Today, I’m talking to Andreas, one of aioneers’ founders and CEO of aioneers Technology. He will tell us more about the what’s and why’s of aioneers. In December we’re taking some time to introduce you to our team, and we’ve been running an advent calendar on social media.
Today on our blog: watch Titus and Sebastian explain why we started AIO on GitHub, our OpenSource project for the supply chain community.
A comprehensive, forward-looking open-source library of code for supply chain scientists does not exist, which means we are all working from scratch for every project. We are taking old scripts, copying them, and adapting them for every new project.
In our ongoing series, we are tackling the topic of working capital management from different perspectives. Today, I am chatting with Elena Bail who I have worked closely with for several years. She is a Senior Manager at EY with more than 20 years of experience in working capital management.
Sustainable working capital management is not only about improving processes, having shiny-looking KPI reports in place, and fine-tuning your balance sheet. Working capital management is a cross-departmental discipline that poses particular challenges within your company’s organizational setup. Today, we want to take you through some ideas on how to establish working capital management as a foundation of your organization.
If you’re seeking continuous improvement for your supply chain, your inventory management is a key area. We already looked at some basic steps for optimizing your inventory management. This week we’re focusing on business processes and the role they can play in this.
Optimizing your inventory isn’t just about making your balance sheet look better, or seeing your liquidity improve. If you streamline and readjust your approach to inventory, you’re going to see it start working for you.
Few anticipated the apocalypse that 2020 has so far been, and fewer still prepared for it. As the numbers of cases rise again, we aren’t suggesting building a bunker or panic-buying the pasta aisle again. Instead, we want to talk about liquidity, and how an effective approach to working capital management will help you navigate and emerge strengthened from the crisis. If you want to improve your business’ liquidity and sail smoothly over this second wave, then here are four simple measures to help free up your working capital.
In the last few months, we have seen how important liquidity is: as the COVID-19 crisis hit, a threat to the survival of many companies surfaced within the first few weeks. More than ever, this shows the importance of working capital management as an existential element to the financial health of your business. This article kicks off our series on working capital management. In the next weeks, we will take a deep dive into working capital management and its most important aspects. This week: the impact of economic downturn on working capital management.
The introduction of new technologies changes the way the supply chain is organized. Cloud computing has initiated a movement from functional supply chains to network-based ecosystems. Through cloud technology, information-based tasks like forecasting, planning, order management, analytics can easily be shared with specialized service providers – enhancing the performance of the supply chain and reducing costs. Cloud technology accelerates Taylorism, giving rise to Supply-Chain-as-a-Service (SCaaS).
Supply chain compliance is currently the subject of intense public debate under the heading of "Lieferkettengesetz". Three German federal ministries are involved, some of which have different views. Germany is virtually at the centre of events here: our economic system of large corporations, small and medium-sized enterprises, strong trade unions and moderate political parties committed to the Soziale Marktwirtschaft enables a serious and "mature" discussion on the subject of minimum ethical standards in the supply chain. As a strong exporting nation, we have a great responsibility for this topic.