Supply chain data is one of the most critical assets for manufacturers today. With the promise of advanced enterprise systems, many companies expect smooth data handling and analytics. However, the reality is starkly different: despite heavy investments in these systems, Excel remains the primary tool for making sense of this data. This reliance on Excel […]
Improving Quality Control and Reducing Reporting Time by 95% with Owl Analytics Challenge The Quality Assurance and Control team for a multi-million-dollar consumer packaged goods (CPG) company faced significant challenges in monitoring the performance of their quality management process. Their workflow involved: Utilizing Excel spreadsheets to run ad-hoc analysis with data pulled from the Laboratory […]
Let’s dive into something that might seem a bit dry at first but is crucial for anyone in the Food & Beverage industry: data analytics. Trust me, once you see how powerful these insights can be, you’ll understand why they’ are essential for business outcomes. We’re talking about metrics like revenue trends, Cost of Goods […]
Which competitor metrics in Food & Beverage industry should you be monitoring? Find out here.
The manufacturing industry is always changing and can get pretty complex, constantly evolving with new technologies and shifting market demands. That’s why making sure your production and supply match up with demand is key to success. Que the introduction of Sales and Operations Planning (S&OP). It’s a vital process that helps your entire organization work towards […]
An Everyday Example of Date Formatting Take a moment to glance at the shopping receipts tucked away in your wallet, especially if you’re in Canada like me. Check the dates printed on them, and you’ll likely notice a variety of formats. Here’s a snapshot of what I found: – 03/06/2024 – 03/04/24 – 03/01/24 – […]
Like most manufacturing companies, when it comes to inventory management, yours likely has several goals and benchmarks you’re striving to achieve. Looking at Key Performance Indicators (KPIs) is the best way for you to know whether your company is working towards meeting those goals or heading in the opposite direction. Before jumping into some of […]
In Measuring and Managing Inventory: Everything You Need to Know we looked at why inventory is a vital part of any business in the supply chain industry. With this, we also looked at the definition and importance of inventory management – the process of overseeing and controlling the flow of goods, materials, and products within […]
Inventory Management is a crucial component of any company or business. The quality and speed at which customers can obtain product is often a driving factor when deciding who to place an order with. So, imagine how detrimental it would be if your company wasn’t in the know of what you had in stock, the […]
Why should you care about managing your inventory efficiently? Inventory management may just be one component of your supply chain, but the effects of it, positive or negative, impact your business as a whole. As discussed in Measuring and Managing Inventory: Everything You Need to Know, inventory management is the process of overseeing and controlling […]
