Metastorm said organizations that have deployed business process management consistently report a return on investment of 10-20 percent per process project. It can help strengthen an organization's corporate infrastructure – making organizations more effective and more agile so that as the economy improves, an organization is primed to take advantage of new opportunities better, faster and more profitably than its competitors.
(Palo Alto, CA)
MetricStream recommends supplier site inspections in order to capture, analyze and assess quality-related issues and provide transparency and visibility into the supply chain.
ModusLink Global Solutions
ModusLink suggests strategies such as deferred configuration and packaging postponement, as well as alternative revenue streams such as value recovery and asset disposition to not only combat today's economic uncertainty and global softness in consumer demand, but to also optimize the supply chain for future profit.
New Generation Computing
(Miami Lakes, FL)
NGC's Consumer Product Safety Improvement Act compliance software, coupled with the company's PLM and global sourcing solutions, can play a key role in helping companies to succeed not only in the current downturn but also when the economy rebounds.
Next Level Purchasing, Inc.
(Moon Township, PA)
Purchasing professionals should acquire new skills and techniques: The correlation between skill levels and savings reveals that by developing the skill levels of a purchasing department, an organization will most likely see a substantial, measureable increase in cost savings, reduction in risk, and also an increase in productivity.
Business intelligence solutions can help companies gain visibility into cross-functional processes across their enterprises and beyond, use analytics to identify and address obstacles, target areas for improvement, and uncover opportunities for growth – capabilities that are essential to help companies survive the recession and be well-positioned for post-recession growth.
A collaborative trade finance solution can help buyers extend payment terms without negatively impacting the supply chain, while suppliers can opt to get paid faster to fund operations.
Pace Harmon advises that, in the current down economy, companies that can maintain their profit margins with falling demand, as well as quickly ramp back up to meet increasing demand when the economy rebounds, are the ones that will remain successful in the long run.
Panorama Consulting Group
An ERP system implemented in a timely, cost-effective manner: a $100 million industrial manufacturing company has saved over $1 million/year in hosting and maintenance costs after tapping Panorama to evaluate, select and implement an ERP system to help reduce its costs and adapt to lower sales volumes and reduced employee headcounts.
Yard Hound from PINC Solutions is the only yard visibility and management solution on the market that offers real-time location information of mobile assets in the yards using passive RFID technology, with sufficient accuracy while at a price point practical for the yard management needs.
PowerTrack, U.S. Bank
PowerTrack suggests optimizing processes and implementing easily scalable solutions now, specifically as it relates to invoice processing and payment activities and gaining enterprise-wide control to leverage data on a global basis. This will not only drive physical supply chain optimization, but financial optimization as well.
By leveraging the purchasing power of more than 550 manufacturers, Prime Advantage delivers cost savings through group volume, discounts and rebates.
Time to do a Valuation on every aspect of the business, scrutinizing each process to determine whether it is a profit center and can it be improved; if it can be eliminated without materially affecting profit; or if it is an essential process then can it be re-engineered to be more efficient.