In our previous blog we discussed the added value IT in the wire & cable industry for Product Engineering and Quoting as well as for Sales and Invoicing . We will now explore how to improve business performance by investing in IT for Planning.
Planning in the wire & cable industry is a balancing act to maximize production efficiency while keeping inventory at an acceptable level. At the one hand the planner will try to create efficient production runs at the extruders and armoring machines by grouping production jobs and minimizing change-over losses in time and material. On the other hand, the planner will avoid to move jobs forward too much as this will increase the capital consumption in inventory of (semi-)finished products.
In our previous blog we discussed the added value IT in the wire & cable industry specifically for Product Engineering and Quoting. We will now explore how to improve business performance by investing in IT for Sales and Invoicing.
The main priority in sales is to respond to customer needs fast and accurately. In today’s world the information associated to customer requirements are increasing both in volume and volatility. A successful company is able to deal with this information effectively.
In our previous blog we discussed the need of using IT in the wire & cable industry in relation to market developments. We will now explore the specific business domains in the wire & cable industry that can benefit from Information Technology. Based on our experience in the wire & cable industry we will focus on those business domains where we often find opportunities to improve business performance by investing in IT, starting with Product Engineering and Quoting.
Information Technology (IT) has become a key asset for companies to optimize their business processes and create competitive advantage. Still, the way and the intensity of using IT is quite different across industries and individual companies. In a series of blogs we will explore the potential added value of Information Technology, specifically for the wire & cable industry. We will first describe the business context of the wire & cable industry: what are its characteristics compared to other industries and what are some trends that we see in the industry that are relevant for our analysis.
Precious Materials pose a significant risk to wire and cable manufacturers and distributors. How to manage these risks?