Cost Management Center ability for profit

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Cost Management Center ability for profit"

Transcription

1 Cost Management Center ability for profit Tampereen teknillinen yliopisto Cost Management Center

2 What is Cost Management Center? Research team in (TUT) that combines academic research, practical development and professional education Field of expertise: cost accounting Established in 1998 Personnel Ph.D. (Tech.), Prof. 1 Ph.D. 2 Lic. (Tech.) 2 M.Sc. (Eng.) 4 Engineering students 1-3 2

3 Mission CMC seeks to improve the competitiveness of companies using the means of accounting. Strong emphasis on field study with selected partners. Based on the findings, best practises are analysed and published. 3

4 Examples of topical projects From cost accounting to cost Costs of standardisation Life cycle profitability of industrial b-2-b products Supply chain productivity improvement R&D and production collaboration Win-win principle Open-book cost Value network Customers process value New revenue generating models Life cycle costing Current industrial practices Applications for investment goods cost Standardization and business logic Strategic shift from project business to standard products Profitability in changing environment 4

5 Publication policy The main focus is on producing high-quality scientific papers, e.g. refereed papers in Finnish Journal of Business Economics European Journal of Innovation Management Industrial Marketing Management International Journal of Innovation Management International Journal of Production Economics International Journal of Electronic Business Technovation Dozens of conference papers For the comprehensive list of CMC publications, see 5

6 Professional education Subject areas including ABC Cost Conscious R&D ERP System Financial Control and Internal Reporting Financial Control of a Software Project Financial Information for Manufacturing & Marketing Financial Information for SMEs Implementation of ABC Interpretation of Preconditions for Business from Financial Statement Research Methods in Business Economics Supplier Co-Operation Some corporate references ABB Juvenes KCI Konecranes Group Kiilto Nokia Oyj Nokian Renkaat Sandvik Tamrock Tampere Technology Centre Teleste Toijala Works TUT Edutech Urho Tuominen Wallac 6

7 Examples of past research projects Business Concepts for Industries The aim was to help our co-operating companies to manage and control profitability. This will be achieved through accurate product, customer, and supplier profitability information. Supply Networking (VaVe-Network) The aim was to improve the competitiveness of the companies of the supplier network of Sandvik Tamrock Tampere. As far as CMC is concerned, this was aspired by improving the co-operation between the companies in the area of cost. Cost Conscious R&D The aim was to establish useful tools based on cost accounting to support the decision-making in product development. 3G Network 2000 The aim was to improve the competitiveness of the companies belonging to the supplier network of Sulzer Pumps Finland. 7

8 Cost Conscious Network Cooperation Global mining and drilling equipment provider Desire for supply chain development Several cost projects conducted in the supplier companies by CMC 8

9 Cooperation or Competition? Cooperation Committed to work in collaboration Trust Feeling of justice Competition Best supplier is selected by specific criteria Independent work Openness Win-Win Cost Information and its role Cost of switching suppliers Win Need for Development 9

10 Network Costing One Step at a Time Cost information shared with the whole network Cost information shared with the customer Accurate cost information for internal purposes 10

11 Product Costing in Logistics Business Technical wholesaler providing components and engineering services Primary target to reveal product profitability Characteristic for the company: Large number of sales items and variation in the processes CMC created a costing model utilizing the existing product category portfolio 11

12 Product Portfolio Innovative Costing Tool Plenty of cost information hidden in the product category portfolio Products within a category have similar demands on resources and activities Volume Products Order-Based Products Prognosis-Based Products Strategic Products Product portfolio determines resource usage and activity structure of a product 12

13 From Traditional Supplier to System Supplier Metal industry system supplier Need for accurate product and customer cost information Strong desire to cooperate with the customer CMC built a product costing tool, which is in operative use 13

14 Win-Win: negotiating an acceptable profit 1. Consensus of costing principles, profitability measures and target ratios essential 2. Full product cost information to the customer 3. Future actions shaped by the negotiations Negotiations arranged by CMC on a neutral ground 14

15 Fully Integrated Product Costing Tool ABC - software (CostControl) Financial Administration Update cost element costs Cost Elements Resources Activities Enterprise Resource Planning System (IFS) Annual costs of Activities Work Center hour costs Workshop Managers Assign activities to products Activity Assigning Application (Excel) Activities Products Product Informa tion Routing handles direct labor and work costs along with material costs Indirect Activities Management / Sales Utilize cost reports Standard Product Cost Report Actual Product Cost Report Material and Work Center costs 15

16 Cost information shared with the whole network Hydraulic component supplier Modeling cost impact of vendor managed inventory Introducing open-book cost to the network 16

17 Cost information revealed Customer s cost reduction target Analysis of cost impact of new processes Open-book seminar for the network companies Seminar increased the cost and process awareness of the participants Deeper understanding of logistic costs Revealing detailed cost information to the network members improved the position of the supplier within the network Cost information sharing was believed to become common in the future 17

18 Customization and Activity-Based Costing Organization-wide ABC-model Cost effects of customization Costing tool for R&D 18

19 ebusiness Cost Analysis Leading IT wholesale distributor in Finland and Baltic region Important role of ebusiness Cost analysis of e.g. traditional order entry compared to web-based order entry Warehousing service cost estimation Cost structure of IT wholesaler Dynamic environment and the extremely narrow margins of IT wholesaler demand fast but accurate cost 19

20 Cost Management in High-Tech Environment Semi-conductor laser manufacturer Proactive approach to cost : Product profitability and identification of major cost drivers Activity-based costing model in an ERP system (Oracle) Process-based costing model for Accurate product costs Manufacturing process design and simulation Investment decisions 20

21 Other Research Interests R&D Management Customer Profitability Cost Estimation Life-Cycle Costing Cost Management in ERP and PDM systems 21

22 Uncovering the product profitability distribution 200 % 180 % 160 % 140 % 120 % 100 % 80 % Cumulative profit Cumulative turnover 60 % 40 % 20 % 0 % Most profitable models Least profitable models 22

23 Customer Profitability Total revenues from a customer Product Total cost of a customer Service Customerspecific cost Customer profit - Material - Direct labor - Financing - Warehousing - etc. - Distance (transportation) - Behavior - etc. 23

An Enterprise Resource Planning Solution for Mill Products Companies

An Enterprise Resource Planning Solution for Mill Products Companies SAP Thought Leadership Paper Mill Products An Enterprise Resource Planning Solution for Mill Products Companies Driving Operational Excellence and Profitable Growth Table of Contents 4 What It Takes to

More information

DIPLOMA IN SUPPLY CHAIN MANAGEMENT Training Program

DIPLOMA IN SUPPLY CHAIN MANAGEMENT Training Program FINAL CERTIFICATION AWARDED BY IMRTC - USA DIPLOMA IN SUPPLY CHAIN MANAGEMENT Training Program Supply chain management programs are offered at all levels of desired expertise including certificate or diploma,

More information

International Master s Programme in Business and Technology

International Master s Programme in Business and Technology International Master s Programme in Business and Technology The Course Programme in more Detail The contents of 8 study modules are presented in detail below to give an overview of the courses. Introduction

More information

Course Description Bachelor in Management Information Systems

Course Description Bachelor in Management Information Systems Course Description Bachelor in Management Information Systems 1605215 Principles of Management Information Systems (3 credit hours) Introducing the essentials of Management Information Systems (MIS), providing

More information

Driving Operations through Better, Faster Decision Making

Driving Operations through Better, Faster Decision Making Driving Operations through Better, Faster Decision Making Driving Operations through Better, Faster Decision Making Operations faces increasing pressure from all sides. Picky customers know that your competitors

More information

tegically gile Senior Researcher Marko Mäkipää PRODUCTION NETWORKS Concept of Operations

tegically gile Senior Researcher Marko Mäkipää PRODUCTION NETWORKS Concept of Operations Concept of Operations Str A tegically gile PRODUCTION NETWORKS Senior Researcher Marko Mäkipää CIRCMI -research group Department of Computer Sciences University of Tampere Tampere University of Technology

More information

White Paper May 2009. Seven reports every supply chain executive needs Supply Chain Performance Management with IBM

White Paper May 2009. Seven reports every supply chain executive needs Supply Chain Performance Management with IBM White Paper May 2009 Seven reports every supply chain executive needs Supply Chain Performance Management with IBM 2 Contents 3 Business problems 3 Business drivers 4 The solution IBM Cognos SCPM Seven

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

Full-time MSc in Logistics and Supply Chain Management

Full-time MSc in Logistics and Supply Chain Management Full-time MSc in Logistics and Supply Chain Management Course structure and content 2016-2017 The course has been developed to produce expert logistics and supply chain professionals who can take the skills

More information

INTERNATIONAL MASTER IN INDUSTRIAL

INTERNATIONAL MASTER IN INDUSTRIAL POLITECNICO DI MILANO GRADUATE SCHOOL OF BUSINESS INTERNATIONAL MASTER IN INDUSTRIAL Management Courses Description A joint program with POLITECNICO DI MILANO SCHOOL OF MANAGEMENT First semester (Universidad

More information

SUPPORTING LOGISTICS DECISIONS BY USING COST AND PERFORMANCE MANAGEMENT TOOLS. Zoltán BOKOR. Abstract. 1. Introduction

SUPPORTING LOGISTICS DECISIONS BY USING COST AND PERFORMANCE MANAGEMENT TOOLS. Zoltán BOKOR. Abstract. 1. Introduction SUPPORTING LOGISTICS DECISIONS BY USING COST AND PERFORMANCE MANAGEMENT TOOLS Zoltán BOKOR Department of Transport Economics Faculty of Transportation Engineering Budapest University of Technology and

More information

Supply Chain Management Build Connections

Supply Chain Management Build Connections Build Connections Enabling a business in manufacturing Building High-Value Connections with Partners and Suppliers Build Connections Is your supply chain responsive, adaptive, agile, and efficient? How

More information

Integrated Fulfillment: Modern Warehouse Management

Integrated Fulfillment: Modern Warehouse Management Integrated Fulfillment: Modern Warehouse Oracle European Value Chain Summit #vcsummit15 Susan Flierl Product Strategy Director, Logistics March 2015 Safe Harbor Statement The following is intended to outline

More information

Should Costing Version 1.1

Should Costing Version 1.1 Should Costing Identify should cost elements early in the design phase, and enable cost down initiatives Version 1.1 August, 2010 WHITE PAPER Copyright Notice Geometric Limited. All rights reserved. No

More information

Supply chain intelligence: benefits, techniques and future trends

Supply chain intelligence: benefits, techniques and future trends MEB 2010 8 th International Conference on Management, Enterprise and Benchmarking June 4 5, 2010 Budapest, Hungary Supply chain intelligence: benefits, techniques and future trends Zoltán Bátori Óbuda

More information

Enterprise resource planning Product life-cycle management Information systems in industry ELEC-E8113

Enterprise resource planning Product life-cycle management Information systems in industry ELEC-E8113 Enterprise resource planning Product life-cycle management Information systems in industry ELEC-E8113 Contents Enterprise resource planning (ERP) Product data management (PDM) Product lifecycle management

More information

Applied Business Intelligence. Iakovos Motakis, Ph.D. Director, DW & Decision Support Systems Intrasoft SA

Applied Business Intelligence. Iakovos Motakis, Ph.D. Director, DW & Decision Support Systems Intrasoft SA Applied Business Intelligence Iakovos Motakis, Ph.D. Director, DW & Decision Support Systems Intrasoft SA Agenda Business Drivers and Perspectives Technology & Analytical Applications Trends Challenges

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

DISCRETE MANUFACTURING

DISCRETE MANUFACTURING DISCRETE MANUFACTURING 1 Our research and development strategy: to be the most innovative IT solutions integrator Prodware s software development strategy is centred around the leading ERP platform, Microsoft

More information

Product Lifecycle Management

Product Lifecycle Management Antti Saaksvuori Anselmi Immonen Product Lifecycle Management Third Edition With 62 Figures and 5 Tables Springer Table of Contents Preface v Chapter 1 - Introduction 1 What is a product? 1 PLM: What is

More information

Learning Objectives. Supply Chains & SCM Defined. Learning Objectives con t. Components of a Supply Chain for a Manufacturer

Learning Objectives. Supply Chains & SCM Defined. Learning Objectives con t. Components of a Supply Chain for a Manufacturer Chapter 4 Global Supply Chain Management Operations Management by R. Dan Reid & Nada R. Sanders 4th Edition Wiley 2010 Learning Objectives Describe the structure of supply chains Describe the bullwhip

More information

WMS Software Training Class

WMS Software Training Class WMS Software Training Class A Educational Workshop For Selection Team, Consultants, and Integrators Industrial Data & Information Inc. www.idii.com Purpose Educate selection team members & executives on

More information

COMPANY... 3 SYSTEM...

COMPANY... 3 SYSTEM... Wisetime Ltd is a Finnish software company that has longterm experience in developing industrial Enterprise Resource Planning (ERP) systems. Our comprehensive system is used by thousands of users in 14

More information

Content. Chapter 1 Supply Chain Management An Overview 3. Chapter 2 Supply Chain Integration 17. Chapter 3 Demand Forecasting in a Supply Chain 28

Content. Chapter 1 Supply Chain Management An Overview 3. Chapter 2 Supply Chain Integration 17. Chapter 3 Demand Forecasting in a Supply Chain 28 Content Part I: Principles of Supply Chain Management Chapter 1 Supply Chain Management An Overview 3 Part II: Supply Chain Planning & Design Chapter 2 Supply Chain Integration 17 Chapter 3 Demand Forecasting

More information

SUPPLY CHAIN MODELING USING SIMULATION

SUPPLY CHAIN MODELING USING SIMULATION SUPPLY CHAIN MODELING USING SIMULATION 1 YOON CHANG AND 2 HARRIS MAKATSORIS 1 Institute for Manufacturing, University of Cambridge, Cambridge, CB2 1RX, UK 1 To whom correspondence should be addressed.

More information

Thermal Spray Center Finland

Thermal Spray Center Finland Thermal Spray Center Finland A review of thermal spraying in Finland and elsewhere Research and industrial thermal spraying activities 3.2.2015 2 What is thermal spraying? 3.2.2015 3 Global thermal spray

More information

Fourth Party Logistics: The Evolution of Supply Chain Outsourcing

Fourth Party Logistics: The Evolution of Supply Chain Outsourcing NIls Peters 4PL: The Evolution of Supply Chain Outsourcing Fourth Party Logistics: The Evolution of Supply Chain Outsourcing e-business Seminar Outline 1. Outsourcing: Third Party Logistics W hy outsourcing

More information

Fact Sheet Fujitsu Revenue Management Solution for the Wholesale Distribution Industry

Fact Sheet Fujitsu Revenue Management Solution for the Wholesale Distribution Industry Fact Sheet Fujitsu Revenue Management Solution for the Wholesale Distribution Industry Fujitsu Revenue Management Solution manages end to end supply chain management. This solution integrates demand planning,

More information

OBIEE 11g Pre-Built Dashboards from Oracle Courtesy: Oracle OBIEE 11g Deployment on Vision Demo Data FINANCIALS

OBIEE 11g Pre-Built Dashboards from Oracle Courtesy: Oracle OBIEE 11g Deployment on Vision Demo Data FINANCIALS FINANCIALS General Ledger The General Ledger module provides insight into key financial areas of performance, including balance sheet, cash flow, budget vs. actual, working capital, liquidity. Dashboard

More information

Advanced Management Training

Advanced Management Training SCG The Supply Chain Group AG Advanced Management Training SCG The Supply Chain Group AG Mühlsteige 4 D - 89075 Ulm Germany Phone: +49.731.140500 Mail: renate.hergoeth@the-scg.com court Ulm Commercial

More information

Logistics Management SC Performance, SC Drivers and Metrics. Özgür Kabak, Ph.D.

Logistics Management SC Performance, SC Drivers and Metrics. Özgür Kabak, Ph.D. Logistics Management SC Performance, SC Drivers and Metrics Özgür Kabak, Ph.D. Outline Supply Chain Performance: Achieving Strategic Fit and Scope Competitive and supply chain strategies Achieving strategic

More information

INTELLIGENT BUILT ENVIRONMENT FOR LIFE MAY 30 JUNE 3, 2016 TAMPERE FINLAND CALL FOR PAPERS

INTELLIGENT BUILT ENVIRONMENT FOR LIFE MAY 30 JUNE 3, 2016 TAMPERE FINLAND CALL FOR PAPERS INTELLIGENT BUILT ENVIRONMENT FOR LIFE MAY 30 JUNE 3, 2016 TAMPERE FINLAND CALL FOR PAPERS Welcome to the leading World Building Congress INTELLIGENT BUILT ENVIRONMENT FOR LIFE 7. Shaping materials and

More information

IMPLEMENTING ACTIVITY-BASED COSTING IN

IMPLEMENTING ACTIVITY-BASED COSTING IN IMPLEMENTING ACTIVITY-BASED COSTING IN AN ENTERPRISE RESOURCE PLANNING SYSTEM Tommi Lahikainen Jari Paranko Marko Seppänen Tampere University of Technology Tampere, Finland ii ABSTRACT The main objective

More information

A Guide to Efficient MRO Procurement & Management White Paper

A Guide to Efficient MRO Procurement & Management White Paper A Guide to Efficient MRO Procurement & Management White Paper Brammer 117554 WhitePaper_V5_SP.indd 1 19/04/2010 15:19 Executive summary The purchasing of spares for the daily maintenance, repair and overhaul

More information

LOGISTICS INTEGRATION OF SUPPLIERS FROM INDIA IN SUPPLY CHAINS OF GERMAN MANUFACTURERS

LOGISTICS INTEGRATION OF SUPPLIERS FROM INDIA IN SUPPLY CHAINS OF GERMAN MANUFACTURERS LOGISTICS INTEGRATION OF SUPPLIERS FROM INDIA IN SUPPLY CHAINS OF GERMAN MANUFACTURERS REQUIREMENTS AND KEY ACTION FIELDS UNDER AN INDUSTRY 4.0 PERSPECTIVE Dr.-Ing. Tobias Hegmanns Delhi, September 3 rd

More information

Optimizing Human Capital Development

Optimizing Human Capital Development Distribution Research Consortia INDUTRIAL DITRIBUTION PROGRAM Dwight Look College of Engineering Optimizing Human Capital Development Achieving Distribution Competitive Advantage through People: Best Practices

More information

High tech spare parts management

High tech spare parts management High tech spare parts management André van Goch Logistics Manager ASML Center of Excellence / Slide 1 20071112 ASML spare parts management Version 1 André van Goch Contents ASML business Supply chain model

More information

BPO in Manufacturing: Catching the New Wave of Innovative Services

BPO in Manufacturing: Catching the New Wave of Innovative Services Manufacturing the way we see it BPO in Manufacturing: Catching the New Wave of Innovative Services New Capgemini research enables manufacturers to evaluate how Business Process Outsourcing can help them

More information

Technopolis Plc. Q3 Review

Technopolis Plc. Q3 Review Technopolis Plc Q3 Review Technopolis Group OULU KUOPIO JYVÄSKYLÄ LAPPEENRANTA TAMPERE PIETARI CAPITAL CITY AREA Specializing in business environments for high-tech companies The only STP chain in Europe

More information

Global Education in Manufacturing Strategy A European Perspective

Global Education in Manufacturing Strategy A European Perspective Global Education in Manufacturing Strategy A European Perspective An idea for discussion: global project based teaching Riitta Smeds, Professor, Helsinki University of Technology TKK Enterprise Simulation

More information

3PL Selection Strategies

3PL Selection Strategies 3PL Selection Strategies Presented by: Sponsored by: Matt Kulp Principal 2014 MHI Copyright claimed as to audiovisual works of seminar sessions and sound recordings of seminar sessions. All rights reserved.

More information

CAD/CAE systems and cost engineering

CAD/CAE systems and cost engineering CAD/CAE systems and cost engineering The purpose of this article is to explain how total life-cycle solutions can help engineering procurement and construction and plant owner companies meet today s business

More information

Exceptional Customer Experience: The New Supply Chain Management Focus

Exceptional Customer Experience: The New Supply Chain Management Focus White Paper Exceptional Customer Experience: The New Supply Chain Management Focus Jonathan Gross Contents A Fresh Look at Supply Chain Management....2 Factors Driving the Integration of Supply Chain Management

More information

The Customer Relationship Management Process

The Customer Relationship Management Process The Customer Relationship Management Process E d u c a t i n g t h e W o r l d s B e s t A i r F o r c e Slide 1 The Supply Chain Management Processes Information Flow Supply Chain Management Processes

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

Contemporary Economic Issues LX00BX59

Contemporary Economic Issues LX00BX59 Course Description in the International Programmes Course name Contemporary Economic Issues Course name in Finnish / Nimi suomeksi ECTS 5 Course Code Course Type Course Level Timing Learning Outcomes Course

More information

CENTRE FOR MARITIME STUDIES

CENTRE FOR MARITIME STUDIES CENTRE FOR MARITIME STUDIES Eija Velin 28.06.2013 0 The Centre for Maritime Studies International education and research centre in maritime field and related fields We offer high-quality university level

More information

Liiketoimintamallit ja osaaminen teollisuuden palveluliiketoiminnan kehittämistarpeina. Tulevaisuusluotain seminaari 9-10.2.2005

Liiketoimintamallit ja osaaminen teollisuuden palveluliiketoiminnan kehittämistarpeina. Tulevaisuusluotain seminaari 9-10.2.2005 Liiketoimintamallit ja osaaminen teollisuuden palveluliiketoiminnan kehittämistarpeina. Tulevaisuusluotain seminaari 9-10.2.2005 Hannu Tuominen, Vaisala Solutions, BestServ Forum Content of presentation

More information

ROSS ENTERPRISE RESOURCE PLANNING

ROSS ENTERPRISE RESOURCE PLANNING ROSS ENTERPRISE RESOURCE PLANNING YOU BECOME STRONGER. SMARTER. FASTER Fewer customizations, fewer work-arounds, faster implementations: Ross ERP is the perfect fit for Process Manufacturers GROW FAST

More information

GET THE MOST FROM YOUR DATA WITH INTEGRATED BUSINESS INTELLIGENCE

GET THE MOST FROM YOUR DATA WITH INTEGRATED BUSINESS INTELLIGENCE Exact Insights powered by QlikView GET THE MOST FROM YOUR DATA WITH INTEGRATED BUSINESS INTELLIGENCE Exact Insights allows you to convert your Exact big data effortlessly into organization wide KPI s and

More information

Machine to Machine Communications As a Service

Machine to Machine Communications As a Service Machine to Machine Communications As a Service Machine-to-Machine (M2M) refers to technologies that allow both wireless and wired systems to communicate with other devices It s the fastest growing Telecom

More information

OVERCOMING FIELD SERVICE & REVERSE LOGISTICS CHALLENGES WITH AN INTEGRATED, BEST OF BREED ENTERPRISE SERVICE MANAGEMENT SYSTEM

OVERCOMING FIELD SERVICE & REVERSE LOGISTICS CHALLENGES WITH AN INTEGRATED, BEST OF BREED ENTERPRISE SERVICE MANAGEMENT SYSTEM OVERCOMING FIELD SERVICE & REVERSE LOGISTICS CHALLENGES WITH AN INTEGRATED, BEST OF BREED ENTERPRISE SERVICE MANAGEMENT SYSTEM A WHITE PAPER BY: Michael R. Blumberg, CMC PRESIDENT, Blumberg Advisory Group

More information

Software Selection Process Steps

Software Selection Process Steps TGI Software That Drives Business Performance. SM Software Selection Process Steps Technology Group International 6800 West Central Avenue, Building I, Toledo, OH 43617 Toll Free: (800) 837-0028 Office:

More information

Strategic Framework to Analyze Supply Chains

Strategic Framework to Analyze Supply Chains Strategic Framework to Analyze Supply Chains 1 Andy Guo A Strategic Framework for Supply Chain Design, Planning, and Operation Part I: Understand the supply chain Part II: Supply chain performance Part

More information

Department of Industrial Engineering

Department of Industrial Engineering Department of Industrial Engineering Master of Engineering Program in Engineering Management (International Program) M.Eng. (Engineering Management) Plan A Option 2: Total credits required: minimum 36

More information

Business Process Management Tampereen Teknillinen Yliopisto

Business Process Management Tampereen Teknillinen Yliopisto Business Process Management Tampereen Teknillinen Yliopisto 31.10.2007 Kimmo Kaskikallio IT Architect IBM Software Group IBM SOA 25.10.2007 Kimmo Kaskikallio IT Architect IBM Software Group Service Oriented

More information

THE USE OF THE ERP-CRM-CIM SYSTEMS WITHIN THE MASTER S DEGREE PROGRAMMES

THE USE OF THE ERP-CRM-CIM SYSTEMS WITHIN THE MASTER S DEGREE PROGRAMMES THE USE OF THE ERP-CRM-CIM SYSTEMS WITHIN THE MASTER S DEGREE PROGRAMMES Virgil Chichernea, Phd,vchichernea@rau.ro Romanian American University, Bucharest Abstract: This paper proposes a conceptual framework

More information

Marketing Channels: MARKETING AN INTRODUCTION Armstrong/Kotler. Delivering Customer Value

Marketing Channels: MARKETING AN INTRODUCTION Armstrong/Kotler. Delivering Customer Value 10 MARKETING AN INTRODUCTION Armstrong/Kotler Marketing Channels: Delivering Customer Value Chapter Outline Supply Chains and the Value Delivery Network The Nature and Importance of Marketing Channels

More information

Transportation Management Systems

Transportation Management Systems RESEARCH REPORT M AY 2 0 1 4 Transportation Management Systems More than 500 logistics and supply chain managers reveal the status of their current supply chain software and their future technology goals.

More information

Introduction to. David Simchi-Levi. Professor of Engineering Systems Massachusetts Institute of Technology. Regional warehouses: Stocking points

Introduction to. David Simchi-Levi. Professor of Engineering Systems Massachusetts Institute of Technology. Regional warehouses: Stocking points Introduction to Supply Chain Management David Simchi-Levi Professor of Engineering Systems Massachusetts Institute of Technology Sources: Plants vendors ports Regional warehouses: Stocking points Field

More information

Business Intelligence services

Business Intelligence services Business Intelligence services 2013 Benefit from ScienceSoft BI expertise By offering analytic tool development & support, on-demand reporting and comprehensive data analysis, ScienceSoft helps its Customers

More information

Enterprise Applications

Enterprise Applications Enterprise Applications Reading: Laudon & Laudon chapter 8 Additional Reading: Brien & Marakas chapter 7 COMP 5131 1 Outline Enterprise Systems Supply Chain Management Support Customer Relationship Management

More information

Accenture Enterprise Services for Metals. Delivering high performance in enterprise resource planning

Accenture Enterprise Services for Metals. Delivering high performance in enterprise resource planning Accenture Enterprise Services for Metals Delivering high performance in enterprise resource planning The metals industry faces unique levels of process complexity, which make the deployment of enterprise

More information

QlikView for Supply Chain. High Tech

QlikView for Supply Chain. High Tech QlikView for Supply Chain High Tech QlikView for the High Tech Supply Chain Political Increased regulatory and compliance pressures Political uncertainty Heightened environmental concerns Demand for sustainable

More information

Canadian Supply Chain Logistics Project in Aerospace

Canadian Supply Chain Logistics Project in Aerospace Canadian Supply Chain Logistics Project in Aerospace e-bsn Workshop European Commission Paris July 6,2007 Background Information As competition becomes more global, innovation is moving from a firm-to-firm

More information

TO EFFECTIVELY ORGANIZE AN ERP PROJECT

TO EFFECTIVELY ORGANIZE AN ERP PROJECT 7 STEPS TO EFFECTIVELY ORGANIZE AN ERP PROJECT Paper Summary One of the most compelling questions faced by a manufacturing company is how to effectively organize an ERP project, and use ERP for an effective

More information

Logistics Cost Survey

Logistics Cost Survey Logistics Cost Survey - 26 Supply Chain Digest recently conducted a survey of its readers on logistics costs. This was a self-selected poll opportunities to take the brief survey were posted on several

More information

Metropolia Master s Degree

Metropolia Master s Degree Business Knowledge for Engineers A Value New Window for you, of value Opportunity for your for company! Logistics Professionals Industrial Logistics Metropolia Master s Degree A Certified Degree for your

More information

Business Process Modeling. Introduction to ARIS Methodolgy

Business Process Modeling. Introduction to ARIS Methodolgy Business Process Modeling Introduction to ARIS Methodolgy Agenda What s in modeling? Situation today Objectives of Process Management ARIS Framework and methods ARIS suite of products Live demo Page 2

More information

Q3 2015 Financial Performance. 12 November 2015

Q3 2015 Financial Performance. 12 November 2015 Q3 2015 Financial Performance 12 November 2015 Agenda 1 Q3 2015 Business 2 Financial Performance 3 Dividend for 2014 1 2015 Outlook 2 Questions and Answers 23/11/2015 ABC Data SA 2 Q3 2015 Achievements

More information

Study on ERP-Based Cost Control in SME

Study on ERP-Based Cost Control in SME Study on ERP-Based Cost Control in SME ZHANG Qingwei 1, LI Ziyao 2 1. HENAN Electric Power Training Center, P.R.CHINA, 450052 2. Economic and Management School, Zhongyuan University of Technology, P.R.CHINA,

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

A Matter of Perspective?

A Matter of Perspective? A Matter of Perspective? Some comments to the draft report from the project In Search of Process Based Regional Policy (PROB) Knut H. Sørensen Introductory remarks The PROB project has produced three case

More information

Ten questions to ask when evaluating contract management solutions

Ten questions to ask when evaluating contract management solutions IBM Software Industry Solutions Contract Management Ten questions to ask when evaluating contract management solutions Ten questions to ask when evaluating contract management solutions Contents 2 Top

More information

Information Systems in the Enterprise

Information Systems in the Enterprise Chapter 2 Information Systems in the Enterprise 2.1 2006 by Prentice Hall OBJECTIVES Evaluate the role played by the major types of systems in a business and their relationship to each other Describe the

More information

E-Commerce: From Converging 'B2B versus B2C' Segments to Solutions for Different Product Groups

E-Commerce: From Converging 'B2B versus B2C' Segments to Solutions for Different Product Groups E-Commerce: From Converging 'B2B versus B2C' Segments to Solutions for Different Product Groups Prof. Dr. Claudia Loebbecke, M.B.A. Chaired Professor of Media Management University of Cologne Pohligstr.

More information

MOVING FLORIDA FORWARD. Alan Becker Founding Shareholder, Becker & Poliakoff, P.A. Vice-Chair, Enterprise Florida Board of Directors

MOVING FLORIDA FORWARD. Alan Becker Founding Shareholder, Becker & Poliakoff, P.A. Vice-Chair, Enterprise Florida Board of Directors MOVING FLORIDA FORWARD Alan Becker Founding Shareholder, Becker & Poliakoff, P.A. Vice-Chair, Enterprise Florida Board of Directors Enterprise Florida Created by the Florida Legislature in

More information

Procurement, Inventory Management and Supply Chain solutions for the Petrochemicals sector

Procurement, Inventory Management and Supply Chain solutions for the Petrochemicals sector Procurement, Inventory Management and Supply Chain solutions for the Petrochemicals sector 1 2 About us Saudi Maintenance and Supply Chain Management Company (SMSCMC) is a top-tier integrated supply chain

More information

TRIMIT Partnership WWW.TRIMIT.COM

TRIMIT Partnership WWW.TRIMIT.COM TRIMIT Partnership WWW.TRIMIT.COM 325+ 6,250+ 15,000+ organizations run TRIMIT people use TRIMIT every day hours is our yearly investment in development Welcome to TRIMIT partner network An introduction

More information

Operations Planning & Optimization. Dr. Victor Allis, Co-founder and CEO

Operations Planning & Optimization. Dr. Victor Allis, Co-founder and CEO Operations Planning & Optimization Dr. Victor Allis, Co-founder and CEO QUINTIQ Solving puzzles s i n c e 1997 QUINTIQ FOUNDING VISION Solving the world s planning puzzles 3DS.COM Dassault Systèmes Confidential

More information

DELIVERING QUALITY AND VALUE THROUGH SUPPLY CHAIN EXCELLENCE

DELIVERING QUALITY AND VALUE THROUGH SUPPLY CHAIN EXCELLENCE DELIVERING QUALITY AND VALUE THROUGH SUPPLY CHAIN EXCELLENCE 1 1 2 Our team is here to improve supplier performance, reduce spend and realise potential supply chain savings. Supply chain activity is fundamental

More information

DESIGNED FOR QUALITY ASSURANCE

DESIGNED FOR QUALITY ASSURANCE DESIGNED FOR QUALITY ASSURANCE DESIGNED FOR QUALITY ASSURANCE Executive Summary Quality can be defined as fitness for use as defined by the customer. A quality product or service contributes to customer

More information

Department of Management

Department of Management Department of Management Course Student Learning Outcomes (ITM and MGMT) ITM 1270: Fundamentals of Information Systems and Applications Upon successful completion of the course, a student will be able

More information

Your strategic partner for quality custom machining

Your strategic partner for quality custom machining Your strategic partner for quality custom machining The Flinchbaugh Company has been a provider of quality custom machining and related shop services since 1936. Our proactive approach and operating philosophy

More information

VERK/400 Enterprise Resource Planning system

VERK/400 Enterprise Resource Planning system VERK/400 Enterprise Resource Planning system Integrated and customizable ERP solution R&R Software's self-owned and self-developed VERK/400 - containing almost 25 years of experience - gained a decisive

More information

HIGH TECH QAD SOLUTIONS ARE BUILT FOR HIGH TECH MANUFACTURERS, BUILT FOR YOU

HIGH TECH QAD SOLUTIONS ARE BUILT FOR HIGH TECH MANUFACTURERS, BUILT FOR YOU QAD SOLUTIONS ARE BUILT FOR MANUFACTURERS, BUILT FOR YOU Whether manufacturing mass produced electronic components, or build to order and configure to order instruments and telecommunications equipment,

More information

Supply Chain Strategies

Supply Chain Strategies Supply Chain Strategies Customer-driven and customer-focused Tony Hines ELSEVIER BUTTERWORTH HEINEMANN AMSTERDAM BOSTON HEIDELBERG LONDON NEW YORK OXFORD PARIS SAN DIEGO SAN FRANCISCO SINGAPORE SYDNEY

More information

ENTERPRISE MANAGEMENT AND SUPPORT IN THE INDUSTRIAL MACHINERY AND COMPONENTS INDUSTRY

ENTERPRISE MANAGEMENT AND SUPPORT IN THE INDUSTRIAL MACHINERY AND COMPONENTS INDUSTRY ENTERPRISE MANAGEMENT AND SUPPORT IN THE INDUSTRIAL MACHINERY AND COMPONENTS INDUSTRY The Industrial Machinery and Components Industry Manufacturers in the industrial machinery and components (IM&C) industry

More information

Healthcare Resource and Supply Management Opportunities and Challenges

Healthcare Resource and Supply Management Opportunities and Challenges Healthcare Resource and Supply Management Opportunities and Challenges A Subsidiary of 1 2013 Resource Supply Management Group d/b/a The Resource Group This work, including its content, may not be used,

More information

September 17, 1:00 PM. Dean Sorensen, Founder, IBP Collaborative

September 17, 1:00 PM. Dean Sorensen, Founder, IBP Collaborative BUSINESS FORECASTING AND INNOVATION FORUM 2015 September 17-18, 2015 Boston, MA September 17, 1:00 PM Track A Session: Transforming FP&A via Strategic, Financial & Operational Integration Improve forecast

More information

Axis Cloud Collaboration Platform Business Partner Collaboration

Axis Cloud Collaboration Platform Business Partner Collaboration Axis Cloud Collaboration Platform Business Partner Collaboration Axis is an enterprise cloud-delivered collaboration platform for exchanging supply chain, asset & work management data electronically between

More information

Tapping the benefits of business analytics and optimization

Tapping the benefits of business analytics and optimization IBM Sales and Distribution Chemicals and Petroleum White Paper Tapping the benefits of business analytics and optimization A rich source of intelligence for the chemicals and petroleum industries 2 Tapping

More information

12090c 12090c. Is Cloud the way forward for Manufacturing Industries?

12090c 12090c. Is Cloud the way forward for Manufacturing Industries? 12090c 12090c Is Cloud the way forward for Manufacturing Industries? Table of Contents Introduction Challenges in the Manufacturing Industry So how can these Critical Business Imperatives be addressed

More information

Opportunity or threat? How IT organisations should view the cloud - and respond

Opportunity or threat? How IT organisations should view the cloud - and respond White paper Opportunity or threat? How IT organisations should view the cloud - and respond For decades, IT consultants, resellers and integrators have proved invaluable to technology vendors. They've

More information

ABB Process Automation Service Services that add life to your systems and processes

ABB Process Automation Service Services that add life to your systems and processes ABB Process Automation Service Services that add life to your systems and processes Services that add life to your systems and processes ABB has world-class experience in specifiying, installing, maintaining,

More information

Oracle Front Office Applications. Enabling Customer-Responsive Enterprises

Oracle Front Office Applications. Enabling Customer-Responsive Enterprises Oracle Front Office Applications Enabling Customer-Responsive Enterprises promote customer loyalty promote customer loyalty promote customer loyalty grow your business grow your business grow your business

More information

METRICS TO HELP IMPROVE YOUR WORKFORCE PRODUCTIVITY

METRICS TO HELP IMPROVE YOUR WORKFORCE PRODUCTIVITY METRICS TO HELP IMPROVE YOUR WORKFORCE PRODUCTIVITY KEY RESULTS FROM MERCER 2013-2014 WORKFORCE METRICS DATABASE Tom Jacob, Mercer Ephraim Spehrer-Patrick, Mercer Milan Taylor, Mercer TODAY S PRESENTERS

More information

Business Process Services. White Paper. Optimizing Extended Warranty Processes by Embracing Analytics

Business Process Services. White Paper. Optimizing Extended Warranty Processes by Embracing Analytics Business Process Services White Paper Optimizing Extended Warranty Processes by Embracing Analytics About the Author Dr. Anuj Prakash Anuj Prakash is a part of the TCS Analytics and Insights Practice,

More information

Journal of Applied Business Research First Quarter 2006 Volume 22, Number 1 ABSTRACT

Journal of Applied Business Research First Quarter 2006 Volume 22, Number 1 ABSTRACT Managing Supply Chain s Transaction Costs Through Logistics Al Chen, (Email: al_chen@ncsu.edu), North Carolina State University Karen Nunez, (Email: karen_nunez@ncsu.edu), North Carolina State University

More information

Purchasing and Supply Chain Management

Purchasing and Supply Chain Management Eighth Edition Purchasing and Supply Chain Management KENNETH LYSONS MA, MEd, PhD, Dipl.PA, AcDip.Ed., DMS, FCIS, FCIPS, Flnst M, MILT BRIAN FARRINGTON BSc(Econ), MSc, PhD, FCIPS PEARSON Harlow, England

More information