Look at Manufacturing through the Prism of Information
A data-driven value chain and automated processes help manufacturers mitigate operational risks across the global supply chain. Significantly, uninterrupted flow of information ensures prompt response to demand, while maintaining low inventory.
In a two-part series published at Manufacturing.net, our experts discuss how manufacturing units can boost customer satisfaction and margins -
- High inventory turn rate: Optimize processes based on bottleneck throughput, select transportation management systems that ensure buffer stock, and delay the use of production components.
- Flexible pricing mechanism: Adopt a holistic solution to implement price control, manage promotions, effect risk-based post-shipment price adjustments, transfer exchange rate risk to customers, and process claims accurately.
- Information bridge: Streamline stakeholder networks for collaborative planning, forecasting and replenishment. In addition, implement real-time data models to schedule production, track consumption and reconcile bank statements.
Part 1
Part 2
Published with permission of Manufacturing.net
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