In our highly interconnected world, delivering end-to-end operational excellence across the enterprise requires timely insights and maximum visibility into how every function of the business ecosystem connects. Whether it’s supply chain or sourcing, manufacturing or logistics, finance, transportation or any other functional area of the organization – focusing on operational excellence helps drive efficiencies, decision making and customer satisfaction, while minimizing risk and uncovering opportunities for enhanced growth and market position.
Unfortunately, this is all easier said than done. To smooth operations and power C-suite dashboards and decision making,enterprises need the proper tools to leverage all their information – including different types of sensor data. But these needs are complicated by aggressive market conditions, and pressure to maintain service levels amid tightening budgets and growing complexity across the enterprise.
Today’s companies indeed find themselves in a perfect storm of economic, competitive and quality-related challenges. These include new delivery channels – such as “click and collect” in-store pickup and accelerated home delivery – that put added pressure on traditional supply chains to be more efficient and agile. Disparate processes, stock imbalances and lack of inventory visibility can stymie customer service – a problem made worse anytime aggressive promotions bring even more disruptions in the supply chain.
Supply chain, in fact, has become ground zero in the push for better enterprise operations. As organizations import more of their stock from overseas, this translates into long lead times, high levels of inventory and more planning errors and chain disruptions. Left unaddressed, these shortcomings stifle innovation, slow reaction times and breed inefficiencies such as multiple ERPs and regions moving product.
Fortunately, Teradata’s top industry credentials and deep understanding of operational excellence is helping companies solve these problems by aligning multiple business functions to streamline operations and on-time delivery of products and services. Our advanced capabilities and expertise with the analytics and data required to drive operational excellence comes from decades of leadership, management and operational roles with Fortune 500 firms.
Operations and Supply Chain Excellence
Teradata solutions help organizations reduce IT, operations and maintenance costs; enhance on-time delivery of products and services; improve manufacturing performance; and lower purchasing costs through improved spend and planning.
In particular, our powerful supply chain intelligence tools give unprecedented visibility into supply networks, demand patterns, operations, procurement, manufacturing and other functions to increase profitability through better operations and planning. It’s something we’ve done for decades at some of the world’s largest and most successful companies.
For example, we partnered with a leading aftermarket parts operation to manage daily replenishments based on the previous day’s fluctuations in supply and demand – reducing inventory by 10-percent; backorder by 20-percent and cycle time by 30-percent. And a major North American retailer relied on Teradata for forecasting, replenishment and allocation solutions that boosted inventory turns by 10-percent and led to a 195-percent improvement in asset management since 2010.
Operational excellence can transform the entire organization by managing supply and demand, improving performance, boosting customer satisfaction and lowering the cost of goods sold. With Teradata’s advanced analytics solutions and deep bench of operations experts in both business and functional roles, companies have a powerful ally as they connect all their data for maximum insight, visibility and performance.
Greg Sloyer is a Teradata Industry Consultant bringing over 25 years of Supply Chain experience, primarily in the chemical industry, to the Manufacturing team. His career started in information technology, including several years within this function at DuPont. Prior to joining Teradata in June of 2007, he was the Director for Global Supply Chain Operations for the Agricultural Products Division of BASF. His experience ranges from application and system architecture design to developing strategic supply chain processes and business operations leadership. Greg has multiple degrees from the University of Delaware: Double Major in Mathematics and Computer & Information Sciences, a Masters in Statistics and a Ph.D. in Operations Research.