Discover how Palms™ Intelligent Supply Chain can help you save time and money in your warehouse operations. Come visit us at Stand No. D2A, Hall 11 at IWS 2013, Delhi.
Why is data so important when it comes to warehouse or supply chain management? What role does data and information play in effective supply chain and warehouse management? The obvious answer is that the right data and information helps in improving the organization’s decision making and performance, which naturally result in better profits to the company.
Key performance indicators, more commonly known as KPIs play a key role in helping an organization define and measure its progress towards the defined goals. Once the mission has been analysed and the goals have been defined, KPIs are put in place for measuring the organization’s progress.
KPIs are measurements that can be quantified and agreed to beforehand. KPIs vary across different organizations and industries, and stay for a long time without changing often. They reflect the goals of the organization and are critical to organization’s success. (more…)
People in the supply chain industry often encounter many pain points such as poor data quality significantly diminishing the value of their business intelligence initiatives, spread sheets still being the most widely used business intelligence tool, inventory being put in one location and being updated with the inventory in another location, consolidation of supplier base, volatility and unpredictability of customer demands.
When it comes to obtaining warehousing solutions, ERP solution are becoming more popular among organizations due to the various advantages they provide. An ERP is low cost and it provides complete visibility of various key processes. However, there are certain shortcomings of an ERP which need to be overcome if an overall warehousing solution needs to be provided. Here is a view at why an ERP package in itself may not be sufficient and why a WMS may be required to complement an ERP.