Static to Real-Time KPIs Developing a strategy to migrate from static to real-time KPIs is a journey. We have developed a 5 step process to help companies with this endeavor. Identify your KPIs Take an inventory of KPIs across the business and catalog them. The suggestion is to...
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, though “if you don’t make proper use of data, it’s all but useless” as stated in a related May 2016 Tech.Co post. With supply chain data available from so many new...
During Stanford University’s June 2005 commencement speech, Steve Jobs shared “You can’t connect the dots looking forward; you can only connect them looking backwards.” Though Jobs went on to speak about character providing inspiration to the graduates, this quote can also relate to how we...
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...
Jack Welch envisioned the “boundaryless organization” over 25 years ago, so he initiated Work-Out processes as discussed in this recent 2015 HBR study. With how far technology has advanced since then – why do we still manage by silos? Our supply chain teams are so...
The hype is over – better use of analytics in a company’s supply chain yield immediate results, period. “Companies that embed analytics in their day-to-day supply chain operations generate more significant and far-reaching benefits than those that use big data analytics on an ad-hoc basis…”...
Given statistics of use, why would you not want your team to manage their supply chain from a smartphone? First consider a few key facts: According to a recent Pew Research Center poll, "a majority of smartphone owners use their phone to follow along with breaking...
According to a recent report by , technology platforms that support real time business intelligence is one of the top strategies and tactics to be deployed by manufacturers. The report, entitled , is based on a survey of management from 460 large global manufacturing organizations. According to...
