A webinar on supply chain can be a great way for you to find out more about current trends in your industry and how they affect your business. Many of them are free and open to everyone. You can find out more about Supply Chain Management as well as AI and Machine Learning. Some even touch on Industry 4.0 technologies and Multiparty control towers. Whether you're a company leader or just looking for some new ideas for your business, these free events are a great way to learn more about the latest in supply chain technology.
Machine Learning
Machine Learning can be used in many ways throughout your supply chain. It can help optimize factory schedules, balance make-to-order/made-to-stock workflows, prevent material delays in production, and more. Machine learning can also be used to detect fraud. It analyzes real-time information and finds anomalies and pattern deviations. Then, it notifies supply chain management of possible problems.
AI
Predictive analysis is an excellent tool for supply chains. But, it can be challenging to interpret the data generated from this technology. This webinar will help supply channel managers understand AI basics and how to use it in their business.
Industry 4.0 technologies
The digital supply chain, also known as industry 4.0 technologies, is a significant shift to the way businesses do business. It is challenging to find the competitive advantage in the new technologies with the speed of technology change. Fortunately, this Capstone Webinar will explain the key domains and change agents driving the transformation. This webinar will address many of the most frequently asked questions regarding key technologies.
Multiparty control towers
Multiparty control centers are an integral part of supply chain ecosystem. They enable companies to automate repetitive tasks and save money and time. When combined with orchestration platforms, multiparty command towers can be powerful tools. These solutions can link all parts of the supply chain ecosystem. They provide a single source to truth for all those involved.
Collaboration throughout the supply chains
Collaboration within the supply chains is becoming a more popular strategy that can have significant benefits for a company's bottom lines. Collaboration is a great way to increase operational efficiency and foster innovation. While collaboration can take place across vertical and horizontal dimensions, there are some key aspects to consider.
Future of supply chain
Future of the supply-chain webinars will address the problems that are affecting supply chains. They examine how to make supply chains more sustainable, integrate corporate Governance into value chains, improve availability of medical devices for consumers, and make them more sustainable. They also discuss how to deal the increasing convergence in ESG and antitrust concerns. The session will focus on trends in supply chains starting in 2022, and continuing into the future.
FAQ
What role can a manager fill in a company’s management?
Different industries have different roles for managers.
In general, a manager controls the day-to-day operations of a company.
He/she will ensure that the company fulfills its financial obligations.
He/she will ensure that employees follow all rules and regulations, and adhere to quality standards.
He/she plans new products and services and oversees marketing campaigns.
How does a manager develop his/her management skills?
It is important to have good management skills.
Managers must continuously monitor the performance levels of their subordinates.
You should immediately take action if you see that your subordinate is not performing as well as you would like.
It is essential to know what areas need to be improved and how to do it.
How does Six Sigma work
Six Sigma uses statistics to measure problems, find root causes, fix them, and learn from past mistakes.
The first step to solving the problem is to identify it.
Next, data are collected and analyzed in order to identify patterns and trends.
Then, corrective actions can be taken to resolve the problem.
Finally, data will be reanalyzed to determine if there is an issue.
This continues until the problem has been solved.
What kind people use Six Sigma?
Six Sigma is well-known to those who have worked in operations research and statistics. It can be used by anyone in any business aspect.
Because it requires a high degree of commitment, only leaders with strong leadership skills can implement it successfully.
What are the three main management styles you can use?
There are three types of management: participative, laissez faire, and authoritarian. Each style has its strengths and weaknesses. Which style do yo prefer? Why?
Authoritarian – The leader sets a direction and expects everyone follows it. This style works best if the organization is large and stable.
Laissez-faire - The leader allows each individual to decide for him/herself. This style works best when an organization is small and dynamic.
Participative – Leaders are open to suggestions and ideas from everyone. This style works best in smaller organizations where everyone feels valued.
Why is it important for companies to use project management techniques?
To ensure projects run smoothly and meet deadlines, project management techniques are employed.
This is because most businesses rely heavily on project work to produce goods and services.
These projects require companies to be efficient and effective managers.
Companies could lose their time, reputation, and money without effective project management.
What is a basic management tool used in decision-making?
A decision matrix is a simple but powerful tool for helping managers make decisions. It allows them to think through all possible options.
A decision matrix is a way to organize alternatives into rows and columns. This makes it easy to see how each alternative affects other choices.
This example shows four options, each represented by the boxes on either side of the matrix. Each box represents a different option. The status quo (the current condition) is shown in the top row, and what would happen if there was no change?
The effect of choosing Option 1 can be seen in column middle. In this case, it would mean increasing sales from $2 million to $3 million.
These are the results of selecting Options 2 or 3. These are both positive changes that increase sales by $1million and $500,000. These positive changes have their downsides. Option 2 increases costs by $100 thousand, while Option 3 decreases profits to $200 thousand.
The final column shows results of choosing Option 4. This will result in sales falling by $1,000,000
The best part about using a decision matrix to guide you is that you don’t need to keep track of which numbers go where. You can just glance at the cells and see immediately if one given choice is better.
The matrix already does all the work. It is as simple as comparing the numbers within the relevant cells.
Here is an example of how a decision matrix might be used in your business.
Decide whether you want to invest more in advertising. By doing so, you can increase your revenue by $5 000 per month. However, additional expenses of $10 000 per month will be incurred.
You can calculate the net result of investing in advertising by looking at the cell directly below the one that says "Advertising." That number is $15 thousand. Advertising is more valuable than its costs.
Statistics
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How To
How can you implement a Quality Management Plan?
QMP (Quality Management Plan), introduced in ISO 9001,2008, provides a systematic method for improving processes, products, or services through continuous improvement. It focuses on the ability to measure, analyze and control processes and customer satisfaction.
QMP is a method that ensures good business performance. QMP improves production, service delivery, as well as customer relations. QMPs should cover all three dimensions - Products, Processes, and Services. When the QMP includes only one aspect, it is called a "Process" QMP. If the QMP is focused on a product/service, it's called a QMP. QMP is also used to refer to QMPs that focus on customer relations.
Two main elements are required for the implementation of a QMP. They are Scope and Strategy. These elements can be defined as follows.
Scope: This describes the scope and duration for the QMP. If your organization wishes to implement a QMP lasting six months, the scope will determine the activities during the first six month.
Strategy: This is the description of the steps taken to achieve goals.
A typical QMP has five phases: Planning (Design, Development), Implementation (Implementation), and Maintenance. Here are the details for each phase.
Planning: This stage is where the QMP objectives are identified and prioritized. Every stakeholder involved in the project is consulted to determine their expectations and needs. The next step is to create the strategy for achieving those objectives.
Design: The design stage involves the development of vision, mission strategies, tactics, and strategies that will allow for successful implementation. These strategies are put into action by developing detailed plans and procedures.
Development: This is where the development team works to build the capabilities and resources necessary for the successful implementation of the QMP.
Implementation: This refers to the actual implementation or the use of the strategies planned.
Maintenance: The maintenance of the QMP is an ongoing task.
The QMP must also include several other items:
Participation by Stakeholders is essential for the QMP's continued success. They must be involved in all phases of the QMP's development, planning, execution, maintenance, and design.
Project Initiation: It is essential to have a clear understanding about the problem and the solution before you can initiate a project. This means that the initiator should know why they want something done and what they hope for from the end result.
Time frame: It is crucial to know the time frame for the QMP. You can use a simplified version if you are only going to be using the QMP for short periods. You may need to upgrade if you plan on implementing the QMP for a long time.
Cost Estimation: Another important component of the QMP is cost estimation. Without knowing how much you will spend, planning is impossible. Before you start the QMP, it is important to estimate your costs.
QMPs should not be considered a static document. It is constantly changing as the company changes. It should be reviewed regularly to ensure that it meets current needs.