Steps to a Better Execution Management System by Samer El Bizri

The present-day business scenario is highly competitive and volatile. Most of the time business managers have numerous plans to execute and multiple strategies to implement. While plans are made rather spontaneously, the time taken to turn them into fruitful action turns out to be quite long. And this problem arises from the absence of what is known as an Execution Management System. This, though a common term in the field of trading and stock market, is as much applicable and relevant for the entire business scenario. The system ensures that your strategies are put into action and that the results are estimated.

 

When you implement an execution management system, there are certain things you need to do simultaneously. Taking the following steps explained by Samer El Bizri will improve the efficacy of the Execution Management System.

 

  • To begin with, it is necessary that you make short-term plans instead of long-term ones. Meet up on a quarterly basis; decide on the next set of actions and also the way to go about them. When you meet once in a year, the discussions get longer and the strategies more complicated. Consequently, sound executive management automatically becomes least feasible. Short-term plans, on the other hand, are better executed and the entire scenario looks better at the end of the year.
  • Cost reduction exercises are common in every enterprise or market. But more often than not, costs reductions lead to negative impacts on the business model. This is not desirable. So, it is necessary that you review your plan of cost reduction before implementing it. It is found that cost restructuring instead of cost reduction actually helps in better execution of business strategies.
  • When it comes to strategizing and executing of these strategies, business enterprises consider certain Key Performance Indicators, also known as KPIs. But the KPIs determined long back lose significance over the time and hence, bring no real value for the organization. So, the best thing to do is to select indicators that are relevant and matter the most. These can be related to cash position, exposure to short or long-term risks and access to capital.
  • It is not enough to define an objective but you need to implement it. People in the organization have to take ownership and work towards achieving the pre-determined goals. Let people debate, raise issues, suggest modifications and only then accept the objective. Even if this means investing few weeks of time, never stop yourself as the end result will be satisfactory.
  • It is easy to implement strategies and execute them when things go as planned. But it is extremely difficult to even think rationally in times of crisis. Performance coaching, quite popular these days, helps managers keep their calm and stay focused in difficult times. It ensures that plans get executed even with the obstacles.

 

Samer El Bizri is CEO of Zeconomy, Inc and a financial business planner expert. He shares his knowledge about fixed capital, working capital and financial aspects in variety of platforms.

Also read here: Executive Management – Securing Your Business Success

Print Management Solutions

Print Management Solutions Advantages by Samer El Bizri

Nowadays by utilizing the application of print management solutions, it is feasible for firms to manage jobs of printing, print quotes and logs and auditing the print. It might be imperative in few cases for the individual printing any particular documents or document to enter a pin number and the user name since print documents very often may be related with shared numbers or many kinds of codes.

 

The management of print server feature has contributed an extra protection of security and turned it simpler to utilize the printer itself. Print management software support also workgroup and domain network architecture. As companies are utilizing now printers to make all required documentation, the quantity of printers utilized, ink which is required for printing and quantity of pages which are printed daily have contributed to a high cost to which has become an daily occurrence. The documents should be printed and apart from that in various cases, are made at large volume. It is particularly true for firms which print distributed materials regularly. This is where print management solutions have a big role to play. With the help of software in respect of print management, firms are putting together many tasks and permitting them to be managed with the software when cutting down simultaneously on the actual cost of printing the documents. It permits the firms to generate profits from the distributed item the scope to earn more money and those are doing the in-house circulation or the information which are being circulated at free of cost is being able to save a considerable sum of money every year.

 

By utilizing print management, firms would be capable also to better manage the quantity of printing which keep up and at the same time takes place with it. It assists to make a disturbance free atmosphere and encourage entire productivity in a manner which is efficient and uniform truly. This saving of cost contributes also to turn it into to a great option. No firm is too little to think of utilizing print management software. Whatever be its size, the conveniences would remain as it is all along. There are various print management solutions companies which are available in the market place. You may get the information by searching the World Wide Web. There are ample websites available on the World Wide Web giving contact details of the companies that can provide solutions for print management.

 

Samer El Bizri is the President of Codehost, Inc. which specializes in Business Management and Competitive Analysis and Integrated Print Management solutions for copiers, printers and MFPs. With Codehost, Inc an innovative software company Samer El Bizri brings value added solutions to businesses and OEMs worldwide from opening the door to Linux and UNIX environments for the world’s largest printer and copier manufacturers to the introduction of the world’s most efficient to digital solutions.
Also read here: Finding The Best Supply Chain Management Services

Why Supply Chain Management System?

Improvised supply chain gives a business competitive advantage in the market and it helps the business to mitigate risks related with acquiring raw materials and offering pinpointed products and/or services. By properly implementing supply chain management systems, a business can effectively streamline its operational objectives, reduce waste, overhead costs and tackle the challenging issue of delays. A properly devised supply chain management can effectively and holistically maintain and manage the entire process, and improve a business to reach higher level of getting increased return on investment.

 

Quality assurance

When supply chain management is strictly implemented, it can save process automation. It can align the objective of a company with quality of service and its offerings.

A thoughtfully devised supply chain management system can incorporate quality techniques, such as quality management systems, to enhance the operational objectives thereby improving the overall range of services.

 

Inventory buffers

Customer spending in almost every type of business is volatile, and extremely unpredictable. This requires companies to manage and maintain their standalone inventory in such a way that it can minimize holding costs while offering enough flexibility to cater to the changing customer needs.

 

Risk mitigation

Managing the risk is the most important duty of a business owner and supply chain management is the most vital way to identify the crucial areas where focus important. Supply chain management assist organizations with organizational goals. Without properly-devised and fully-functional supply chain management system; you always risk your business of being exposed to increased liabilities and legal bindings.

 

A supply chain, literally, is the network of a company with its business partners that it uses to move a product from one stage of development to the other. Different aspects of design and development of pinpointed strategy take place when it comes to supply chain management. Some of the most important aspects of a full-fledged and wholly-improved supply chain management system include the processing of goods, managing the good in specialized steps, maintaining the inventory in systematic manner etc.

 

The supply chain management system is gaining a wide limelight because of a range of factors. Companies today need highly effective means of channelizing systems and for that work to be worked out, it is very important that you take the help of supply chain management system.

A properly-devised supply chain management system is beneficial for the overall good of a company.

 

Samer El Bizri is the CEO of the Zeconomy, Inc. which provides the help in supply chain management and enterprise software. With Zeconomy, Inc Samer El Bizri provides business-to-business online payment services designed to access liquidity from anywhere in supply chain. The company’s business-to-business online payment services are automated and secured, enabling businesses to trade liquidity for price discounts far beyond their direct customers and suppliers without increasing credit risk.

To read more, please visit here: http://samerelbizri.bravesites.com/

Supply Chain Management

Supply Chain Management: Focal Factors To Consider and Integrate

In the backdrop of global economic sluggishness, fluctuating fuel prices, increasing concerns over safety and subsequent social regulations, escalating expectations of clients, effects of globalization, streamlined technology, ever-changing transportation scenario, rising transportation costs, and declining capacity, shipping industry is exasperated managing their impacts. Managers handling freight shipping services nationally and internationally are faced with an array of challenges and opportunities that dramatically contrast with those of a few years ago.

 

The plights that hover over the transportation management industry have been aggravated by the factors that include growing shortage of truckers and falling transportation capacity. In such circumstances, shippers and core carriers find adapting to the changing logistics scenario to be difficult, resulting in operational shortcomings and missed opportunities. Spectacular among the chart of missed opportunities is completely leveraging the logistics management system as a decisive strategic part within the supply chain.

 

Logistics management system has a vital role in building flawless supply chain management system, which consists of suppliers, manufacturers, distributors and customers. This system plays an intriguing role in fulfilling the basic commitment of the supply chain management by moving inbound shipments from point of supply or origin to point of manufacturing units, shifting stocks among different units and distribution points, and then shipping the finished items to the customers. The benefits that should come from good shipping operations that include supply, production, and customer locations can never be realized without the integration of a good shipping planning and implementation. Getting stocks piled and available for delivery cannot be enough unless they are transported to the customer locations cost-effectively and in the face of needs. To make this supply chain a success, there are a few factors that need to be focused on. Those factors include Planning, Lane Operations, Carrier Choice, and Loading and Unloading Operation.

 

Planning: Freight shipping strategists need to first focus on the mode of transportation issue. They should have to decide which mode among their lots of varieties would be appropriate to keep up the flow of supply chain. Their plans should take into account of the supply chain flow issue, network design, tying up with best carriers only to enhance operational quality, ways to fulfill service commitments, and installing of ingenious and updated technologies. If they can ensure that they will have the bargaining power about freight rates with carriers, they will definitely be on an advantage position. Competitive freight rates if offered can attract more clients. But, sole freight rating cannot be enough to counter with best quality shipping services, which should always be of paramount consideration.

 

Lane Operations: Freight shipping strategists should focus on creating well-networked transportation design to streamline and coordinate product movement. This movement design should be in keeping with day-to-day operational freight shipping. Strategists should ensure that these functions can be performed cost-effectively. At the same time, value-added services need to be ensured. All these can take shape when lane operating planning prioritizes on freight consolidation which integrates supply chain components like vehicle, carriers, etc. Identifying the less dense lanes across all service regions for a logistics company is very important to streamline the freight shipping services.

 

Carrier Choice: The choice of carrier is very crucial for keeping up supply chain flow. Rail, air, ocean and truck are the ways to transport goods to defined locations. Shipping companies should have ties with the carrier companies that have all these transportation facilities. It will help them transport the products of their clients via the choice of the most suitable carrier. While tying with the carrier company, the strategists of the shipping company should ensure that they will have the bargaining power about the freight rates with the carrier companies. Bargaining power will give them confidence to give their clients discounts. In addition to it, a supply chain management system can go on swimmingly if shipping company can ensure that they have tied up with those carrier companies who have normal, emergency, faster transportation and delivery capabilities via different modes of their transports.

 

Loading & Unloading Operation: Planners should take the loading, routing, scheduling, and unloading issues very seriously. If they can guarantee that they have a definite, comprehensive and convenient dock planning, they will certainly be able to ensure that their transportation support will be best-suited for the sustenance of supply chain management service.

 

Supply chain management planners should go for only long-term shipping strategies. They need to look whether their plans are effective, comprehensive, and convenient. When quality service is a-must for keeping up the supply chain flow, cost-effective service is compulsory for customer satisfaction. In a word, both operational issues and freight shipping expenses are very crucial for this service.

 

Samer El Bizri is CEO of the Zeconomy, Inc. based in New York which provides help in supply chain management and enterprise software. Zeconomy Provides business-to-business online payment services designed to access liquidity from anywhere in supply chain.
To read more, please visit here: https://samerelbizri.wordpress.com/

supply chain management

Optimize The Speed of Your Business With SCM Software Solution

Companies that are preparing to implement logistics and supply chain management software solutions for the first time may be a little curious about how these types of software tools help business operations. However, CIOs and the others in leadership often understand the rush towards supply chain management (SCM) and other types of enterprise planning tools. Global supply chain management is often a key part of innovating in the modern business world.

 

Supply chain management software solution help a lot for businesses in every sort of industry. SCM tools can automate much of the physical supply chain process, and provide analytics and business intelligence for growth. These tools help human leadership team to fine-tune business operations and make them as efficient and effective as possible, for a competitive advantage in a particular industry.

 

Utilizing a logistics technology solution can reduce shipment costs by offering increased visibility into multi-modal shipment options available. Without adequate visibility into logistics operations, many businesses may not realize that shipping by sea may be a much more cost-effective option for a particular shipment than shipping by air. Using technology to evaluate model options can greatly reduce a company’s overall shipping costs.

 

SCM software helps to keep your business organized and maintain a relationship with the merchants, suppliers, and customers. It takes care of the entire transaction process, product supply, shipping, product planning, scheduling, etc. in the entire supply chain management process. It improves your customer service as it gives better shipping experience. The customers can track their products and the supplier can do so as well. Hence the status is updated at both the ends and if there is any issue, action can be taken immediately. The real-time visibility and updates make it simpler and easier for you to quickly tackle the issue offering a very good experience to the customers.

 

Most businesses of a larger size have enormous volumes of materials and supplies flowing around multi-location business footprints, coming and going in dizzying and elaborate ways. When SCM complexity is too difficult to assess through spreadsheets or documents, supply chain management software helps to maintain order and organize these processes. This way, decision makers can see at a glance what is being sent out for delivery, where it is going, and what is coming in. In a nutshell, SCM software breaks down a massive amount of supply shipments into something that company leaders can pursue in detail.

 

Samer El Bizri is CEO of the Zeconomy, Inc. that based in New York who provides help in supply chain management and enterprise software. The company’s business-to-business online payment services are automated and secured, enable businesses to trade liquidity for price discounts far beyond their direct customers and suppliers without increasing credit risk.
Also read here: Managing Risks in Implementing Enterprise Software

Optimizing Supply Chain Management in Small and Medium Scale Enterprises

We have vast numbers of Small and Medium Enterprises (SME) in any given economy but their impact in national economic development is relatively low due to low operational efficiency. Implementation of Supply Chain Management system in SME will reduce operational cost and increase efficiency.

 

Implementing an effective Supply Chain Management system in SME has an important role to play in order to ensure economy growth and development. The bottlenecks experienced by SME needs to be identified and eliminated in order to enable them to develop. Supply Chain Management is the process of integrating all the components of production and supply processes. It is the management of the flow of goods and services as required by the final consumer.

 

Application of the below models will help in eliminating the challenges facing efficiency and effectiveness of a Supply Chain Management system in SME. Firstly, the Product and Consumer integration while the Second, Production and Supply integration.

 

The Product and Consumer integration: it describes how best the activities involved in delivery of the right quantity of products, with the required specification at the prescribed time gets to the consumer in the right condition. Here is how to get started.

 

Firstly, for a start-up or existing business Research and Development (R&D) is necessary for identification of products needs in the consumer market. This will give a view of products trends in the new and existing market and allow SME’s to quickly understand what the market needs. This stage is very imperative; as it will assure SME’s that the goods being produced will move in the market.

 

Furthermore, identification of products needs in accordance to the market request. Once the specification is well-defined it will be communicated to other sections in the value chain system. And this will ensure production is in line with the exact quality of product required by the market.

 

Thirdly, a market survey needs to be carried out to ensure the volume in projected production is what the capacity of the market can consume at every point in time. This survey will enable high inventory turnover, which will ensure quantity produced is what the market can consume at every point in time.

 

The Production and Supply integration: it describes how best the activities involved in production starting from procurement of raw materials to the point of supply. Below are the necessary steps in achieving the bottom line.

 

Firstly, the identification and detailed definitions of items and quantities that needed to be produced. Goods must be in line with the agreed specifications of the market request. The bottom-line is to have the required quality of materials, as any flop in this stage will affect the entire value chain.

 

Secondly, procurement of materials must be in accordance to the production plan and scheduling. More so, storage condition and shelf life of each material has to be considered in purchasing and storing of materials.

 

Furthermore, the issuance of raw materials has to be done in line with the required components that are needed to make the intended specification of the finished product. An Enterprise Resource Planning technique will be deployed to manage inflow and outflow of raw materials.

 

Finally, the production of goods, this is the most critical point in the value chain. Any flop that occurs here will affect the bottom-line. Production processes, policies and procedures will be design to ensure time management and quality production.

 

In summary, application of the above measures in operations will bring about success in the bottom line. The effective management processes will balance the need of the customer with the supply of the said products or services without waste in the system.

 

Samer El Bizri is CEO of the Zeconomy, Inc. Zeconomy Provides business-to-business online payment services designed to access liquidity from anywhere in supply chain. The company’s business-to-business online payment services are automated and secured, enabling businesses to trade liquidity for price discounts far beyond their direct customers and suppliers without increasing credit risk.

Want to learn more, then visit here: https://www.zeconomy.com/

Optimizing Supply Chain Can Deliver Value – Samer El Bizri

Supply chain departments typically control the flow of goods/materials from suppliers to customers. An organizations supply chain function can consume a significant portion of business costs, through their control of a large percentage of the cost of sale. Inefficient supply chains can be characterized by bureaucracy and ‘hidden costs’ or waste such as overstocking inventory, paper led processes and poor controls and policies.

 

Pioneered by the automotive industry it is now common for supply chain organizations to undergo optimization initiatives or “leaning” to improve efficiency and reduce costs. Aiming to improve symptoms such as lengthy and complex business processes which include a variety of non essential non value tasks, too many staff, large numbers of suppliers and finally (and most importantly) increased costs.

 

Commonly supply chain optimization is wrapped up within business improvement initiatives – these may utilize a kaizan approach or other such improvement model and are usually led and managed by a team within the business. It is increasingly common to find external consultancies that specialize in Supply Chain optimization and introducing best practice.

 

Optimization can occur at any stage in the process (from customer requirement through to sales and distribution) and typically they center on aligning the companies procurement, manufacturing and warehouse processes against required output. If you need any guidance then Samer El Bizri can help in supply chain management and enterprise software.

Common areas that are reviewed during optimization can include:

 

1) Improved Forecasting and Planning

Ensuring that the organization has the correct inventory levels against consumption is one of the fundamental of an optimized supply chain – inefficiency can be seen in both over and under stocking or in some cases having no items at all to satisfy need. Improved forecasting and planning – closer attention to bill of materials (BOM) and analysis of ‘moving’ inventory can help. Often this can be supported via an information system or ERP module.

 

2) Inventory rationalization

Ensuring that you have the correct stock at the right level at the right place and time is paramount to a successful and efficient supply chain. A common optimization task is analyzing inventory which is often categorized into runners repeaters and strangers – in order to rationalize and organize stock against actual need. An inefficient supply chain often has incorrect inventory (both in type and quantity). Overstocking can result in increased purchasing and storage costs whilst understocking can result in production stoppages or unhappy customers, both of which affecting the bottom line.

 

3) IT Systems

Optimization often includes a review of the IT system – efficient supply chains require not only superb transaction management but also forecasting and planning tools, inventory controls and a management information system to help businesses keep track. Recently integration between systems and organizations has become important to optimized supply chains – linking suppliers and customers in an end to end process using a single information flow can greatly reduce waste within a process and produce greater agility for all parties. IT systems are often re-configured or replaced as part of Supply Chain optimization project.

 

4) Outsourcing

When reviewing supply chains organizations often consider outsourcing some or all activity to 3rd party companies (often referred to as 3rd Party Logistics Organizations). Outsourcing non-value add activities or core business activities allows the organization to focus on adding value to its key processes – whilst often reducing costs. One common area that is often outsourced is warehouse or inventory management activities.

 

These four initiatives represent only a small element of optimization – as stated supply chain processes extend from purchasing materials through to the dispatch of the goods to the customer so there is often significant scope for improvement in almost all organizations. As such optimization of the supply chain is often modular in that particular areas (those that may generate ‘quick wins’) may be focused on first with other ‘functions’ following.

 

Samer El Bizri is a successful businessman and CEO of the Zeconomy, Inc. based in New York. Mr. Bizri specializes in business management and competitive analysis.
To learn more, then visit here: https://www.zeconomy.com/