Digitization and Automatization is here to stay.
Martin O'Malley
Company Strategy, Innovation, Kaizen, Lean Six Sigma, People Development, Executive Systemic Coach, Process Improvement
Digitization and Automatization is here to stay. It is only a matter of time until everyone realizes that the start of I 4.0 has already happened. The current challenge is not whether to get involved or not, however how to do it smartly and not spend large budgets with little or no ROI.
?? Recently we have been working on digitization the Supply Chain functions of Planning and Purchasing where by taking historical data we can better predict what the correct order Quantity and Safety stock is required thus optimizing inventory levels while maintaining or even improving service levels to the customer.
?? While not all commodities and part numbers will be managed by such a system, ABC and XYZ analysis allows us to select the top priorities to "Automate". This frees up the time of the planner and purchaser to focus their skills and times on the part numbers that deserve their attention.
How about your planners and purchases - are they the hardest working and yet most challenged function in your organisation?
Managing Director at Harty Virtual HR
3 年Thanks for sharing Martin. A very concise piece of writing
Thanks for sharing, Martin and fully agree! The right application of smart systems and tools as part of an integrated approach will leverage operational results to the next level.