The manufacturing industry must focus on knowledge retention and sharing to deal with retirement of its knowledge workers, according to David P. Spencer, Vice President, Discrete Manufacturing, Infosys, in an article in Manufacturing Business Technology.
High Tech companies are moving beyond addressing global markets and are expanding focus to include consumer-oriented businesses. Demand shaping, if practiced proactively by these companies, can help shift from passive / reactive to an active / predictive demand management. Such a shift will enable companies to sense demand and influence it, manage demand in uncertain times and focus on innovation for an early mover advantage with short product life cycles.
Supply & Demand Chain Executive
Infosys helps a global electronics company deliver products to customers through better visibility into its suppliers’ network and smart adoption of technology. AMR Research highlights how Infosys developed a collaboration methodology for inventory management, product fulfillment and replenishment for it.
Globalization has created a massive increase in the complexity of supply chains. Companies are vigorously revisiting their supply chain strategies to achieve the desired business objectives.
Supply & Demand Chain Executive
The continuing competitiveness of global enterprises will depend on their ability to evolve their supply chains into highly flexible, globally scalable competitive forces. For this they will have to invest in processes and technologies that enhance three key characteristics - visibility, co-ordination and responsiveness - to shrink their supply chains.
Demand shaping may become an integral part of sales and operations planning. While companies use forecasting to plan for customer demand, they should use demand shaping to reduce the gap between their expectations and actual customer demand.
EE Times, Electronics Supply and Management
Changes ahead may be attributed to changing demand patterns, market conditions and the fast erosion of the distributor's margin compounded by the shortening life cycle of products and components.
Electronics Supply & Manufacturing
Given heightened product innovation challenges and the need to optimize global workforces, IT organizations must consider the improvement opportunities available to them by using lean change methodologies.
Manufacturing Business Technology
Flat world has emerged as the mantra by which businesses are getting redefined. The forces of globalization and ever flattening world are exerting renewed pressure on global supply chains. Its time that organisations counter supply chain disruptions by building solid 'sense and respond' capabilities.