Hello Friends,
SAP’s Performance Bench marking group publishes a short analysis each Monday, highlighting hot industry topics and high-impact strategies. This week they have focused on comparing the days in inventory for mill products companies and ways to reduce the critical performance metric.
The analysis boiled down in to following results:
- A key driver in reducing mill products days in inventory is a 360-degree view of the supply chain.
- Mill products organizations that track and manage the alignment of strategic manufacturing objectives and operational activities require on an average 32% fewer days to close annual books.
- Schedules that optimize machine and labor capacity by integrating customer delivery dates with material availability and real-time manufacturing conditions help Mill Products companies reduce the days in inventory by 19%.
- With dynamic and frequently updated forecasts Mill Products companies also can reduce days in inventory by as much as 17%.
To know more about this report please visit following link
http://blogs.sap.com/innovation/industries/monday-metric-competing-on-time-in-mill-products-0418530