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The Evolution From EAM To Asset Performance Management

Posted by Harriet Schneider on Jul 1, 2021 9:52:34 AM

Regardless of size or industry, asset-intensive organizations are always looking to do more with less. For a food and beverage manufacturer that means finding ways to extend asset life to minimize costs, improve food and worker safety and reduce waste while performing the right maintenance on the right equipment, at the right moment to avoid downtime.

Some businesses have been making do and getting by with asset management strategies that sell them short, driving up the cost of maintenance labor and materials and increasing the risk that critical assets will be down when they’re most urgently needed. The scene has been shifting over the past several years, with Enterprise Asset Management (EAM) offering greater visibility and sophistication for maintenance operations.

But business rarely sits still for very long. And with the rapid rise of Industry 4.0, it’s essential for asset management to keep up. Maintenance 4.0 is the set of tools and strategies that is helping food and beverage companies optimize operations by deploying the mountains of data now available to keep equipment and production lines in peak operating condition. Infor’s Best Practice Guide, “Why your EAM strategy must evolve to increase food safety,” explains how it works and lays out the five essential components of an Asset Performance Management (APM) platform.

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Topics: ERP, Distribution, Supply Chain, Warehouse Management Systems, Supply Chain Network, Cloud BI, Enterprise Asset Management, Enterprise Software, WMS

Moving Your Warehouse From Cost Center To Competitive Differentiator

Posted by Harriet Schneider on Jun 24, 2021 1:46:36 PM

Many organizations tend to view warehouse operations as cost center due to the labor, equipment, and physical inventory. However, with business models rapidly changing through e-commerce, omni-channel, curbside pickup, 3D printing, and more, warehouse operations empower a company to gain a competitive advantage by ensuring customer loyalty and brand excellence stays intact as products enter the last mile.

Common warehousing challenges

Warehouse directors understand the challenges most, if not all distribution centers manage. These challenges cover a wide range of issues which include picking optimization, inventory management, operational strategy, employee management, returns, and much, much more.

Picking challenges

For example, a large amount of productivity is often lost due to insufficient item master data. Without the proper item and location slotting for concepts such as seasonality, promotional activities, and sales projections, poor inventory placement across the warehouse can result in increased costs and reduced productivity.

Furthermore, many companies lack visibility into inventory quantity and location accuracy due to a heavy reliance on spreadsheets, pick sheets, the absence of cycle counts, capacity constraints, or a lack of digital monitoring all together. No visibility into inventory quantities or throughput can result in declining fulfillment rates, stockouts & backorders, decreased service levels, and waning customer loyalty and sales opportunities.

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Topics: ERP, Distribution, Supply Chain, Warehouse Management Systems, Supply Chain Network, Cloud BI, Enterprise Asset Management, Enterprise Software, WMS

Urgency For Collaborative SCN Increases For Automotive Manufacturers

Posted by Harriet Schneider on Jun 18, 2021 2:41:22 AM

Automotive manufacturers and their suppliers continue to increase their collaboration in various ways, whether this be through robotic process automation (RPA), data collection and exchange, or other methods that provide insights for scalability. With true, multi-enterprise collaboration, there are cross-training opportunities to convey customer needs and preferences for product innovation, giving manufacturers the ability to make rapid adjustments in real time. Collaborative behavior makes this happen, and it all starts with transparency.

However, building real trust, collaboration, and transparency goes beyond using a specific technology or workflow. At its core, this is about changing the culture of automotive OEMs and throughout their suppliers at every tier. Automotive companies who are true leaders in the industry consider the health of the entire supply network, not just their immediate interests. Making this change—as with almost all substantive transformations—requires change be from the top executive level down.

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Topics: ERP, Manufacturing, Distribution, Supply Chain, Supply Chain Visibility, Supply Chain Network, Industrial Manufacturing, Cloud BI, Enterprise Asset Management, Enterprise Software, Supply Chain Operations, Supply Chain Management, Infor CloudSuite M3, Infor CloudSuite ERP

Overcoming The Challenges Of Managing Global Freight

Posted by Harriet Schneider on Jun 11, 2021 3:50:34 AM

Managing global freight and ocean container movement now requires more dedicated insight as companies have expanded internationally. And no event outside of COVID-19 has exposed just how extensive, yet fragile, logistics networks and capacity flows have become over the last several decades.

To adapt, some manufacturers have adopted progressive supply chain approaches that move away from "lean models to more flexible ones like "sense and respond." But not all businesses have successfully met the challenges.

Globalization forces supply chains to consider all events from regional holidays and ocean weather patterns to geo-political turmoil and currency fluctuations. The year 2020 introduced yet another element: navigating a global pandemic.

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Topics: ERP, Distribution, Supply Chain, Supply Chain Visibility, Supply Chain Network, Cloud BI, Enterprise Asset Management, Enterprise Software, Supply Chain Operations, Supply Chain Management, Infor CloudSuite M3, Infor CloudSuite ERP

What Food And Beverage Manufacturers Can Expect From APM

Posted by Harriet Schneider on Jun 3, 2021 9:49:54 AM

It’s a moment of enormous opportunity, with Industry 4.0 transforming the way businesses collect, process, and deploy data, and Maintenance 4.0 applying those tools and techniques to revolutionize asset management.

A strategic approach to Asset Performance Management (APM) helps you keep critical equipment and production lines up and running, using the mountains of operational data now available to help you track equipment performance, anticipate the need for maintenance, and prevent breakdowns before they occur. But even in steady economic times, and certainly in the midst of a global pandemic, the decision to embrace the new technology will always be guided by the bottom line: Will the cost of the new system be justified by the efficiencies and cost savings it delivers?

Infor’s Best Practice Guide, “Why your EAM strategy must evolve to increase food safety,” focuses on five specific, tangible benefits of APM, to help you make an informed decision on an approach that will soon be the price of entry for successful business operations in the 21st century.

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Topics: ERP, Food & Beverage, Distribution, Supply Chain, Supply Chain Visibility, Supply Chain Network, Food Technology, Cloud BI, CloudSuite Food & Beverage, Enterprise Asset Management, Enterprise Software, Infor CloudSuite M3, Infor CloudSuite ERP

Building Trust And Visibility Across The Automotive Supply Chain

Posted by Harriet Schneider on May 27, 2021 8:35:25 AM

Disruptions to the supply chain

If any event reveals the need for resilient supply chains, it’s COVID-19. The disruptions shook every industry, including automobile. Early 2020 forecasts projected a significant drop in new vehicle sales, but ultimately turned out much better with only a 15% reduction from the total 2019 sales.

It’s no surprise the pandemic has prompted several automotive companies to embrace new supply chain strategies that allowed them to recover quickly while also setting them up for future growth. Many automotive companies stood up crisis teams and control towers to improve visibility and maintain profitability, which in turn developed into an advanced strategy around predictive risk management and multi tier supplier collaboration.

Even with the automotive industry embracing new supply chain practices, another disruption has risen in the semiconductor chip shortage. With modern vehicles often containing thousands of semiconductors, this crisis underscores another dimension of supply chain risk exposure and highlights the critical need to collaborate with multi tier partners for globally limited supplies.

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Topics: ERP, Distribution, Supply Chain, Supply Chain Visibility, Supply Chain Network, Cloud BI, Enterprise Asset Management, Enterprise Software, Supply Chain Operations, Supply Chain Management, Infor CloudSuite M3, Infor CloudSuite ERP

Why Transition To The Cloud? Why Now?

Posted by Harriet Schneider on May 20, 2021 8:18:22 AM

The world has changed dramatically since March 2020. Supply chain models and concepts that we took for granted have been stretched, and in some cases, broken. New business models, new market opportunities, and new ways of working have emerged. As has been said by many, the world will never be quite the same. A recent report by McKinsey, “The future of work after COVID-19,” highlights that e-commerce has grown 2 to 5 times faster than before the pandemic, and that about 20% to 25% of the workforces in advanced economies could work from home between 3 and 5 days per week without a loss in productivity.

So, what is your company’s strategy for the future? Has your business model changed or evolved? Have your employee work patterns, procedures, and expectations changed? Have agility and innovation become more important? While many businesses are wrestling with these and other strategic questions, the important situation to avoid is the old, “Alice in Wonderland” scenario:

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Topics: ERP, Distribution, Supply Chain, Supply Chain Network, Cloud BI, Enterprise Asset Management, Enterprise Software, Infor CloudSuite M3, Infor CloudSuite ERP

Gain Confidence With Cloud-Based Warehouse Management

Posted by Harriet Schneider on May 13, 2021 10:55:25 AM

When companies rely on a dated warehouse management system (WMS) to run their distribution centers, it’s not uncommon with the IT staff familiar with the system to move on. Unfortunately, this leaves the company without an in-house expert to manage issues as they arise. Plus, if the original vendor is no longer supporting that version of the system, it can be incredibly difficult to get the system back up and running.

Over time, each organization builds the distribution ecosystem that uniquely addresses its needs. The challenge emerges when only a handful of people understand how to manage and maintain that system successfully and perhaps only one individual truly understands the complete picture. With a mission critical WMS and corresponding data at the very core of the business, any scenario that puts it at risk is can be detrimental to getting products out the door.

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Topics: ERP, Distribution, Supply Chain, Warehouse Management Systems, Supply Chain Network, Cloud BI, Enterprise Asset Management, Enterprise Software, WMS

Eight Ways Birst Makes Marketing Attribution Clear And Simple

Posted by Harriet Schneider on Dec 17, 2019 8:00:00 AM

With the rise of new digital marketing channels (such as search, display, mobile, and social media) as well as the continuing popularity of traditional marketing channels (including email marketing, direct mail, events, telemarketing, and more), today's marketer has plenty of ways to engage with customers. However, after purchasing a crazy amount of software and paying for expensive consultants to build multi-channel, multi-touch campaigns, one question remains: "where's the return on investment?"

Many marketers want to investigate their cross-channel efforts. However, they often use one tracking system for search, one for display, another for email marketing, yet another for social media, and the list goes on.

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Topics: Business Intelligence, BI, Cloud BI, Networked BI

How Being In Control Of Your Data Is The Key To Sales Success

Posted by Harriet Schneider on Nov 19, 2019 8:00:00 AM

One of the common pushbacks with the use of analytics relates to the perceived ubiquity of imperfect data. This sentiment should be familiar to many: "We can't properly analyze and make decisions until we have corrected the quality issues in the data." Unfortunately, analytics must often be based on incomplete or "dirty" data. The first step in dealing with this reality is to understand and accept that information will likely never be perfect.

Sales professionals rely on an array of different criteria to be successful: strong personal skills, a good product, reliable technology, and efficient processes. To help sales reps be more effective, organizations have made huge investments in customer relationship management (CRM) systems and other technologies.

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Topics: Business Intelligence, BI, Cloud BI, Networked BI

About ICCG

Welcome to our Blog - ICCG Insights!

Embracing thought leadership as a pathway for growth, represents the true spirit of progressive change that will make a difference in technology-driven industries. As a consulting company, ICCG customers look to us as their value-added resource. They expect us to be proactive about solving their immediate challenges and we don’t take that responsibility lightly. It is this that drives us to share our best practices, knowledge-base, years of experience, and tried and true methodologies. These have been the hallmarks of our corporate brand.

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