The Ledger

New Technologies Driving Value In FP&A

“In managing the value chain and profitability across jurisdictions, inter-company design and execution are immensely critical. Finance teams must work together to plan and execute detailed inter-company transfer pricing involving both tangible goods prices as well as non-tangible payments. They must be able to proactively plan and monitor any changes to the inter-company transactions and their impact on the value chain and profitability – whether due to business conditions or new regulations. The latest planning and analysis applications are ideally suited as modeling and reporting platforms for finance professionals to automate, analyze, and document inter-company transactions.”

Read More at The Digitalist at SAP >

Better Data Means Better Forklift Utilization

As most supply chain executives and warehouse managers know too well, the supply chain and the warehouse are overwhelmed with their data. Warehouse and forklift connectivity is generating data on worker performance, forklift utilization, and the health and status of vital equipment. One area where greater connectivity is poised to deliver value is forklift fleet service and maintenance. Already, connected service technicians, armed with new technology and increased connectivity, are helping make forklift service calls smarter and more proactive. As more data is gathered on forklift performance and operation, supply chain managers can expect service techs to arrive on-site already understanding the issue and having the right parts to make the repair.

Read More at MH&L >

Data Quality is Key to Business Performance

 “The cost of bad data is an astonishing 15% to 25% of revenue for most companies.”

Business decisions are no better than the data on which they are based. Getting in front on data quality presents a great opportunity to improve business performance. Better data means fewer mistakes, lower costs, better decisions, and better products. Many companies that don’t focus on data quality will struggle to survive in the business environment of the future. There are four main reasons you should start paying attention to data quality now.

Real More at MIT Sloan Review >

Responding to a Volatile Market with Supply Chain Agility

To compete effectively in a complex, fast-changing business environment, companies recognize they need the ability to move quickly and easily in their supply chain. Facilities are spread out across far-flung regions and supply chain partners can come from anywhere in the world. Demand is always fluctuating, and disruptions are common. While managers on the front lines of business operations and supply planning understand the need for greater agility, gaining the visibility and insight needed to see what’s happening and respond effectively is often elusive.

Read More at The Digitalist by SAP >