Supply Chain – In a future of market-driven forces and increased uncertainty, one wonders how long companies having old established structures and holding such one-sided views will survive without re-structuring internally and without having to find new strengths externally beyond themselves. Thinking differently and looking for more creative and innovative ways to manage the supply chain will therefore be the next ambition for companies. Asprova’s valuable information and its advance functionality will be influential for the companies when they will undertake such revolutionary changes to its supply chain.
Supply Chain Management – Organizations in this unpredictable business environment cannot compete solely as individual firms. In reality, they must depend on effective supply chains to compete in the networked economy. With relationships extending beyond traditional enterprise boundaries, firms must manage business activities throughout an integrated value chain of multiple companies- from the ultimate supplier to the ultimate customer.
Supply Chain Visibility (SCV) – Companies today are under pressure to eliminate disruptions in their supply chain. Defective materials, labor disputes and transportation mismanagement can have a devastating effect on their bottom-line. So manufacturing companies operating world-wide have opt for Supply Chain Visibility (SCV), a critical strategy for enterprises aimed at reducing costs and improving operational performance in the context of their increasingly complex and multi-tiered global supply-demand networks.
VMI– In the past the manufacturing firms had an adversarial relationship with their suppliers. But the modern supply chain thinking has shifted this focus and now firms go an extra mile to establish a collaborative relationship with their suppliers to grasp the opportunities to become competitive. One of the outcomes of this approach is Vendor Managed Inventory (VMI). Under VMI, the benefits are shared among the buyer and their suppliers. This is where our intellectual Advanced Planning and Scheduling software steps in to harness this close relationship and draw out more supply chain values through the VMI philosophy.
ABC Analysis – Inventory optimization is critical in order to keep costs under control within the supply chain. Yet, in order to get the most from management efforts, it is efficient to focus on items that cost most to the business. See how Asprova elevates this ABC analysis concept one stage further into three stock categories used extensively in stock control.
Business Process Re-engineering (BPR) – Business Process Reengineering involves such radical redesign of core business processes to achieve dramatic improvements in productivity, cycle times and quality.This is where Asprova will play a vital role, our advanced planning and scheduling software will support businesses to carry out such effective and efficient changes to give them the desired competitive advantage.
Bullwhip Effect: Minimizing Strategy – Due to high competition of business environment in the global world, most firms try to increase productivity and eliminate problems of their supply chain systems. But firms do face problems in the form of excessive inventory, shortage of the products, information distortion and insufficient transportation. One of the main reasons of these problems is the “Bullwhip Effect”.
Quick Response Manufacturing (QRM) – Is apparently directed to compress time in all the action spheres and delivery chains of a company. Its implementation ensures not only effective time management inside a company but also strengthens cooperation between suppliers and recipients. Besides, it also ensures a flexible reaction to market signals and improves competitiveness of a company in the long-term.
Supply Chain Drivers – The supply chain strategic fit concept requires that a company achieve the desired responsiveness and efficiency in its supply that best meets the needs of the company’s competitive strategy. In this regard, companies in any supply chain must make decisions individually and collectively about their actions in the five vital areas.
Improving Supply Chain Performance – Cost savings through reduced inventory, superior service levels resulting from better communication and cross-functional activities will allow the company to provide more favorable terms to customers.
Designing the Supply Chain – Anticipating customer needs, predicting demand patterns, and, ultimately, ensuring that products are in the right place at the right time are immensely challenging issues for large and small companies alike. Orchestrating an optimal supply chain or network though, provides an important competitive advantage within this dynamic and unpredictable business environment.
Demand Forecasting – Demand forecasting is not an option but a compulsion in today’s competitive environment. It is one of the most important aspects of managing a business. Finding the right balance of supply and demand allows a company to produce enough to meet the needs of its customers.