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Leadership Workshop on “Optimizing & Managing IT Portfolio to meet business objectives”
REALIZING BUSINESS VALUE THROUGH IT
Fri, 20th November, 2009
9 AM to 5:30 PM
Hotel Royal Orchid
1, Golf Avenue Road, Adjoining KGA Golf Course,
Airport Road, Bengaluru
Why you need to attend this workshop?
This workshop is an attempt to provide insights to management of IT by looking at technology as not a cost but as a business enabler. The impact of technology to enhance effectiveness in business growth can be huge, if IT systems are managed and optimized keeping the overall business context in mind. Through a mix of case studies, presentations and a hands-on workshop by industry veterans, you will have an opportunity to participate and share ideas to strategize, implement initiatives and innovate in your business through technology. The sessions will have a good mix of technology view and the business view so that you obtain a holistic view of IT.
· How to realize business value through IT by aligning it to Value Creation
· How to enable businesses through technology and going beyond conventional thoughts of a ‘System’ view
· Understand business aspects while deciding on IT systems and portfolios
· How to manage the IT Organization and taking a portfolio view of IT
Last Updated On:10/27/2009 2:21:49 PM
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The state of Network Optimization tools in India
Most companies who have a production and distribution network in India use optimization at some level. In fact, a very well known color and paint company in India had created their own network optimization tool much before the practice caught on here and commercial solutions started becoming available. Significant number of Indian supply chain planners depend on custom build spreadsheet or script based solutions developed in-house or provided by niche vendors. Depending on the organization these decisions are sometimes also taken locally based on empirical observation and experiential learning.
The scenario is changing though and larger technology solution companies are showing greater interest in the Indian market. According to supply chain planners in pharmaceuticals, food and consumer goods industry, commercial Network Optimization tool availability and usage is on the rise. Adoption is being driven by multinationals who having taken world-wide licenses for these tools in other geographies are extending them to their Indian businesses. We also need to understand that most of these solutions sit atop the ERP system installed and by and large installation of optimization tools is dependent on the wave of ERP installation. Most companies choose to go for an additional solution in average only after 5 years of taking the decision of commissioning an ERP application. However, the movement towards commercially available solutions is gaining traction because of the following advantages :
well designed graphical user interface
built in grids and validation logic to simplify data accumulation
customizable interfaces to link with ERP solutions that a company may already be using
integrated maps and other visual representation of the network
ability to incorporate scale and complexity that cant be modeled easily
better algorithms developed over years of sp
Last Updated On:9/6/2010 9:18:42 PM
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Logistics Planning – When to start?
Logistics Planning & Inventory Planning are interlinked & both are derivatives of project planning. Logistics plan which includes deciding the camp locations & identifying the sourcing locations for various materials (especially aggregates) have to be done as early as possible. In fact we at Aqua, believe that companies can gain substantially if the logistics planning is completed at the project planning stage itself. Also Aqua believes in the partnership model where we help our clients in the pre-tendering process also – so that the customers get a realistic estimate of logistics cost for the project.
Logistics Planning – Our Approach
Services
Description
Location of Camps
The location of camps can play an important role in reducing logistics cost. Eg. If using rail option, having a camp next to an existing rail siding would substantially reduce last mile transportation.
Route Survey
Carry out detailed route survey from Source to Destination point with special report on the route survey identifying narrow roads, sharp turns, unworkable gradients, bridges, culverts, underpass, overhung, overhead structure or any other similar obstacles etc for safe transportation of Aggregates
Distance Mapping
Ensuring proper distance mapping from source point to destination along with client’s officials
Identification & Appt. of Transporters
I
Last Updated On:7/7/2011 11:34:08 AM
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TOOLS TO ‘OPERATIONALIZE’ SOURCING STRATEGIES
The key to strategic sourcing is to integrate sourcing with procurement through analytics and contract management. The following design tools are key enablers in ensuring the same:
Formal, preferably multi-year Procurement Plan to project, audit and regularly validate procurement savings
Design Aspects:
o Procurement’s impact on strategic vision, business plan and key financial metrics need continual focus
o Analysis of current costs (direct, expense, capital) and cash flow forecast
o Prioritized listing of key spend categories, savings targets and benefit goals
o 3-5 years buying strategy for each material
o Actions to measure key supplier relations
o Touch-points with other business initiatives
o Assigned business, finance and procurement resources
o A time phased savings plan
o Cash flow elements such as Working Capital, Trade Financing, Payment Terms to be part of Procurement savings goals
Focus on all items & services- not only direct items. (On an average 18.5% of revenue is still uncovered by Procurement, per an Aberdeen Research report)
Design Aspects:
o Minimize maverick buying; track % unplanned / unstructured buying
o Track actual vs. Plan for indirect items & expenses as well.
o Expense Automation System – Instituting a system and periodic expenses analysis can deliver 6-7% savings.
o Volume Leveraging – Concept applies not just to big ticket items but in other categories also, eg.
MRO items.
Effective Contract Management
Design Aspects:
o Create Contract based on Bid Awards
o Share Contracts internally & externally to obtain necessary approvals
o Publish Contracts to Backend system
o Monitor consumption, expiry, and compliance
There is 20 – 25% leakage in savings due to poor compliance of contracts, according to some leading sourcing experts
Better Analytics C
Last Updated On:7/11/2011 10:36:30 AM
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