On his popular TV show “The Profit,” entrepreneur Marcus Lemonis repeats this mantra frequently: successful businesses are built on the three P’s; people, product, and process. The concept has its origins in lean manufacturing, but it has since taken hold across a broader spectrum of industries.
Even if you live in a cave, chances are you haven’t missed the noise around ‘Supply Chain Visibility.’ The terms are many: “Control Tower”, “Operational Intelligence”, “Situation Room”, “Supply Chain Cockpit”, “Predictive ETA”, and so on. From software vendors to analysts to users, each group has coined its own terminology.
Since the advent of BI, organizations of all sizes have pushed to broaden their spectrum of analytical insights. Of course, a key motivator for this effort was to improve operational efficiency. In many organizations, these efforts did not deliver to the management’s expectation. The root causes for the failure in most cases are information latency and lack of cross-functional linkage.
Sunnyvale, CA. – October 20, 2015 – OpsVeda announced that their CEO Sanjiv Gupta will be speaking at the SAP Retail Forum 2015 at Eden Roc, Miami, FL. The forum is an annual event that showcases market leading practices and technologies for the retail industry. This year the focus is on digital customer journeys and the consequent need to rethink operations.
Apparel Footwear and Retail Companies execute in the backdrop of a fragmented supply chain, volatile demand patterns, and shifts to shorter seasons. These trends together with traditional operational challenges of SKU combinations (style-color-size), large order volumes, and customer specific shipping requirements have made day to day operations incredibly cumbersome. Complex, time critical, business decisions are still being made on stale spreadsheets.