We hear about all of this cool and exciting new technology every day. Blockchain, Artificial Intelligence, Drones and Autonomous Vehicles, Virtual Reality and Augmented Reality, Big Data and more.
As such it’s easy to become enamoured with the prospects of implementing these brand new technologies in your company.
But for many companies they are struggling each and every day just to get the basics right. Ensuring deliveries are on time, making sure purchase orders are placed, changed, and acknowledged, keeping track of and reducing inventory levels, managing forecasts and forecast accuracy, and training and retaining resources are just a few of the basics that companies are working vigilantly to address every hour of every day.
Given pressures to reduce costs, improve productivity, increase competitiveness and increase asset velocity what should your strategic focus be?
Shiny new technology or boring old basics?
Continue reading “Shiny New Technology or Back to the Basics? What is Your Strategy?”
