Mauly Chandra’s Post

Which strategies do you adopt to avoid cost pressure? Do you know the most effective strategies to avoid cost pressures?   Finished goods & raw material prices are market driven.  Manufacturers have no control over it and it creates a cost pressure on organizations.   🔶 To avoid the cost pressure, manufacturer must focus on Operational Excellence 🔶   Manufacturers must focus on various strategies such as supply chain, quality, process efficiency, machine availability etc to create cost efficiency & differentiation.   Here are the four Building Blocks of Operations Excellence:   ✅Strategy Deployment:  - It means aligning organization objectives with specific actions at every level - This ensures everyone understands their respective role in achieving overall strategic goals.   ✅Performance Management: - It involves processes and systems used to set, monitor, assess performance of individuals, teams and organization   - This provides framework for continuous improvement.   ✅Process Excellence: - It focuses on systematic improvement of operations. - It involves identifying bottlenecks and optimizing business processes  - This will lead to increased efficiency, quality, and customer satisfaction.   ✅High Performance Work Teams: - It involves motivating teams to collaborate efficiently, communicate effectively and aim to achieve great results. - This is instrumental in driving organizational success.   🔶 ERP is an excellent tool to implement and practice operation excellence.  You can use ERP to rollout your strategy, collect the data, measure it and carry out course correction.   #cost  #costs  #risingcosts  #costpressure #costefficiency   #costmanagement   #costoptimization  #costcontrol  #costreduction  #costsavings  #costeffective  #manufacturing  #manufacturingindustry #manufacturingoperations  #manufacturingcost #erp  #erpsoftware  #erpsolutions  #manufacturingerp  #operationalexcellence  #operationalefficiency  #quality  #supplychain  #processimprovement  #processefficiency

Which strategies do you adopt to avoid cost pressure? Do you know the most effective strategies to avoid cost pressures? Finished goods & raw material prices are market driven.  Manufacturers have no control over it and it creates a cost pressure on organizations. 🔶 To avoid the cost pressure, manufacturer must focus on Operational Excellence 🔶 Manufacturers must focus on various strategies such as supply chain, quality, process efficiency, machine availability etc to create cost efficiency & differentiation. Here are the four Building Blocks of Operations Excellence: ✅Strategy Deployment:  - It means aligning organization objectives with specific actions at every level - This ensures everyone understands their respective role in achieving overall strategic goals. ✅Performance Management: - It involves processes and systems used to set, monitor, assess performance of individuals, teams and organization   - This provides framework for continuous improvement. ✅Process Excellence: - It focuses on systematic improvement of operations. - It involves identifying bottlenecks and optimizing business processes  - This will lead to increased efficiency, quality, and customer satisfaction. ✅High Performance Work Teams: - It involves motivating teams to collaborate efficiently, communicate effectively and aim to achieve great results. - This is instrumental in driving organizational success. 🔶 ERP is an excellent tool to implement and practice operation excellence.  You can use ERP to rollout your strategy, collect the data, measure it and carry out course correction. #cost  #costs  #risingcosts  #costpressure #costefficiency   #costmanagement   #costoptimization  #costcontrol  #costreduction  #costsavings  #costeffective  #manufacturing  #manufacturingindustry #manufacturingoperations  #manufacturingcost #erp  #erpsoftware  #erpsolutions  #manufacturingerp  #operationalexcellence  #operationalefficiency  #quality  #supplychain  #processimprovement  #processefficiency

Which strategies do you adopt to avoid cost pressure? Do you know the most effective strategies to avoid cost pressures?   Finished goods & raw material prices are market driven.  Manufacturers have no control over it and this creates a cost pressure on organizations.   🔶 To avoid cost pressure, manufacturer must focus on Operational Excellence 🔶   Manufacturers must focus on various strategies such as supply chain, quality, process efficiency, machine availability etc to create cost efficiency & differentiation.   Here are the four Building Blocks of Operations Excellence:   ✅Strategy Deployment:  - It means aligning organization objectives with specific actions at every level - This ensures everyone understands their respective role in achieving overall strategic goals.   ✅Performance Management: - It involves processes and systems used to set, monitor, assess performance of individuals, teams and organization   - This provides framework for continuous improvement.   ✅Process Excellence: - It focuses on systematic improvement of operations. - It involves identifying bottlenecks and optimizing business processes  - This will lead to increased efficiency, quality, and customer satisfaction.   ✅High Performance Work Teams: - It involves motivating teams to collaborate efficiently, communicate effectively and aim to achieve great results. - This is instrumental in driving organizational success.   🔶 ERP is an excellent tool to implement and practice operation excellence.  You can use ERP to rollout your strategy, collect the data, measure it and carry out course correction.   #cost  #costs  #risingcosts  #costpressure #costefficiency   #costmanagement   #costoptimization  #costcontrol  #costreduction  #costsavings  #costeffective  #manufacturing  #manufacturingindustry #manufacturingoperations  #manufacturingcost #erp  #erpsoftware  #erpsolutions  #manufacturingerp  #operationalexcellence  #operationalefficiency  #quality  #supplychain  #processimprovement  #processefficiency

For manufacturers, efficiency, agility, and foresight are not merely desirable traits – they are prerequisites for sustainable success. In the face of cutthroat competition and rapid technological advancements, businesses cannot afford to rely solely on intuition or outdated methodologies when planning for the future. However, a well-implemented ERP can deliver the business intelligence (BI) that you need to stay ahead of the game. In this blog post we highlight six Key Performance Indicators (KPIs) that you can track from ERP. https://lnkd.in/e-i_Hky4 #growth #mrp #ukmanufacturing #kpi

Strategic planning, Forecasting and having a dedicated material partner by your side is essential to keeping your aircrafts flying high ✈️✈️

Order Promising: The Backbone of Supply Chain Reliability In today's fast-paced business environment, the ability to make and keep delivery commitments is a cornerstone of customer satisfaction and operational efficiency. This process, known as order promising, plays a pivotal role in supply chain management Order promising is the process of making a delivery commitment by answering the crucial question, "When can you ship?" It involves determining the exact date when a product can be delivered to the customer based on the current inventory, production capacity & supply chain constraints Key Components Uncommitted Material Check: Before promising a delivery date, it's essential to check the availability of uncommitted material. This involves verifying that the necessary raw materials & components are in stock and not already allocated to other orders Capacity Availability: Ensuring that there is sufficient production capacity to fulfill the order is another critical aspect. This involves checking the availability of machines, labor & other resources required for manufacturing the product Master Schedule & Available-to-Promise ATP: The master schedule plays a crucial role in order promising. It provides a comprehensive overview of the production plan including what is already scheduled for production & what capacity is still available. The ATP inventory is the portion of inventory that has not yet been committed to orders & can be used to fulfill new orders Benefits Enhanced Customer Satisfaction: Accurate order promising ensures that customers receive their orders on time, leading to higher satisfaction & repeat busines Improved Inventory Management: By effectively managing uncommitted materials & production capacity, companies can optimize their inventory levels, reducing holding costs & minimizing stockouts Increased Operational Efficiency: A reliable order promising process streamlines operations, reducing the need for last-minute adjustments & enabling smoother production schedule Competitive Advantage: Companies that can consistently deliver on their promises gain a competitive edge in the market, as reliability & punctuality are highly valued by customers Implementation To implement an effective order promising system, organizations should invest in advanced planning & scheduling software that integrates with their existing ERP system. This software should provide real-time visibility into inventory levels, production schedules & supply chain constraints, enabling accurate & timely delivery commitments Furthermore, cross-functional collaboration is essential. Sales, production & SCM teams must work together to ensure that order promising decisions are based on accurate & up-to-date information #SupplyChain #OrderPromising #CustomerSatisfaction #OperationalEfficiency #InventoryManagement #ERP #AdvancedPlanning #Manufacturing #ProductionScheduling #CompetitiveAdvantage #BusinessStrategy #SupplyChainOptimization #ATP #MasterSchedule

#Strategies for Implementing Effective Inventory Control 1. #Adopting Technology: Implementing an advanced IMS is crucial for effective inventory control. Systems like Enterprise Resource Planning (ERP) and Warehouse Management Systems (WMS) provide integrated solutions for tracking inventory, forecasting demand, and automating reorder processes. 2. #Training and Development: Investing in training for staff ensures that they understand and effectively use inventory control systems. Regular training updates help in adapting to new technologies and methodologies. 3. #Supplier Relationships: Building strong relationships with suppliers ensures reliability and flexibility. Collaborative planning and shared information can lead to more accurate forecasting and timely deliveries. 4. #Lean Inventory Practices: Adopting lean principles, such as minimizing waste and continuous improvement, can enhance inventory control. Techniques like 5S (Sort, Set in order, Shine, Standardize, Sustain) help maintain an organized and efficient inventory system. 5. #Regular Review and Adaptation: Inventory control is not static. Regular reviews of inventory policies and performance metrics allow businesses to adapt to changing market conditions and internal challenges. Continuous improvement initiatives ensure that inventory control processes remain effective and relevant. In conclusion, effective inventory control is a cornerstone of successful business operations. It balances cost efficiency with customer satisfaction, leveraging technology and strategic planning to optimize inventory levels. By implementing robust inventory control practices, companies can achieve significant improvements in profitability, operational efficiency, and market responsiveness, positioning themselves for sustained success in a competitive business environment.

Are your systems and processes ready for business growth❓   As a manufacturing organization grows, the growth in business activities throws up challenges in all areas of business operations. This can impact the performance & profitability of an organization. Here are some common challenges:   🔶 Higher purchase volume: More items to purchase, more suppliers to discuss with, higher number of purchase orders, more stakeholders to deal with.   🔶 Higher inventory to manage: Material receipt from multiple sources, higher volume of transactions and stock increase the complexity of inventory management.   🔶 Increased Order Value: Increase in business directly put pressure on pre sales activity, order booking, dispatch planning and execution.   🔶 Complex Supply Chain: Complexity of supply chain increases. Manufacturers need to ensure right demand planning, production plan, material availability, logistics etc to avoid disruption.   🔶 Coordination among teams: With increase in teams and operations it is important to share timely and accurate data with team members to ensure smooth operations and avoid hurdles.   🔶 Operational Efficiency: As organization grows processes that worked well earlier may become less effective. Streamlining workflows, optimizing production process, managing supply chain effectively become critical to maintain efficiency and avoid bottlenecks.   As manufacturing companies grow, they need to scale their operations smoothly. Having robust systems and processes in place enables them to handle increased production volumes and expand their capabilities without significant disruptions.   An ERP software facilitates setting up standardized system & processes across multiple locations or production lines, ensuring efficiency and productivity when scaling up.    #business #growth #grow #growyourbusiness #growbusiness #growthtips #growingbusiness #manufacturing #manufacturingindustry #erp #erpsoftware #erpsystem #erpsolutions #productivity #systems #processes

Lean improvements centered around manufacturing processes are important for alleviating localized bottlenecks. However, poor planning, scheduling, purchasing, and production control practices can sometimes predominate such that they mask and vastly overshadow those improvements. We augment your team to develop and implement comprehensive lean operating solutions to: 📌 Improve on-time performance 📌 Reduce lead times 📌 Manage order backlogs 📌 Reduce operating costs 📌 Improve visibility to manufacturing capacity 📌 Minimize daily management struggles 👉 Go to our website or to the bottom of the "About" section of my LinkedIn profile to schedule a free no-obligation phone call. #AltemirConsulting #manufacturing #leanmanufacturing #supplychain #supplychainmanagement #erp #operationsmanagement

Lean improvements centered around manufacturing processes are important for alleviating localized bottlenecks. However, poor planning, scheduling, purchasing, and production control practices can sometimes predominate such that they mask and vastly overshadow those improvements. We augment your team to develop and implement comprehensive lean operating solutions to: 📌 Improve on-time performance 📌 Reduce lead times 📌 Manage order backlogs 📌 Reduce operating costs 📌 Improve visibility to manufacturing capacity 📌 Minimize daily management struggles 👉 Go to our website or to the bottom of the "About" section of my LinkedIn profile to schedule a free no-obligation phone call. #AltemirConsulting #manufacturing #leanmanufacturing #supplychain #supplychainmanagement #erp #operationsmanagement