPPLY CHAIN: VENDOR MANAGED INVENTORY IS THE WAY TO GO R. Piplani * Center for Supply

More information

Supply Chain Performance: The Supplier s Role

Supply Chain Performance: The Supplier s Role Supply Chain Performance: The Supplier s Role March 2005 Industry Directions Inc. www.industrydirections.com Companies of all sizes are realizing that they no longer have complete control over their market

More information

Find the Right Partner: Selecting a VMI Provider

Find the Right Partner: Selecting a VMI Provider Find the Right Partner: Selecting a VMI Provider By: Christina Woodall Assistant Media Manager Austin Hardware & Supply, Inc. Executive Summary In your business, you have a multitude of buy-sell relationships.

More information

Six Key Trends Changing Supply Chain Management Today. Choosing the optimal strategy for your business

Six Key Trends Changing Supply Chain Management Today. Choosing the optimal strategy for your business A Knowledge-Driven Consulting White Paper 2009 Corporation Six Key Trends Changing Supply Chain Management Today Choosing the optimal strategy for your business Contents Demand Planning.........................................

More information

Effective Replenishment Parameters By Jon Schreibfeder

Effective Replenishment Parameters By Jon Schreibfeder WINNING STRATEGIES FOR THE DISTRIBUTION INDUSTRY Effective Replenishment Parameters By Jon Schreibfeder >> Compliments of Microsoft Business Solutions Effective Replenishment Parameters By Jon Schreibfeder

More information

IMPROVING EFFICIENCY IN THE TELECOMMUNICATIONS SUPPLY CHAIN

IMPROVING EFFICIENCY IN THE TELECOMMUNICATIONS SUPPLY CHAIN Industry Solution Brief IMPROVING EFFICIENCY IN THE TELECOMMUNICATIONS SUPPLY CHAIN Achieving profitability within the telecommunications industry is more difficult than ever. Voice revenues continue to

More information

Supply Chain Alignment Assessment: A Road Map

Supply Chain Alignment Assessment: A Road Map Supply Chain Alignment Assessment: A Road Map By Will Scott waersystems.com info@waersystems.com Supply Chain Alignment Assessment: A Road Map Table of Contents PAGE Part I Supply Chain: A Definition 1

More information

VENDOR MANAGED INVENTORY: A WIN-WIN PROPOSITION. An E2open White Paper. Contents. White Paper

VENDOR MANAGED INVENTORY: A WIN-WIN PROPOSITION. An E2open White Paper. Contents. White Paper White Paper VENDOR MANAGED INVENTORY: A WIN-WIN PROPOSITION An E2open White Paper 2 2 5 5 Contents Executive Summary VMI: The Quick and Dirty How Do I Know if I Need VMI? VMI Checklist: What Does It Take

More information

Plan forecast optimise

Plan forecast optimise Plan forecast optimise Don t Forecast the future, CONTROL IT Reflex Business Forecasting breaks new ground. This is sales forecasting software with unique features that allow you to create real value for

More information

Supporting the Perfect Order: Collaborative S&OP and VMI

Supporting the Perfect Order: Collaborative S&OP and VMI Supporting the Perfect Order: Collaborative S&OP and VMI October 30, 2012 Frankfurt, Germany Gary Neights Director, Product Management The Multi-Echelon Supply Chain Plan Your Supplier s Suppliers Your

More information

Strategic Sourcing & Procurement Excellence

Strategic Sourcing & Procurement Excellence Strategic Sourcing & Procurement Excellence Mastering sustainable procurement strategies to generate significant value for your organisation through effective cost reduction and increased efficiency Singapore,

More information

Supply Chain Acceleration: Our Offering for Enabling Growth

Supply Chain Acceleration: Our Offering for Enabling Growth Supply Chain Acceleration: Our Offering for Enabling Growth Supply Chain Acceleration Services Supply Chain Acceleration (SCA) brings together 30 years of supply chain knowledge and domain expertise, that

More information

Electronics Components Manufacturing: The Path to Excellence

Electronics Components Manufacturing: The Path to Excellence Electronics Components Manufacturing: case study The Path to Excellence Successful electronics manufacturers design their supply chains around their key stakeholders specifically, customers, suppliers

More information

The Global Supply Chain Goes Collaborative

The Global Supply Chain Goes Collaborative WIPRO CONSULTING SERVICES The Global Supply Chain Goes Collaborative www.wipro.com/consulting The Global Supply Chain Goes Collaborative By Sebastian Ennulat In today s era of high customer expectations,

More information

Vendor Managed Inventory Strategies

Vendor Managed Inventory Strategies Vendor Managed Inventory Strategies Summary Results 2015 Program Overview Between February and March of 2015, Gatepoint Research invited selected supply chain, logistics and operations executives to participate

More information

Meeting the Challenges of Supply Chain Management

Meeting the Challenges of Supply Chain Management Meeting the Challenges of Supply Chain Management Brand owners require innovative product configuration strategies to optimize supply chain effectiveness By John R. Kenney, Jr., ModusLink Corporation Price

More information

Five Tips to Achieve a Lean Manufacturing Business

Five Tips to Achieve a Lean Manufacturing Business Five Tips to Achieve a Lean Manufacturing Business Executive Overview Introduction The more successful manufacturers today are those with the ability to meet customer delivery schedules while maintaining

More information

Lean Procurement: The Future of Supply Chain Management in a Demand-Driven World

Lean Procurement: The Future of Supply Chain Management in a Demand-Driven World Lean Procurement: The Future of Supply Chain Management in a Demand-Driven World An Oracle White Paper Written in Collaboration with CSS International, Inc. June 2006 Lean Procurement: The Future of Supply

More information

RETAIL INDUSTRY INSIGHTS. Maximising Inventory Efficiency

RETAIL INDUSTRY INSIGHTS. Maximising Inventory Efficiency RETAIL INDUSTRY INSIGHTS Maximising Inventory Efficiency Retail Operational Excellence There is nothing like a recession to focus the mind on releasing cash by reducing inventory. Kurt Salmon analysis

More information

6 Ways to Boost Your Inventory Management System Performance

6 Ways to Boost Your Inventory Management System Performance 6 Ways to Boost Your Inventory Management System Performance This white paper explains how adding advanced inventory optimization software onto existing legacy management systems can increase operational

More information

CSCMP Level One : Cornerstones of Supply Chain Management. Learning Blocks

CSCMP Level One : Cornerstones of Supply Chain Management. Learning Blocks CSCMP Level One : Cornerstones of Supply Chain Management Learning Blocks Level one training will consist of eight learning blocks: 1. Supply Chain Concepts 2. Demand Planning 3. Procurement and Supply

More information

Supply chain & procurement Consulting Services

Supply chain & procurement Consulting Services www.pwc.ie/consulting Supply chain & procurement Consulting Services Realising value within and across the supply chain 1 Our Client Challenges Strategy What are my supply chain objectives service level

More information

Sage 300 Distribution

Sage 300 Distribution Sage 300 Distribution Win new markets, satisfy your customers, deliver high-quality products and services and steer your business in the right direction with Sage 300 Distribution! In this ever increasing

More information

Unlock MRO Value. Optimize Spares Inventories Using Analytics. An Oniqua Executive Brief

Unlock MRO Value. Optimize Spares Inventories Using Analytics. An Oniqua Executive Brief Unlock MRO Value Optimize Spares Inventories Using Analytics An Oniqua Executive Brief EXECUTIVE SUMMARY Unlock MRO Value Optimize Spares Inventories Using Analytics SITUATION: Quantifying business value

More information

Services. Through Life Spares.

Services. Through Life Spares. Services Through Life Spares. STAG Group Services STAG Group s core competence is aircraft parts management; being flexible and adapted to individual customer requirements. STAG Group further provides

More information

Considerations. Change your viewpoint. Understand and pursue The Primary Metrics

Considerations. Change your viewpoint. Understand and pursue The Primary Metrics Considerations Change your viewpoint o After response time compression in your manufacturing/operating platform o You re no longer a manufacturing company that happens to manage inventory..you re an inventory

More information

WHITE PAPER. Reducing Inventories and Cost of Operations While Improving Customer Support

WHITE PAPER. Reducing Inventories and Cost of Operations While Improving Customer Support WHITE PAPER Reducing Inventories and Cost of Operations While Improving Customer Support Applied Industrial Technologies Corporate Headquarters 1 Applied Plaza «Cleveland, OH 44115 216-426-4000 www.applied.com

More information

Holistic Supply Chain Management A Focused Approach to Supply Chain Management through the Lens of Working Capital Management

Holistic Supply Chain Management A Focused Approach to Supply Chain Management through the Lens of Working Capital Management Holistic Supply Chain Management A Focused Approach to Supply Chain Management through the Lens of Working Capital Management A GT Nexus White Paper Executive Summary There is a renewal of interest in

More information

See your business in a new way.

See your business in a new way. Operations and Distribution Management Brochure See your business in a new way. Realize the future of your business today. See your business in a new way. Realize the future of your business today. Distribution

More information

Four distribution strategies for extending ERP to boost business performance

Four distribution strategies for extending ERP to boost business performance Infor ERP Four distribution strategies for extending ERP to boost business performance How to evaluate your best options to fit today s market pressures Table of contents Executive summary... 3 Distribution

More information

Strategies for optimizing your inventory management

Strategies for optimizing your inventory management Part of the Deloitte working capital series Make your working capital work for you Strategies for optimizing your inventory management The Deloitte working capital series Strategies for optimizing your

More information

White Paper February 2009. IBM Cognos Supply Chain Analytics

White Paper February 2009. IBM Cognos Supply Chain Analytics White Paper February 2009 IBM Cognos Supply Chain Analytics 2 Contents 5 Business problems Perform cross-functional analysis of key supply chain processes 5 Business drivers Supplier Relationship Management

More information

Supply Chain Leaders Understanding and Improving Supply Chain Performance Where It Counts

Supply Chain Leaders Understanding and Improving Supply Chain Performance Where It Counts Leaders Understanding and Improving Performance Where It Counts What is the Leaders Programme? Leaders is an action-oriented, practical programme which identifies the most vital supply chain improvements

More information

Supply Chain Management and Value Creation

Supply Chain Management and Value Creation Supply Chain Management and Value Creation YAN Xi 1, KANG Canhua 2 School of Economics, Wuhan University of Technology, Wuhan 430070, China 1. cassie_yan@163.com, 2.kchhua@whut.edu.cn Abstract: In recent

More information

Supply Chain development - a cornerstone for business success

Supply Chain development - a cornerstone for business success Supply Chain development - a cornerstone for business success Agenda 1. Supply chain considerations 2. Benefits of a developed SCM strategy 3. Competitive advantage by using a LSP 4. CRM/SCM key to business

More information

You manage your business. We manage your electronic supply chain. DB SCHENKERelectronics

You manage your business. We manage your electronic supply chain. DB SCHENKERelectronics You manage your business. We manage your electronic supply chain. DB SCHENKERelectronics Our core business: The supply chain side of your business. At DB Schenker, we have a very simple understanding of

More information

Effective Replenishment Parameters. By Jon Schreibfeder EIM. Effective Inventory Management, Inc.

Effective Replenishment Parameters. By Jon Schreibfeder EIM. Effective Inventory Management, Inc. Effective Replenishment Parameters By Jon Schreibfeder EIM Effective Inventory Management, Inc. This report is the fourth in a series of white papers designed to help forward-thinking distributors increase

More information

Delivering Transport Software Solutions

Delivering Transport Software Solutions I F S S M A R T F R E I G H T About IFS SmartFreight Interactive Freight Systems (IFS) first made its name in Australia in the mid 1990 s for the provision of a generic multi-carrier transport management

More information

Business Challenges. Customer retention and new customer acquisition (customer relationship management)

Business Challenges. Customer retention and new customer acquisition (customer relationship management) Align and Optimize Workflows with Lean Dan Marino Marino Associates, LLC Strategic and tactical planning Information systems integration Customer retention and new customer acquisition (customer relationship

More information

Reduce your markdowns. 7 ways to maintain your margins by aligning supply and demand

Reduce your markdowns. 7 ways to maintain your margins by aligning supply and demand Reduce your markdowns 7 ways to maintain your margins by aligning supply and demand On average, On average, Step off the high-volume, low-price treadmill Browse through any online store or shopping mall

More information

Kuehne + Nagel Investor Day. April 27, 2007 Otto Schacht Senior Vice President, Global Seafreight Kuehne + Nagel International AG

Kuehne + Nagel Investor Day. April 27, 2007 Otto Schacht Senior Vice President, Global Seafreight Kuehne + Nagel International AG April 27, 2007 Otto Schacht Senior Vice President, Global Seafreight Kuehne + Nagel International AG Agenda Market trends / challenges Customer and Kuehne + Nagel IT solutions Customers initiatives 27/4/07

More information

mro : indirect supply

mro : indirect supply mro : indirect supply driving new efficiencies in the indirect supply chain Procurement & logistics strategies for maintenance, repair and operations (MRO) supplies A White Paper from the Americas Leader

More information

MSD Supply Chain Programme Strategy Workshop

MSD Supply Chain Programme Strategy Workshop MSD Supply Chain Programme Strategy Workshop Day 2 APPENDIX Accenture Development Partnerships Benchmarking MSD s Current Operating Supply Chain Capability 1.0 Planning 2.0 Procurement 3.0 Delivery 4.0

More information

Best-Run Dealer Business Management

Best-Run Dealer Business Management Solution in Detail Automotive Executive Summary Contact Us Best-Run Dealer Business Next Generation of Retail Auto Dealers Auto Retail Transformation Customer Centricity Today s auto dealers consistently

More information

Operations Management. 3.3 Justify the need for Operational Planning and Control in a selected Production Process

Operations Management. 3.3 Justify the need for Operational Planning and Control in a selected Production Process Operations Management 3.3 Justify the need for Operational Planning and Control in a selected Production Process Key Topics LO3 Understand how to organise a typical production process 3.3 justify the need

More information

Supply Chain Optimization & Efficiency: Looking at what other Industries do to enable Cost Reduction

Supply Chain Optimization & Efficiency: Looking at what other Industries do to enable Cost Reduction Replace with image Supply Chain Optimization & Efficiency: Looking at what other Industries do to enable Cost Reduction MRO Asia, Singapore Expo Convention Centre Date: 30 th October 2013 Today s Panel

More information

GXS Active. Orders. Optimising the Procure-to-Pay Process. Order Planning and Execution. Order Lifecycle Management. www.gxs.co.uk

GXS Active. Orders. Optimising the Procure-to-Pay Process. Order Planning and Execution. Order Lifecycle Management. www.gxs.co.uk www.gxs.co.uk SM GXS Active Orders Optimising the Procure-to-Pay Process GXS Active Orders automates the procure-to-pay process for companies interacting with a global and diverse supplier community. Active

More information

Critical Success Factors for Consumer Electronics & Appliances Companies to Meet Today s Top 3 Issues

Critical Success Factors for Consumer Electronics & Appliances Companies to Meet Today s Top 3 Issues Critical Success Factors for Consumer Electronics & Appliances Companies to Meet Today s Top 3 Issues Prepared exclusively for Sage Software by Industry Directions, Inc. www.industrydirections.com Table

More information

Oliver Wight Sales & Operations Planning and Demand Management as a Competitive Differentiator

Oliver Wight Sales & Operations Planning and Demand Management as a Competitive Differentiator Oliver Wight Sales & Operations and Demand Management as a Competitive Differentiator James Small Oliver Wight 1 Business Drivers and Benefits of Integrated Business (S&OP) % Respondents -- Business Drivers

More information

Supply & Demand Management

Supply & Demand Management Supply & Demand Management Planning and Executing Across the Entire Supply Chain Strategic Planning Demand Management Replenishment/Order Optimization Collaboration/ Reporting & Analytics Network Optimization

More information

Creating and Embedding a Customer Driven Supply Chain

Creating and Embedding a Customer Driven Supply Chain To get there. Together. Creating and Embedding a Customer Driven Supply Chain Point of view Contents Creating and Embedding a Customer Driven Supply Chain 3 How to Embed a Customer Driven Supply Chain

More information

Endeavour Dynamics Offering

Endeavour Dynamics Offering Endeavour Dynamics Offering Microsoft Dynamics AX 2012 is recognised as a global leading ERP system that supports a single instance strategy for medium to large enterprise companies. Endeavour is proud

More information

Delivering Transport Software Solutions

Delivering Transport Software Solutions I F S S M A R T F R E I G H T About IFS SmartFreight Interactive Freight Systems (IFS) first made its name in Australia in the mid 1990 s for the provision of a generic multi-carrier transport management

More information

Hiraina Tangiora Lincoln University New Zealand PMA ANZ Career Pathways Program Essay: Supply Chains Modern Wholesaler Supply Chains and Vertical

Hiraina Tangiora Lincoln University New Zealand PMA ANZ Career Pathways Program Essay: Supply Chains Modern Wholesaler Supply Chains and Vertical Hiraina Tangiora Lincoln University New Zealand PMA ANZ Career Pathways Program Essay: Supply Chains Modern Wholesaler Supply Chains and Vertical Integration Friday, 5 June 2015 Table of Contents Executive

More information

The Training Material on Supply Chain Collaboration & Logistics Solutions has been produced under Project Sustainable Human Resource Development in

The Training Material on Supply Chain Collaboration & Logistics Solutions has been produced under Project Sustainable Human Resource Development in The Training Material on Supply Chain Collaboration & Logistics Solutions has been produced under Project Sustainable Human Resource Development in Logistic Services for ASEAN Member States with the support

More information

Chapter 9 Managing Inventory in the Supply Chain

Chapter 9 Managing Inventory in the Supply Chain Chapter 9 Managing Inventory in the Supply Chain Inventory is an asset on the balance sheet and inventory cost is an expense on the income statement. Inventories impacts return on asset (ROA) Inventory

More information

Take Time and Cost Out of Your Inventory and Supply Chain - Exploit the Constraints of Forecasting!

Take Time and Cost Out of Your Inventory and Supply Chain - Exploit the Constraints of Forecasting! Take Time and Cost Out of Your Inventory and Supply Chain - Exploit the Constraints of Forecasting! A Thought-Leadership Whitepaper from MCA Associates By Howard W. Coleman, Principal Introduction: Do

More information

Integrated Sales and Operations Business Planning for Chemicals

Integrated Sales and Operations Business Planning for Chemicals Solution in Detail Chemicals Executive Summary Contact Us Integrated Sales and Operations Business Planning for Chemicals Navigating Business Volatility Navigating Volatility Anticipating Change Optimizing

More information

Sage 300 ERP 2014 Get more done.

Sage 300 ERP 2014 Get more done. Sage 300 ERP 2014 Get more done. Get more done by connecting your business, providing a better customer experience, and increasing revenue. New web and mobile functionality: driving better customer experiences

More information

The business case for agile supply chains

The business case for agile supply chains The business case for agile supply chains Differentiate, Innovate, Perform From cost reduction to improved responsiveness, introducing agility into your supply chain can deliver measurable financial and

More information

RESEARCH NOTE NETSUITE S IMPACT ON MANUFACTURING COMPANY PERFORMANCE

RESEARCH NOTE NETSUITE S IMPACT ON MANUFACTURING COMPANY PERFORMANCE Document K59 RESEARCH NOTE NETSUITE S IMPACT ON MANUFACTURING COMPANY PERFORMANCE THE BOTTOM LINE When Nucleus analysts investigated the use of NetSuite by manufacturers, they found these companies were

More information

SUPPLY CHAIN MANAGEMENT

SUPPLY CHAIN MANAGEMENT Phone:Contact Us Email: enquiries@pdtraining.co.za SUPPLY CHAIN MANAGEMENT Generate a group quote today or register now for the next public course date COURSE LENGTH: 1.0 DAYS Supply Chain Management requires

More information

Supply Chain Now. JDA Software helps midsized companies increase profits and cash flow to fuel growth

Supply Chain Now. JDA Software helps midsized companies increase profits and cash flow to fuel growth Supply Chain Now A supply chain management solution that delivers accelerated ROI with reduced risk in as fast as four months. JDA Software helps midsized companies increase profits and cash flow to fuel

More information

Vehicle Sales Management

Vehicle Sales Management Solution in Detail Automotive Executive Summary Contact Us Vehicle Sales Optimizing Your Wholesale Business Efficient Sales Collaborative Operation Faced with declining margins, automotive sales organizations

More information

The Network Approach to Inventory Management

The Network Approach to Inventory Management The Network Approach to Inventory Management Getting Accurate Inventory Information Across the Entire Supply Chain Stream Creates Healthy Companies A GT Nexus White Paper The Inventory Challenge The problem

More information

Visibility in the Supply Chain

Visibility in the Supply Chain Visibility in the Supply Chain Presenters Andrew Lam Vice President of Global Planning has been with the company for fourteen years working in multiple areas of the supply chain ranging from procurement,

More information

BREAKING THE SUPPLY CHAIN BARRIER. Joshua Greenbaum Principal, Enterprise Applications Consulting. White Paper

BREAKING THE SUPPLY CHAIN BARRIER. Joshua Greenbaum Principal, Enterprise Applications Consulting. White Paper White Paper BREAKING THE SUPPLY CHAIN BARRIER Joshua Greenbaum Principal, Enterprise Applications Consulting e2open.com White Paper: Breaking the Supply Chain Barrier A Changing Business Climate The changing

More information

The Business Value of a Complete Front Office and Back Office Process and Technology

The Business Value of a Complete Front Office and Back Office Process and Technology The Business Value of a Complete Front Office and Back Office Process and Technology WHITE PAPER NEW ECONOMIC REALITIES One of the most complex management challenges found in any enterprise today is managing

More information

aircraft spare part and inventory management...

aircraft spare part and inventory management... aircraft spare part and inventory management......engines, avionics and rotable parts supply Inventory management to keep your aircraft in Global Fleet Management offer fast access to the parts you need

More information

Strategies for optimizing your cash management

Strategies for optimizing your cash management Part of the Deloitte working capital series Make your working capital work for you Strategies for optimizing your cash management The Deloitte working capital series Strategies for optimizing your accounts

More information

For Improved Efficiency, look at the supply Chain and Outsourcing Management

For Improved Efficiency, look at the supply Chain and Outsourcing Management For Improved Efficiency, look at the supply Chain and Outsourcing Management SESSION 6 : ALTERNATIVE FOR APPROPRIATE HEALTHCARE MANAGEMENT Maurice Rizkallah Certified Supply Chain Professional APICS On

More information

Designing a Lean-Based Supply Chain Using Demand Pull

Designing a Lean-Based Supply Chain Using Demand Pull WIPRO CONSULTING SERVICES Designing a Lean-Based Supply Chain Using Demand Pull www.wipro.com/consulting As covered by Designing a Lean-Based Supply Chain Using Demand Pull By Manoj Nanda Lean philosophy

More information

Critical building blocks for collaboration and growth in the global aerospace supply chain

Critical building blocks for collaboration and growth in the global aerospace supply chain Critical building blocks for collaboration and growth in the global aerospace supply chain Jim Walters, Commercial Director Who are we? DNA Group provides Global Supply Chain Development Supply Chain Development

More information

السلام علیكم ورحمة الله وبركاتھ. Copyright 2012. Infor. All Rights Reserved. www.infor.com

السلام علیكم ورحمة الله وبركاتھ. Copyright 2012. Infor. All Rights Reserved. www.infor.com السلام علیكم ورحمة الله وبركاتھ 1 Infor In-Person: Infor LN Roadshow Jeddah, Riyadh, Al Khobar 28th, 29th, 30 th April 2013 2 Thank you to our sponsors 3 Agenda 09.30 10.15 Infor LN 10.15 11.00 Infor ION

More information

www.pwc.com Leveraging your inventory assets

www.pwc.com Leveraging your inventory assets www.pwc.com Leveraging your inventory assets January 2013 Leveraging your inventory assets Using inventory as both a service enabler and a cost reduction opportunity The pressure on utilities, from both

More information

7 Steps to Guide Your Field Service Technology Purchase

7 Steps to Guide Your Field Service Technology Purchase BUY ER S G UID E 7 Steps to Guide Your Field Service Technology Purchase Field service leaders across industries are looking for ways to modernize and streamline their service organizations. With increasingly

More information

Scope of Supply Chain Management (SCM)

Scope of Supply Chain Management (SCM) Scope of Supply Chain Management (SCM) Session Speaker Prof. P.S.satish 1 Session Objectives To understand the scope of Supply Chain Management To compare different activities of Supply Chain Management

More information

7 Deadly Sins. A publication of:

7 Deadly Sins. A publication of: 7 Deadly Sins A publication of: TABLE OF CONTENTS Intro 3 Sin # 1 : Transport and Handling 4 Sin # 2 : Inventory 7 Sin # 3 : Movement 9 Sin # 4 : Waiting Time 11 Sin # 5 : Overproduction 13 Sin # 6 : Over-processing

More information

Specialised software For the Apparel & Footwear Industry

Specialised software For the Apparel & Footwear Industry Specialised software For the Apparel & Footwear Industry SAP Business One Apparel and Footwear is an end-to-end, single, integrated and affordable ERP software solution for businesses whose core focus

More information

Supply Chain Optimization

Supply Chain Optimization White Paper Supply Chain Optimization Maintenance Repair and Operations (MRO) supply chain, when given serious consideration at all, is frequently seen as a challenge a high-cost, but necessary evil to

More information

Chapter 13. Working Capital Management

Chapter 13. Working Capital Management Chapter 13 Working Capital Management Learning Objectives 1. Model the cash conversion cycle and explain its components. 2. Understand why the timing of accounts receivable is important and explain the

More information

ATC Aerospace Services Portfolio

ATC Aerospace Services Portfolio 2013 Aerospace Services Portfolio 1 Aerospace Services Portfolio Aerospace: We provide customized comprehensive supply chain management programs to OEMs, system integrators, and prime contractors. Some

More information

sponsored by White paper What can CRM bring to your business? A study of the benefits offered by CRM across all areas of the business

sponsored by White paper What can CRM bring to your business? A study of the benefits offered by CRM across all areas of the business sponsored by >> White paper What can CRM bring to your business? April 2011 A study of the benefits offered by CRM across all areas of the business Contents Executive summary p 3 The evolution of CRM p

More information

How to Overcome 3 Common Inventory Replenishmemt Challenges

How to Overcome 3 Common Inventory Replenishmemt Challenges How to Overcome 3 Common Inventory Replenishmemt Challenges This white paper explains the 4 different types of replenishment models used by wholesalers and distributors to avoid making costly inventory

More information

Aspen Collaborative Demand Manager

Aspen Collaborative Demand Manager A world-class enterprise solution for forecasting market demand Aspen Collaborative Demand Manager combines historical and real-time data to generate the most accurate forecasts and manage these forecasts

More information

Introduction to Information Management IIM, NCKU. Enterprise Systems

Introduction to Information Management IIM, NCKU. Enterprise Systems Introduction to Information Management IIM, NCKU Enterprise Systems Aka enterprise resource planning (ERP) systems Suite of integrated software modules and a common central database Collects data from

More information

0845 345 3300 tellmemore@theaccessgroup.com www.theaccessgroup.com THE FINANCIAL FRONTIER

0845 345 3300 tellmemore@theaccessgroup.com www.theaccessgroup.com THE FINANCIAL FRONTIER 0845 345 3300 tellmemore@theaccessgroup.com www.theaccessgroup.com THE FINANCIAL FRONTIER Executive summary Many firms use ERP-derived stock modules to manage inventory levels and positioning. Unfortunately

More information

Chapter 16 Strategic Challenges and Emerging Changes for Supply Chains

Chapter 16 Strategic Challenges and Emerging Changes for Supply Chains Chapter 16 Strategic Challenges and Emerging Changes for Supply Chains Supply chain success will be facilitated by the development of effective, collaborative relationships between supply chain participants.

More information

PA: a force for transformation in Defence

PA: a force for transformation in Defence PA: a force for transformation in Defence PA Consulting Group is a leading management, systems and technology consulting firm. Operating worldwide in more than 35 countries, PA draws on the knowledge and

More information

The Outlook for Wholesale Distribution in 2012. A Survey of Key Business Objectives and Challenges Among Mid-Market Wholesale Distribution Companies

The Outlook for Wholesale Distribution in 2012. A Survey of Key Business Objectives and Challenges Among Mid-Market Wholesale Distribution Companies The Outlook for Wholesale Distribution in 2012 A Survey of Key Business Objectives and Challenges Among Mid-Market Wholesale Distribution Companies Executive Summary During the last quarter of 2011, NetSuite

More information

Increasing operational efficiency through improved customer service a case from the process maintenance business

Increasing operational efficiency through improved customer service a case from the process maintenance business Increasing operational efficiency through improved customer service a case from the process maintenance business Jaana Auramo, Kari Tanskanen and Johanna Småros Department of Industrial Engineering and

More information

Field Service in the Cloud: Solving the 5 Biggest Challenges of Field Service Delivery

Field Service in the Cloud: Solving the 5 Biggest Challenges of Field Service Delivery Field Service in the Cloud: Solving the 5 Biggest Challenges of Field Service Delivery The ServiceMax Whitepaper Executive Summary The time has come for field service organizations to also reap the benefits

More information

In a Global Economy: Staying Competitive in the Multi-Channel Distribution Industry Through Effective Use of Best Practices

In a Global Economy: Staying Competitive in the Multi-Channel Distribution Industry Through Effective Use of Best Practices In a Global Economy: Staying Competitive in the Multi-Channel Distribution Industry Through Effective Use of Best Practices OVERVIEW In the current global economic environment, multi-channel distribution

More information

What is the realistic outcome of managed learning implementation and is it right for you?

What is the realistic outcome of managed learning implementation and is it right for you? 1 What is the realistic outcome of managed learning implementation and is it right for you? What is the realistic outcome of managed learning implementation and is it right for you? Is managed learning

More information

total supply chain solutions www.entec-int.com

total supply chain solutions www.entec-int.com total supply chain solutions www.entec-int.com 02 03 04 05 06 07 08 Company Overview Mission & Values STRATEGIC SOURCING LOGISTICS & SUPPLY CHAIN MANAGEMENT NEED2 SOFTWARE SOLUTIONS CONSULTANCY SERVICES

More information

Lecture Series: Consumer Electronics Supply Chain Management

Lecture Series: Consumer Electronics Supply Chain Management Lecture Series: Consumer Electronics Supply Chain Management Mohit Juneja i2 Technologies Divakar Rajamani, Ph.D. UTD Center for Intelligent Supply Networks () 2003 UTD Lecture 1: Introduction to Consumer

More information

Sage MAS 90 and 200. Extended Enterprise Suite S

Sage MAS 90 and 200. Extended Enterprise Suite S Sage MAS 90 and 200 Extended Enterprise Suite S An End-to-End Approach to Business Software At Sage, we ve been supporting businesses like yours with world-class business software for well over a quarter

More information