Part 2 of 2:
Last week, in part one of this blog series, we established that, due to overwhelming customer demand, fashion brands, retailers and consumer goods companies are looking for ways to improve speed to market.
In the NGC white paper, 8 Steps for Faster Speed to Market: Improving Supply Chain Speed and Agility, we detailed how to use your SCM enterprise platform during the pre-PO and post-PO stages to achieve these goals and continue to deliver excellent goods and services to your customers:
Better compliance with calendars and deadlines. Calendar and deadline compliance can be improved with the Workflow Calendars and Exception Reporting found in today’s enterprise systems for SCM. Calendars are role-based and instantly accessible via the web; users can see the status of milestone dates for calendars and make sure product groups, collections and approvals are all on schedule, with alerts and color-coded dashboard to when deadlines aren’t met.
Improved WIP tracking. Manufacturers can easily update Work-In-Process (WIP) so users can track the production status of each order and instantly check progress. Alerts and color-coded dashboards can be customized to show the current status and can even predict if the item will run late due to unexpected delays. Collaboration and WIP tracking can also help companies speed up the replenishment of best-selling products and cut their losses on others.
More efficient line planning. Modern enterprise systems such as PLM include interactive planning tools that allow retailers, brands, and manufacturers to view and manage the line development processes with a number of automated features that improve line planning efficiency. With real-time visibility through an enterprise platform, merchandising, design and sourcing teams can be synchronized to ensure an on-time product launch.
Strategic positioning of raw materials. Using enterprise systems, companies can forecast raw material requirements, place commitments with multiple suppliers and draw down the commitments as POs are issued and the materials are consumed. This reduces the risk of holding too much or too little inventory to meet downstream demand or holding unused inventory for unacceptable lengths of time – and it plays a huge role in improving cycle time. Read on »