Did the general business environment at the end of October bring your organization a Trick or a Treat? Many Corning Data clients are having to adapt their business plans to the rapidly changing business environment: while sales and profits may have been on an upswing, tariffs, rising fuel costs, and increases in materials and labor input costs are starting to create headwinds.
Instead of running scared, our most forward looking clients are investing strategically to make sure they are positioned to remain competitive. Here are some of the things we see them doing:
- Improve planning capabilities by implementing Forecasting and Requirements Planning applications: Better capabilities to balance supply with demand minimizes procurement, inventory, and WIP costs while maximizing capacity utilization. Doing more with less is a magic potion for tough economic times.
- Automate by reducing production paperwork and integrating shop floor machinery: Using JD Edwards Orchestrator or data collection packages, such as DSI, helps eliminate manual process steps to significantly improve productivity and drive down production labor costs. The improvements in data accuracy and timeliness are extra sweet too.
- React quickly to changing customer needs with JD Edwards Fulfillment Management and Demand Scheduling Execution: As the business environment changes, keeping your existing customers becomes even more critical. These JD Edwards modules help you maintain your service level agreements with your customers so they don’t get spooked and switch to buying from your competition.
Whether you are already encountering these or other frightful challenges or are trying to get ahead of the trend, give Corning Data a call to get your business in the right spirit.