INITIATIVE MANAGEMENT
Somewhere
in the Executive Handbook, appear these statements:
How can
we possibly have so many different versions of the
same materials or parts? Eliminate redundant specs
in 6 months.
We need enough redundancy in our network to be resilient
to external events, but not too many so as to impede
our cost model. Rationalize the number of suppliers
by Year End.
Unfortunately, the handbook doesn’t
state how to make the statements actionable –
how to affect change. Nor does it lay the foundation
of an information-rich company that is capable of monitoring
the decisions of commodity managers, engineers, and
suppliers.
That’s why Newview introduced Initiative Management.
Newview’s Initiative Management provides the real-time
monitoring of new material introduction and purchase
activity in the framework of a measurable set of objectives
in time.
Challenge
Structure executive statements online and link to the
real-time data of procurement and engineering to monitor
and affect change.
- Define target values and timeframes
by initiative type
- Allocate the objectives of an
initiative to team members
- Monitor real-time procurement
and engineering activity
- Present progress on internal
and supplier dashboards or portals
- Trigger rewards for positive contributions
and outcomes
TOP
Solution
Newview’s Initiative
Management application is focused on materials that
exist at the “Bottom of the Bill of Materials.”
These may include raw materials, fabricated parts (with
high raw material content) and standard components (additional
items that get lost in the details).
With structured initiatives linked
to real-time data, a company can:
- Reduce the time it takes to gather
and report progress
- Create a fact-based review of
progress with internal and supplier programs
- Help employees and suppliers
identify positive actions by increasing the
Directive to Action to Reward cycle time
Newview’s IM is the only solution
designed with a full set of processes to manage the
complex environment of raw materials, fabricated parts
and other components that exist at the “Bottom
of the BOM.”
|
INITIATIVE
MANAGEMENT |
| Initiative
Workbench |
Provides
a basis for defining material management initiatives,
setting measurable objectives, and reporting progress
against those objectives by contributing group (team). |
| Initiative
Portlet |
Brings
visibility to the daily progress of initiatives
for teams, for business units and with suppliers |
| Initiative
Types |
Provides
a framework and template for defining material management
initiatives |
| Team
Allocation |
Allows
a leader to allocate responsibility of the total
initiative, and with the most opportunities, to
team members |
| Activity
Monitoring |
Captures
the decisions at the workflow level to track positive
decisions made inside the company or with suppliers |
| Rewards
Management |
Manages
the allocation of incentives associated with successfully
meeting initiative objectives. Incentives could
include price considerations to suppliers, bonus
allocations to employee teams, or non-compensatory
considerations |
| Built
on Newview's Network
Business Process Architecture™ |
For real-time monitoring of activity with suppliers
and materials |
TOP
|
