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 are free and open to the public. You can learn more about Supply Chain Management, AI, and Machine Learning. There are even mentions of Industry 4.0 technology and Multiparty control centers. 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 analyses real-time data, looking for patterns and anomalies. Supply chain managers are notified of any problems.
AI
Supply chains can benefit from predictive analytics. However, interpreting the data generated by this technology can be a challenge. This webinar will help supply-chain managers to understand the basics of AI, and how they can apply it to their businesses.
Industry 4.0 technologies
The Digital Supply Chain, or Industry 4.0, represents a fundamental shift in how businesses conduct business. It is hard to identify the competitive advantages from new technologies given the pace of change. Fortunately, this Capstone Webinar will explain the key domains and change agents driving the transformation. The webinar will also address some of the most common questions about key technologies.
Multiparty control towers
Multiparty control Towers are an essential part of the supply-chain ecosystem. Multiparty control towers allow companies to automate repetitive tasks, and thus save time and money. 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 in the supply chain
Collaboration within the supply network is becoming an increasingly popular strategy. It can deliver significant benefits to companies' bottom lines. Collaboration not only increases operational efficiency but can also foster innovation, risk management and greater innovation. There are some important aspects to remember when collaborating across horizontal and vertical dimensions.
The future of supply chains
Future of the supply chain webinars discuss the challenges facing supply chains. They explore how to make them sustainable, integrate corporate governance into value chains, and improve the availability of medicines and medical devices for consumers. They will also discuss the ways in which to manage increasing antitrust and ESG convergence. This session will discuss trends in supply chain trends starting in 2022 and beyond.
FAQ
What role does a manager play in a company?
Each industry has a different role for a manager.
The manager oversees the day-to-day activities of a company.
He/she ensures that the company meets its financial obligations and produces goods or services that customers want.
He/she makes sure that employees adhere to the rules and regulations as well as quality standards.
He/she is responsible for the development of new products and services, as well as overseeing marketing campaigns.
How do you define Six Sigma?
Six Sigma will most likely be familiar to people who have worked in statistics and operations research. It can be used by anyone in any business aspect.
It requires high levels of commitment and leadership skills to be successful.
What are the 4 main functions of management?
Management is responsible in planning, organizing and directing people and resources. It includes creating policies and procedures, as well setting goals.
Management helps an organization achieve its objectives by providing direction, coordination, control, leadership, motivation, supervision, training, and evaluation.
These are the four major functions of management:
Planning - Planning involves determining what needs to be done.
Organizing: Organizing refers to deciding how things should work.
Directing – This means to get people to follow directions.
Controlling: Controlling refers to making sure that people do what they are supposed to.
What is a basic management tool that can be used for decision-making?
A decision matrix can be a simple, but effective tool to assist managers in making decisions. They can think about all options and make informed decisions.
A decision matrix is a way of representing alternatives as rows and columns. This allows you to easily see how each choice affects others.
We have four options in this example. They are represented by the boxes to the left of the matrix. Each box represents one option. The top row shows the status quo (the current situation), and the bottom row shows what would happen if nothing was done at all.
The effect of Option 1 can be seen in the middle column. This would result in an increase of sales of $2 million to $3million.
These are the results of selecting Options 2 or 3. These are both positive changes that increase sales by $1million and $500,000. These changes can also have negative effects. Option 2, for example, increases the cost by $100 000 while Option 3 decreases profits by $200 000.
The last column shows you the results of Option 4. This involves decreasing sales by $1 million.
The best part of using a decision-matrix is that it doesn't require you to know which numbers belong where. Simply look at the cells to instantly determine if one choice is better than the other.
This is because the matrix has done all the hard work. It's as easy as comparing numbers in the appropriate cells.
Here's an example showing how you might use a Decision Matrix in your business.
You need to decide whether to invest in advertising. By doing so, you can increase your revenue by $5 000 per month. You'll also have additional expenses up to $10,000.
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 a worthwhile investment because it has a higher return than the costs.
What is Six Sigma, exactly?
This is a method of quality improvement that emphasizes customer service, continuous learning, and customer service. This is an approach to quality improvement that uses statistical techniques to eliminate defects.
Motorola created Six Sigma as part of their efforts to improve manufacturing processes in 1986.
It was quickly adopted by the industry and many companies are now using six-sigma to improve product design, production, delivery, customer service, and product design.
How to manage employees effectively?
The key to effective management of employees is ensuring their happiness and productivity.
It also means having clear expectations of their behavior and keeping track of their performance.
To do this successfully, managers need to set clear goals for themselves and for their teams.
They should communicate clearly with employees. They also need to make sure that they discipline and reward the best performers.
They should also keep records of all activities within their team. These include:
-
What was accomplished?
-
How much work did you put in?
-
Who did it?
-
What was the moment it was completed?
-
Why was it done?
This information can be used for monitoring performance and evaluating results.
What are some common management mistakes?
Managers can make their jobs more difficult than necessary.
They might not give enough support and delegate the right responsibilities to their staff.
Many managers lack the communication skills to motivate and lead their employees.
Managers set unrealistic expectations and make it difficult for their team.
Managers might try to solve every problem by themselves rather than delegating the responsibility.
Statistics
- As of 2020, personal bankers or tellers make an average of $32,620 per year, according to the BLS. (wgu.edu)
- This field is expected to grow about 7% by 2028, a bit faster than the national average for job growth. (wgu.edu)
- UpCounsel accepts only the top 5 percent of lawyers on its site. (upcounsel.com)
- 100% of the courses are offered online, and no campus visits are required — a big time-saver for you. (online.uc.edu)
- The profession is expected to grow 7% by 2028, a bit faster than the national average. (wgu.edu)
External Links
How To
How is Lean Manufacturing done?
Lean Manufacturing techniques are used to reduce waste while increasing efficiency by using structured methods. These processes were created by Toyota Motor Corporation, Japan in the 1980s. The goal was to produce quality products at lower cost. Lean manufacturing seeks to eliminate unnecessary steps and activities in the production process. It is composed of five fundamental elements: continuous improvement; pull systems, continuous improvements, just-in–time, kaizen, continuous change, and 5S. Pull systems involve producing only what the customer wants without any extra work. Continuous improvement involves constantly improving upon existing processes. Just-in-time is when components and other materials are delivered at their destination in a timely manner. Kaizen means continuous improvement, which is achieved by implementing small changes continuously. Finally, 5S stands for sort, set in order, shine, standardize, and sustain. These five elements are used together to ensure the best possible results.
Lean Production System
Six key concepts are the basis of lean production:
-
Flow - focus on moving material and information as close to customers as possible;
-
Value stream mapping - Break down each stage in a process into distinct tasks and create an overview of the whole process.
-
Five S's - Sort, Set In Order, Shine, Standardize, and Sustain;
-
Kanban is a visual system that uses visual cues like stickers, colored tape or stickers to keep track and monitor inventory.
-
Theory of constraints: identify bottlenecks in your process and eliminate them using lean tools, such as kanban board.
-
Just-in-time delivery - Deliver components and materials right to your point of use.
-
Continuous improvement: Make incremental improvements to the process instead of overhauling it completely.