Tag Archives: cost reduction

‘Cognitive manufacturing’ – how the internet of things and analytics apply to factories

IBM Watson’s video is a great introduction to IoT and analytics in the manufacturing context…  

Posted in Chap 06 Materials and inventory, Chap 09 Quality, Chap 10 Processes and technology, Sector: I.T. & ecommerce, Sector: Manufacturing | Tagged , , , | Leave a comment

How food retailers need to change their business model in response to online distributors

Insightful infographic by Oliver Wyman here that explains how the established food real chains need to respond to new competition from online operators such as AmazonFresh.  Most of the defensive tactics are operational – reduce costs, innovate in-store, and effective pricing. … Continue reading

Posted in Chap 14 Operations strategy, Sector: Retail | Tagged , , , | Leave a comment

Diageo to cut costs by £200 million

Interesting story and video on BBCBusiness website this week.  Diageo, the global drinks company, is planning to cut its costs by £200 million by 2017.  This is in response to a slow down in demand and hence a weakening of … Continue reading

Posted in Chap 07 Capacity and demand, Sector: Manufacturing | Tagged , | Leave a comment

The implications of zero-based budgeting for operations managers

I do not want to stay too far into the realms of finance, but clearly an organisation’s financial strategy, policies and practices have implications for the operations function.  And what struck me whilst reading this McKinsey & Company article about … Continue reading

Posted in Chap 15 Lean and agile, Operations Management | Tagged , | Leave a comment

How the operations focus of pharmaceutical companies has shifted

Accenture have just blogged about the current strategic priorities of the 20 largest pharmaceutical companies (on their life sciences blog).  What is interesting is how many of these are operational issues, specifically tagged in our blog.  I’ll just focus on … Continue reading

Posted in Chap 14 Operations strategy, Sector: Manufacturing | Tagged , , , , , | Leave a comment