Monthly Archives: August 2018
Manufacturers Need to Adapt to the Next Generation of Customers
Today’s consumers are changing, and this change is mostly attributed to digital technologies that are converging with the new attitude of the millennial generation. Today’s consumer wants everything immediately, at the click of a button, ideally customized, with discount options, assurance that the purchase can be returned if it doesn’t meet expectations (customer service), and […]
Combining Real-time and Past Data for Stronger Analytics
The demand for in-memory database systems that are capable of holding live transactional data and historical data together for real-time analytics is increasing at an enormous rate. An in-memory database approach that keeps live and historical data together delivers at least three solid advantages. First on the list is less work for IT pros. Without the […]
Can You Put a Price on Data?
The price of something is based on its value. Data is an important asset across many domains, but businesses are still struggling to find a way to verify that particular data has value. These same businesses tend to overestimate the value of their big-data supply, and often times get stuck with insights that are not […]
Traditional Inventory Management Practices Are No Longer Suitable For Success
“In order to remain competitive with e-commerce retailers and other brick and mortar rivals, physical stores will soon be adopting IoT and AI-enabled inventory tools as the standard, rather than the exception.” With the increasing pressure of achieving optimal operational efficiency within physical stores, retailers must be able to achieve near-perfect inventory accuracy. For many […]
Recorded Webinar: Leverage SAP data for forward-looking business simulations [VIDEO]
Do you need help answering the one question every CFO really wants to know – “How will this change affect my P&L?” Hear how companies leverage SAP data and other sources to establish a robust business simulation platform that shows costs and profits at every business dimension. Watch the recorded webinar with 3C Software President […]
Visibility: Seeing is Achieving In Manufacturing
Manufacturing plants that align visibility with automation can move from mass production to mass customization – and easily develop personalized products at scale. Leading companies are rethinking their current manufacturing processes and transforming continuous production lines into flexible production cells that can move and operate with plug-and-play functionality. Creating “digital twins” of the shop floor, which […]
The Right Technology Can Save the Food Production Industry
According to the CIO at Maple Leaf Foods, Andreas Liris, the global food production is heading towards a crisis. The system is unsustainable, and things will only get worse unless a solution arises. That solution is potentially utilizing a technology that enables production supervisors to do on the shop floor everything they do in their […]
A Profitable Approach to Product Returns
Customer behavior after a purchase can be difficult to predict, which is why many large retailers have very lenient return policies. However, in recent years, these companies have noticed customers taking advantage of these policies and ultimately cutting into profits. Yet new tools and technologies make it possible to segment customers and impose stricter return […]
Forecasting Labor Costs for 2030
“Organizations around the world could add more than $2.5 trillion to their annual labor costs within 12 years as a result of the global shortage of highly skilled workers, according to new research from Korn Ferry. The report follows up on the recruiting and workforce management firm’s forecast that talent shortage could cost companies $8.5 trillion […]