Because of the development of an increasingly integrated global economy market with production facilities scattered around the globe, warehouse operations are becoming a key factor to cope with demand variations, and inventory management is a critical component of a company’s financial performance, smart warehousing has become a vital cog within supply chains because it holds so much potential for improving lead time and cost reductions.
The combination of Lean Management techniques and industry 4.0 technologies has the potential to revolutionize operations in any sector. While Lean Practices have already brought operational improvements for many years, the arrival of advanced analytics, AI, and connected equipment has further enhanced productivity, flexibility, resilience, and sustainability.
No business or organization exists in a vacuum, but instead each one operates in a complex physical, social and governmental environment in which everything they do can have both positive and negative impacts. The process known as ESG, which stands for environment, social, and governance, is a templated approach to evaluating business operations according to those three criteria, looking at success not just as profit and shareholder return but in how the organization is functioning within the wider environmental, social, ethical, and regulatory ecosystem.
S&OP is gaining attention among organizations eager to implement powerful tactical management processes to help them succeed while navigating a rapidly changing business landscape. Short for Sales and Operations Planning, S&OP is an integrated business management process that aligns all facets of an organization to their key market goals, synchronizing them and allowing the organization to react with agility to changes in the market. Through S&OP, the executive/leadership team achieves continuous focus and alignment among all functions of the organization, increasing flexibility and responsiveness.
04/20
Partnership will focus on improving performance of customs’ core activities to enhance customer experience
08/19
Four Principles and Nesma Holding announced the launch of a new partnership to implement a Lean Culture across Nesma Holding’snon-profit organization, Nesma Embroidery.