|2010||2014||2018 AND BEYOND|
|Methods||Low Cost Sourcing||Total Cost of Ownership||Dynamic Sourcing|
|Drivers||Material Cost Reduction||Landed Cost||Quicker Response to Market|
|Benefits||Instant Cost Reduction||E2E Reduction||Agile: Adapt to Change|
The Edge Blog: Insights on business transformation, practical applications and everything in between
Independent of the condition of the economy, at any point, there is an increasing need within organizations, in every industry, to have more transparency across the overall supply chain costs and the factors that influence it. Activity Based Management (ABM) is a technique used to provide this visibility, and thereby help improve strategic and operational decisions in the organization. ABM involves identifying activities that a business performs, and carrying out a value chain analysis, using Activity Based Costing (ABC).
Blockchain is a decentralized digital archive that records all transactions across a peer to peer network. Blockchain technology allows for participants to conﬁrm transactions without the need for a central authorization. Whenever a user requests a transaction in a blockchain environment, it is broadcasted to a peer to peer network of nodes. These nodes are responsible for validating the transactions. Once validated, these transactions are added to the existing blockchain making them permanent and unchangeable, making the transaction complete. There are several advantages to this technology.
Aftermarket sales and services is a high margin business. Hence the competition is huge and there are wide range of players and service offerings involved. These services include spare parts, maintenance and installation, consulting, training and technical support provided by OEMs, dealers, and third-party suppliers. Customers tend to prefer brands and products that have good aftermarket support and services.
According to Statista, the US automotive aftermarket sales have increased by 36% while the vehicle sales grew by only 12% approximately in the last decade.
By Larry Ouyang
Dashboards have been used as a major tool in tracking operational performance with Key Performance Indicators (KPIs) displayed and highlighted on them. With the integration of visual tools, such as Tableau, to the network optimization engine, additional improvements have been incorporated into dashboard development. These improvements visually improve the ease and efficiency of network modeling. Some key benefits include using a dashboard in network optimization are: