Business and profits can increase in the coming year, new products can soar to unexpected heights, inventories can shrink (in a good way) and productivity can reach an all-time high. Now here’s the bad news: none of these things will be delivered into the stocking hung on the fireplace mantel by some jolly fat man in a soot-stained red suit.
We all know what ERP is … the major information management system for manufacturers (and others) that integrates all of the major functions of the business. There is still some confusion, however, about just how some of the other approaches – Lean Manufacturing, Theory of Constraints, DDMRP, etc. – fit in and whether they replace ERP or are complementary.
We supply chain and operations management professionals tend to think of demand as a given. It is what it is, and the job is to use resources to meet demand in the most efficient and effective way possible.
Advice and Assistance for Manufacturers.
Part of the planning and justification for any improvement project – equipment upgrades, process changes, ERP upgrade or replacement, lean initiative, new product launch, etc. – must also consider timing.