Manufacturing Insights' Report Provides Tips To Improve Supply Chain Management

FRAMINGHAM, Mass.—(BUSINESS WIRE)—March 27, 2006— A new report by Manufacturing Insights, an IDC company, examines the specific needs for intelligent supply chains and offers specific recommendations for businesses to get the most out of supply chain management. This Manufacturing Insights' analysis also introduces businesses to its Information Technology (IT) and Supply Chain Economics(TM) framework, designed to help businesses go beyond traditional planning and business intelligence applications to improve business processes and increase profitability.

"Manufacturing firms use only a small percentage of the potential value from the information they collect, organize and syndicate," says Bob Ferrari, director of supply chain strategies at Manufacturing Insights and author of this report. "We look at the broader potential for this information to be shared across functional and organizational boundaries and find that improving the return on information employed requires a holistic view of company performance, which we call IT Economics."

In this report, Manufacturing Insights utilizes its IT Economics framework as well as its unique approach to benchmarking supply chain capability to identify best practices from some of the most successful (and profitable) companies in the industry. The report also reveals specific actions for businesses to establish more intelligent decision making models in supply chain processes, including:

-- Achieve top-management and active support to improve overall supply chain decision making

-- Establish an action team of company stakeholders to identify objectives for intelligent decision making

-- Enhance supply chain benchmarking initiatives by studying best-in-class companies

Ferrari adds, "Competitiveness and profitability will reside with those companies demonstrating a more intelligent supply chain strategy that can predict or anticipate customer demands, and leverage all forms of information and quicker decision-making as a substitute for inventory and cost."

Additional recommendations and findings can be found in this report entitled "Intelligent Decision Models: Getting the Most Out of Supply Chain Management" (Document # MI10172), available at http://www.manufacturing-insights.com.

About Manufacturing Insights, An IDC Company

Manufacturing Insights, an IDC Company, provides business and IT decision-makers with fact-based research and analysis to inform and support critical business decisions. The global independent research and advisory firm closely follows processes associated with the design, development and distribution of goods across markets including Discrete Manufacturing, Process Manufacturing, High Tech/Electronics Manufacturing, Consumer Packaged Goods and Retail. Manufacturing Insights' research and analysis is critical for end-users, as well as hardware and software vendors, service providers, and purveyors of IT outsourcing. Founded in January 2005, Manufacturing Insights is headquartered in Framingham, Mass.

Visit http://www.manufacturing-insights.com for more information.

IDC is a subsidiary of IDG, the world's leading IT media, research and exposition company.



Contact:
Manufacturing Insights, An IDC Company
Lori Piscatelli Scanlon, 508-935-4376 (office)
774-217-1330 (mobile)

Email Contact
or
Paul St. John, 508-935-4760 (office)

Email Contact



Review Article Be the first to review this article
Featured Video
Jobs
Estimator / Bidder for Rulon International at Saint Augustine, FL
Upcoming Events
EMO Hannover 2017 at Hannover Germany - Sep 18 - 23, 2017
The 30th Annual Integrated Process Excellence Symposium & Training at Wyndham Grand Bonnet Creek Resort Orlando FL - Sep 18 - 20, 2017
Additive Manufacturing Conference 2017 at Knoxville Convention Center 701 Henley Street Knoxville TN - Oct 10 - 12, 2017
FABTECH 2017 at McCormick Place Chicago IL - Nov 6 - 9, 2017



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise