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Why Out-Of-The-Box Data Integration Can Increase Analytics Adoption

Posted by Harriet Schneider on Jul 27, 2021 9:08:29 AM

A critical lesson many organizations have learned when measuring the success of analytics initiatives is that speed of deployment and widespread user adoption are key factors to consider. These are key benefits of analytic applications delivered with or embedded in ERP systems or business applications.

Analytic applications provide pre-built business intelligence (BI) and analytical capabilities that promise to democratize analytics because most of the hard work in transforming data to insights has already been done. However, the historical challenge these applications faced was that they weren’t built with agile cloud technology or modern data architectures that could keep up with the growing complexity, scale, and changing requirements of the line of business (LOB)-driven analytic requirements.

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Topics: ERP, Fashion & Retail, Distribution, Supply Chain, Fashion & Apparel, Supply Chain Visibility, Supply Chain Network, Cloudsuite Fashion & Apparel, Infor CloudSuite PLM for Fashion, Infor CloudSuite Fashion PLM, Enterprise Software, Retail Supply Chain, Infor CloudSuite Fashion, Supply Chain Operations, Supply Chain Management, Infor CloudSuite M3, Infor CloudSuite ERP

4 Reasons An Industry Specific ERP Matters To Wholesale Distributors

Posted by Harriet Schneider on Jul 23, 2021 9:24:40 AM

Why settle for anything less?

Distributors often operate behind the scenes, making sure other businesses have what they need. The projects they support continue because tools, equipment, and supplies are where they needed to be. Patients have procedures because instruments are available. Structures are built because materials are ready. Restaurants can serve customers because food, drinks, plates, and pots are on hand.

Recent events revealed just how critical the distributor’s role is in the supply chain. In reality, it’s extremely complicated to seamlessly move such high volumes of goods. Especially as expectations and behaviors have evolved in the last decade, distributors have had to adapt their solutions, processes, and levels of service.

Historically, many distributors would customize enterprise resource planning solutions to meet their unique requirements. This approach, however, created an unwilling in-house IT cottage industry dedicated to supporting the infrastructure and modifications, instead of strategic initiatives. We see this during evaluations with prospective Infor customers; when distributors compare our CloudSuite solutions to their current footprint, we typically discover that hundreds if not thousands of their current modifications would no longer be needed. Because our solutions are designed for the distribution industry, the best practices those companies require are built in. For example, when HVAC and industrial product distributor, EMCO, moved to CloudSuite Distribution Enterprise, the company removed over 4000 modifications. EMCO no longer needed to maintain customizations and project manage long upgrade initiatives. That fluctuating, unpredictable overhead goes away forever because EMCO’s new mutli-tenant cloud solution is automatically updated monthly. Their technology is always current and always adding new distribution functionality to align with nuances and needs of this industry

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Topics: ERP, Distribution, Supply Chain, Fashion & Apparel, Supply Chain Visibility, Supply Chain Network, digital disruption, Enterprise Software, Retail Supply Chain, Supply Chain Operations, Supply Chain Management, Infor CloudSuite M3, Infor CloudSuite ERP

Driving The Executional Excellence Of The Continuous Supply Chain

Posted by Harriet Schneider on Jul 20, 2021 10:04:23 AM

The ability to execute, seamlessly and in real-time, is critical as your company works to develop a continuous supply chain. Being uniquely capable of connecting multiple facets of this execution -- not just to an order management system but also to TMS for transportation management and WMS for warehouse management will be key components to implementing continuous supply chain execution.

Integrated multi-party source-to-settle process

Sourcing execution or the ability to establish real-time connectivity to suppliers is key. What we are really speaking to here is the need to orchestrate end-to-end physical and financial operations between order management, global trade management, transportation, warehouse, product traceability, and even payables management.

Streamlined manufacturing

Manufacturing execution is focused on streamlining processes, driving better decision making and gaining productivity. Supply chains must optimize and automate the manufacturing process from raw materials and components to finished goods. Having the ability to anticipate and optimize lead times is crucial for downstream improvement.

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Topics: ERP, Fashion & Retail, Distribution, Supply Chain, Fashion & Apparel, Supply Chain Visibility, Supply Chain Network, Cloudsuite Fashion & Apparel, Infor CloudSuite PLM for Fashion, Infor CloudSuite Fashion PLM, Enterprise Software, Retail Supply Chain, Infor CloudSuite Fashion, Supply Chain Operations, Supply Chain Management, Infor CloudSuite M3, Infor CloudSuite ERP

The Outcomes from Instituting an Asset Investment Plan

Posted by Harriet Schneider on Jul 16, 2021 8:13:54 AM

Asset Investment Planning enables your asset-intensive organization to determine which asset investments will enable you to best meet your service level objectives with the right level of expenditure while minimizing the risk of asset failure. An API can also help you determine the best time to invest in order to smooth your capital expenditures over time.

Modern AIP solutions simplify the process of developing asset investment plans by allowing you to leverage the data that is already in your asset registry in your enterprise asset management (EAM) to tell you what assets your organization has, your work management system that manages maintenance operations, and your asset performance management (APM) system that monitors asset condition reliability.

You use that data to quantify four key inputs: Asset condition, asset criticality, business risk, and level of service. Asset condition allows you to visualize deterioration over the asset’s lifetime and establish where intervention is necessary. Asset criticality determines the impact the failure of an individual asset will have on your organization’s ability to realize your business objectives. Business risk determines the consequences of asset failure. Level of service required enables your organization to operationalize your organization’s policies, strategies and objectives, tie those to KPIs and then link that to level of service requirements.

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

Enhancing Your Planning Capabilities To Enable Continuous Supply Chain

Posted by Harriet Schneider on Jul 14, 2021 3:00:53 PM

The future of planning is connected, intelligent, and continuous. Yet many companies remain so far away from this vision, it often seems unachievable. With many planning processes being so siloed and disconnected from execution, they can feel ineffective.

Fortunately, evaluations of the planning landscape reveal many organizations are adopting technologies that move towards a de-siloed, network-based approach to planning. For these companies, the primary goal centers around connecting planning capabilities to “a single version of the truth.” To optimize planning capabilities, it crucial to achieve this connection at the enterprise level as well as into the broader supply network.

But to do this involves using integrated business planning (IBP) or sales and operations planning (S&OP) to collaborate and analyze, perform demand planning to improve forecasting, optimize supply planning, and facilitate synchronization. Each of these areas are critical to a successful planning process and are more powerful when integrated and connected across a network.

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Topics: ERP, Fashion & Retail, Distribution, Supply Chain, Fashion & Apparel, Supply Chain Visibility, Supply Chain Network, Cloudsuite Fashion & Apparel, Infor CloudSuite PLM for Fashion, Infor CloudSuite Fashion PLM, Enterprise Software, Retail Supply Chain, Infor CloudSuite Fashion, Supply Chain Operations, Supply Chain Management, Infor CloudSuite M3, Infor CloudSuite ERP

If You Have A Supply Chain Finance Program In Place, It’s Not Enough.

Posted by Harriet Schneider on Jul 8, 2021 7:10:07 AM

An estimated $350 billion of invoices are typically involved in supply chain finance programs. Known as "reverse factoring," this process assists suppliers in obtaining the capital needed to keep supply chains humming, as described by Aite Group. Opposed to traditional receivables financing or factoring, reverse factoring is driven by the buyer and its relationship to a bank or finance provider, with capital being made available to suppliers based on the relationship parameters.

Banks are happy to step in, within specific jurisdictions and credit profiles. Research firm Coalition reports that banks logged approximately $12.7 billion in revenue in the first half of 2020 via total supply chain finance volumes. However, limitations are significant, and often times, the suppliers that need financing the most are excluded from such programs.

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Topics: ERP, Fashion & Retail, Distribution, Supply Chain, Fashion & Apparel, Supply Chain Visibility, Supply Chain Network, Cloudsuite Fashion & Apparel, Infor CloudSuite PLM for Fashion, Infor CloudSuite Fashion PLM, Enterprise Software, Retail Supply Chain, Infor CloudSuite Fashion, Supply Chain Operations, Supply Chain Management, Infor CloudSuite M3, Infor CloudSuite ERP

Achieving Supply Chain Excellence And Network Collaboration

Posted by Harriet Schneider on Jul 6, 2021 3:17:56 PM

As fashion organizations grow to introduce new products or clothing lines, acquire other companies, shift priorities, and change channels to market, key stakeholders can be left out of the conversation. A networked approach to running your company can solve these problems. Collaborative networks work because they engage internal and external partners, workers, and stakeholders, helping to incentivize and execute supply chain processes more effectively than ever before.

New insights will continue to emerge as consumer behaviors shift and production opportunities evolve, but a continuously synchronized and updated network can keep you agile from sketch to store by making critical information accessible to colleagues, organizations, suppliers, and customers. Collaborative networks work to improve customer service, maximize margins, and minimize loss attributed to miscommunications such as missed inventory targets, downtime, spoilage, and other challenges. 

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Topics: ERP, Fashion & Retail, Distribution, Supply Chain, Fashion & Apparel, Supply Chain Visibility, Supply Chain Network, Cloudsuite Fashion & Apparel, Infor CloudSuite PLM for Fashion, Infor CloudSuite Fashion PLM, Enterprise Software, Infor CloudSuite Fashion, Supply Chain Operations, Supply Chain Management, Infor CloudSuite M3, Infor CloudSuite ERP

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

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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