Practical Insights (Blog)

Operational Data Analytics - Three Ways to Unlock Value

Achieving the great promise of Industry 4.0 and the industrial internet of things (IIoT) requires changes to current methods of production, processing, and manufacturing. Many industries are already undergoing a reindustrialization to improve competitiveness. They recognize that Industry 4.0 will be mostly categorized using high-tech and big data. Yet, as the big data explosion continues unabated, research indicates that many executives are struggling to extract value and drive differentiation through data analytics and IIoT. At best, companies have captured just a third of the potential value. So, what’s standing in their way?
Topics: Data Analytics Cross-functional transformation

Reduced Cycle Time = Increased Speed, Growth and Profit

The golf cart story

Jim Mynaugh, Maine Pointe's EVP Operations, explains how cycle time reduction improves speed, unlocks profit, enables growth, and argues that being 'good' is not 'good enough' anymore. 

Topics: Operations Excellence Operational Improvements

Four Key Considerations for Supply Chain Decision Makers

When it comes to buying a new product or service, supply chain pros utilize a variety of methods to gather information, analyze results, and make decisions.

These solutions range from no-tech methods like working the phone, to high-tech methods like conducting an e-procurement process using industry tools. While the methods on the lower end of the scale are more labor intensive and can be subjective, and the methods at the higher end of the scale tend to be more objective, formal and efficient, each has its place in the world of procurement. However, there’s a fundamental question that all decision makers need to be able to answer; what are we actually buying?

The following four considerations are helpful before embarking on any procurement initiative:

Topics: supply chain transformation

Driving Value in a Consolidating Market

We’ve all heard the old adage that reputation is everything. Having a good reputation can benefit a business in a multitude of ways including customer preference, support for the company in difficult times and the future value of an organization in the marketplace. In a global market where just about every industry is feeling the impact of ‘merger mania,' reputation is the key to survival and EBITDA improvement.

Topics: Specialty Chemicals

Step-By-Step Supply Chain Transformation

Achieving advantage is not as hard as you may think

"The ‘big bang, bet the company’ transformations of the past are dead."

Simon Knowles, Chief Marketing Officer at Maine Pointe, explains why a more pragmatic step-by-step approach will deliver realizable value.

Topics: global supply chain supply chain transformation

Unlocking Value in Your Supply Chain

James Gurulé discusses how organizations are addressing their burning platform with a cross-functional approach.

Let’s begin with a pop quiz...how many leading businesses can you think of that are as dominant today as they were 20 years ago? Of course, there are some, but these are challenging times for even the biggest and best-managed organizations. Rapid economic and technological changes mean an approach that worked pretty well for you yesterday might not be working quite so well today and could be catastrophic by tomorrow. 

Topics: Strategic Procurement Total Value Optimization

Adapting to Private Equity's New World Order

Dan Ginsberg, EVP and Teresa Garti, VP, Private Equity discuss why PE executives are increasingly focusing on operational improvements to quickly generate the returns they require.

Earlier this year, we gave you a brief overview of four key themes that we believe will have a significant impact on the PE market in 2017. This month, we’re diving a little deeper into the first of those themes; how and why PE executives, particularly those operating in the middle market, are turning their attention to operational improvements in order to achieve accelerated value creation.

Topics: Private Equity Consulting Operational Improvements

Busting Three of Procurement's Biggest Myths

There are some procurement ‘facts’ that we hear over and over again in our meetings with company executives. Do any of the following sound familiar?

  1. “We’re a big company, that means we get the best prices.”
  2. “We did a sourcing study just last year and got 1% savings. There’s nothing more there to be had.”
  3.  “What we buy is very unique, there are no other credible suppliers.”

The very fact that everybody’s saying the same thing means it must be true, right? Wrong. The truth is that none of these is accurate, not one. In our experience, there are almost always additional savings to be made; you just need to know how to look deep into your value chain to unlock them.

Topics: Strategic Procurement

Six Ways to Build Competitive Advantage in the Supply Chain

Considerations for transformational leaders

Manipulating your supply chain to achieve savings is not a new phenomenon. There are decades worth of transformations, case studies, and horror stories about what has been done well and perhaps not so well.

So, how does a company know they have built a competitive advantage?

Topics: Logistics Supply Chain Performance

A Bright Future for the Sealants & Adhesives Market

Despite facing some tough trading conditions in recent years, the global sealants & adhesives market is forecasted to reach $59B by 2020, growing at a CAGR of 4.72% between 2015 and 2020.* This continued period of rapid and sustained growth presents industry executives with an exciting opportunity to capture that growth.

Topics: Perspective Papers Specialty Chemicals