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 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. Moreover, 2020 introduced yet another element: navigating a global pandemic.
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
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.
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
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:
Topics: ERP, Distribution, Supply Chain, Supply Chain Network, Cloud BI, Enterprise Asset Management, Enterprise Software, Infor CloudSuite M3, Infor CloudSuite ERP
Cloud technology in the hospitality industry is changing the way that hotels, resorts, and gaming organizations serve guests. The deciding factor to success is in how simple it is for a guest to get what they want from a hotel via their own personal devices even before they arrive at a location. Essential mobile-based technology enables them to book a room, to set arrival times, to upgrade a room, add services, and more, all without necessarily having to make contact with staff.
That call for contactless solutions delivered via cloud PMS is a priority for the industry right now. This is for convenience reasons. Yet it also has social implications in an era of maintaining distance and limiting contact. How do cloud-based solutions make that easier than legacy on-premises solutions? Let’s take a look at some of the details.
Topics: ERP, Food & Beverage, Distribution, Supply Chain, Supply Chain Visibility, digital disruption, Enterprise Resource Planning, Food Technology, CloudSuite Food & Beverage, Enterprise Software, Retail Supply Chain, Supply Chain Operations, Infor CloudSuite M3, Infor CloudSuite ERP
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.
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
As the manufacturing world continues to evolve to meet new challenges, there’s a step-change in innovation for the products and services that are delivered and supported. Many industry insiders are expressing the need for a focus on driving sustainable (and profitable) business growth. Deloitte suggests digital investment and supply chain resilience as the key pillars. Partnerships are also increasingly important to achieving sustainable business growth, whether that’s upstream or downstream within your supply chain or enabling partners such as application and technology providers.
In all of those partnering scenarios, it’s important to have a common understanding of your desired outcomes, so you can ensure you’re all speaking the same language, which helps shorten the time to value. Manufacturing is shifting towards industry-specific applications and these applications are now nearly always delivered in the cloud to maximize adoption, flexibility, availability, and security, as well as reducing through-life cost of ownership. In fact, Gartner forecasts end-user public cloud spending to grow by 18% through 2021.
Topics: ERP, Manufacturing, Distribution, Process Manufacturing, Supply Chain, Supply Chain Visibility, Supply Chain Network, Industrial Manufacturing, Digital Manufacturing, Cloud BI, Enterprise Asset Management, Enterprise Software, Infor CloudSuite M3, Infor CloudSuite ERP
When extreme levels of disruption occur, supply chains immediately launch a survival strategy that tends be focused solely on the enterprise, leaving upstream and downstream trading partners to fend for themselves. Whether scrambling to enable remote work opportunities, implement flexible or staggered labor scheduling, or launch multiple capital preservation strategies, organizations have begun employing a variety of strategies to protect their supply chains and weather the storm.
To ensure the health of the overall supply chain network, the urgency to digitize processes and documents that allow both data and capital to be unlocked has become more prevalent than ever—particularly when a complex number of parties, systems, and document across geographical regions and time zones are involved.
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
Judging by the headlines, continuous logistics issues, continued pandemic restrictions, and rising prices for raw materials will mean that manufacturers have their work cut out for 2022. In addition, the drive towards sustainability is adding pressure to readjust the manufacturing footprint. Most manufacturers are still stuck with a geographic footprint, which was driven by labor arbitrage around the globe, rather than by factors such as closeness to customers or ecological concerns.
To increase efficiency, many producers have started to implement Industry 4.0 technologies. Industry 4.0 came with the promise of a smart factory being profitable at the production lot size of one unit. The concept was introduced at the brink of the millennium change with the introduction of cyber-physical systems to share, analyze and guide intelligent actions for various processes in the industry to make the machines smarter and to lower downtime. Analytics can also be used for other aspects like logistics, demand forecasts, production scheduling and quality control, capacity utilization and efficiency boosting.
But we still stand at the beginning for leveraging the true potential of Industry 4.0. Smart technologies offer no less than the possibility to redesign the global manufacturing footprint, to position factories closer to markets, reduce logistics nightmares and increase visibility of the ecosystem partners, including suppliers and customers.
Topics: ERP, Manufacturing, Industrial Manufacturing, CloudSuite Industrial, Digital Manufacturing, Industry 4.0, Industrial Revolution, Infor Cloudsuite Industrial, CloudSuite Equipment, Infor CloudSuite ERP
1.Critical system failure
Your ERP system crashes in the middle of the night and you are not aware of it until the next morning. Restart and recovery will take several hours, causing a significant loss of revenue.
IT personnel determine that the system crash was due to the failure of an of an aging server with insufficient capacity to handle an ever-increasing amount of transactional data. The CIO refuses to allocate more funds to the outdated and poor performing ERP system infrastructure and charges you with finding a cost-effective solution that will minimize the chances of future system failures.
Topics: Enterprise Resource Planning, Business Intelligence, Enterprise Software, Business Processes, Infor CloudSuite ERP
Improve business productivity and agility
Modern enterprise resource planning (ERP) systems are helping businesses around the globe—including your competitors—revolutionize their operations. Distributors of all sizes are adopting technology that is designed to better manage business processes on an integrated and real-time basis. Technologically advanced ERP systems are an investment in your company’s operations, efficiency, intelligence, and productivity. Every feature of a modern ERP system ultimately ties back to these improvements, which enable your organization to become more productive, more competitive, and better positioned to meet your customers’ needs.
As these business systems evolved, they met the needs of their times, but their functionality was directly limited by the available technology. Today’s ERP systems might be better called digital operations platforms (DOP) to reflect their agile, artificial intelligence (AI)-based, and experience-driven nature, as well as the critical role they play in cloud-based, digital businesses.
Technology advances have transformed what an ERP (aka DOP) can do for your organization. Modern ERP systems provide a live view into what is happening and how it impacts your business today, as well as in the months and years to come. This helps you to focus on the future instead of the past.
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