Cut Through the Data Craze With Collaborative Analytics
When business analytics first became available to US companies in the 1950s, capabilities were limited and technology was often prohibitively expensive. It was decades before most companies made analytics a standard practice in their organizations. Business leaders continued to rely on their experience and intuition to make critical decisions. But as analytics technology evolved, insights became more valuable and leaders took notice. By the 1980s, most large companies were employing some form of analytics for decision support.
Fast forward 30 years and companies like General Electric are making multi-billion dollar investments in their analytics infrastructures. It’s more than just Big Data; leaders know that their data is only as valuable as the insights it provides. As analytics have evolved and improved, decision-makers are demanding more from their analytics than ever.
Continue Reading “People, Not Data, Will Transform Your Supply Chain”
Modern manufacturing has brought warehouses increasingly into the manufacturing process. According to Logistics Management, Manufacturing Execution Systems (MES) and Warehouse Management Systems (WMS) are coming together. LeanDNA is mentioned as one of the new technologies driving the charge. Read the highlights below or read the full article on Logistics Management.
Continue Reading “LeanDNA in the News: Logistics Management on the Merger of MES and WMS”
Digital transformation is necessary for enterprises, but many business leaders don’t know where to start. Recently, TechRepublic created a cheat sheet on the benefits and how-tos of digital transformation, and featured quotes from Richard Lebovitz, CEO of LeanDNA. Below are highlights from the article, or check out the full article on TechRepublic.
Continue Reading “LeanDNA in the News: TechRepublic’s Cheat Sheet on Digital Transformation”
¡Hola! Each day, LeanDNA sets out to delight customers and transform supply chains around the world through collaborative analytics. To support our global users, we’re always making improvements and additions to the tool. Today, we are pleased to announce that LeanDNA now offers Spanish language support!
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As part of a company-wide initiative to reduce working capital and inventory costs, your leadership has just asked you to analyze your supply base and determine the top 10 suppliers requiring improvement. You need an action plan and KPIs to measure performance improvements for those suppliers – and fast. Your supplier development team is struggling to come up with streamlined ways to track supplier performance, understand the root cause of performance issues, and actually drive improvements. Now it’s time to scramble as a team to develop and implement an improvement strategy. But where do you start?!
Continue Reading “4 Essential Tools for Improving Supplier Performance”
Supply chain executives are always on the hunt for improvements to efficiency that lead to cost savings. Improving processes is often low-hanging fruit that can be done quickly with the right tools in-hand. In this post, I’d like to show you how our customers have saved millions through inventory optimization and cost reductions by leveraging new supply chain analytics technology like AI and cloud computing. I’ll also touch on Deloitte’s 2018 MHI Annual Industry Report, which discusses trends of next-generation supply chains, and the tools most leaders believe will disrupt the industry. Automation is right at the top of the list.
By some estimates, procurement costs make up 60-80% of production costs for many manufacturers. Suppliers not only contribute to product innovation, they also help manufacturers achieve more effective production processes. Given the high dollar value associated with procurement, it comes as no surprise that better supplier performance management is an improvement opportunity that could deliver millions in savings for many supply chains.
Continue Reading “6 Strategies to Improve Supplier Performance”
When are parts not just parts? Recently, LeanDNA was featured as a best-of-breed solution to consider for augmenting direct material processes as part of a call for improvement in supply chains by Lora Cecere, lead analyst at Supply Chain Insights. Below are highlights from the article, or read the full article at Supply Chain Insights.
Continue Reading “LeanDNA in the News: Supply Chain Insights on Spending Time Where it Counts in Supply Chain”