Last year IBM came out with the statistic we create 2.5 quintillion bytes of data daily. In the next few years this number will increase exponentially as companies continue to invest in the "Industrial Internet of Things" (IIoT). Such numbers demonstrate an incredible magnitude of information which can be...
The old business adage “you can’t manage what you don’t measure” has been echoed throughout the halls of organizations for years. Many business metrics programs use this adage as a rallying cry. Once an organization determines what to measure, the next step is how to...
Analytics and big data continue to be the rave to improve supply chain performance. With supply chain data available from so many new disparate sources – from supplier quality to manufacturing to global sustainability – performance can be dramatically improved in corporations if there is...
Food Engineering Benchmark Study: March Issue Breakthrough Manufacturing Benchmarking in the Era of Big Data Operational performance benchmarks take numerous flavors. Some studies build a set of relevant questions and have respondents answer based on how they think their plant is performing. These can be valuable since...
When Bill Gates said that “content is king”, these words embraced the feeling over 20 years ago when the internet took shape. Now we can argue that “CONTEXT is king” as has been widely published. Photo sharing and messaging is all the rage these days...
Several years ago a study by The Advanced Performance Institute entitled 20 Years of Measuring and Managing Business Performance revealed the fact that less than 20% of companies state everyone obtains regular insights (usually using Key Performance Indicators, or KPIs) which improve day-to-day decision making...
Given statistics of use, why would you not want your team to manage their supply chain from a smartphone? The ability to stay informed of real-time events and quickly communicate are becoming more an expectation of professionals - especially in supply chain management. The average attention...
According to a recent report by KPMG, technology platforms that support real time business intelligence is one of the top strategies and tactics to be deployed by manufacturers. The report, entitled Global Manufacturing Outlook: Performance in the crosshairs, is based on a survey of management from...
As we approach holiday shutdowns, it may be a good time to ask some general questions about your supply chain. While we can see much more than 3 questions, here are the three that we have recently seen as top-of-mind by executives: Are we planning or...
We have been involved in several large-scale supply chain visibility projects recently. When we started on these projects, we found an Aberdeen Group Benchmark report from 2006 (!) and felt nostalgic. The industry has been talking about supply chain visibility for 20+ years and we...
