Big data is the all the rage and getting tons of press as it has allowed manufacturers and supply chain executives to create new and compelling data-driven strategies that help them compete, innovate and capture wallet-share. Perhaps fueled in part by the likes of leading database vendors or system integrators (SIs) looking to cash in on high-dollar predictive analytic and scoring engagements, big data represents many things to many people, but one of the most pragmatic applications is mastering all the data elements used in a business infrastructure. The term commonly used for this process is master data management, or MDM.
Good forecasting is a blend of both art and science, according to Thomas Schleicher, senior director of measurement science, at the National Consumer Panel. He discusses the scientific measurement aspects of forecasting as well as the art of collaborating across functions to make informed assumptions.
The competitive pressure on members of the global electronics sector has never been greater. While electronics OEMs recognize that their supply chains represent a significant opportunity to gain efficiencies, reduce cost and boost market share, many struggle to take their supply chain process improvement efforts beyond the proverbial low-hanging fruit.
The Open Group has launched the Open Trusted Technology Provider Standard (O-TTPS) Accreditation Program, one of the first accreditation programs aimed at assuring the integrity of commercial off-the-shelf (COTS) information and communication technology (ICT) products worldwide and safeguarding the global supply chain against the increasing sophistication of cybersecurity attacks.
TZA, a consultancy specializing in labor-performance applications, has added a manufacturing module to its cloud-based ProTrack Labor Management Software.
A new push by companies to become "world-class" has executives thinking about how labor-management programs can play a key role in the effort. Evan Danner, president of TZA, provides the details.