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CONA is a strategic partner that provides its bottlers with a common set of processes, data standards, and technology platforms. While they are separate and independently-owned organizations, they agreed with The Coca-Cola Company to come on to a common data platform with common data standards.
Material requirements planning (MRP) The MRP is a system that calculates the inventory needed for production and drives procurement to ensure that items are ordered in time. Managed properly, the MRP can optimize material and product levels. It improves the efficiency, flexibility and profitability of manufacturing operations.
McKinse y, Cap Gemini and the Boston Consulting Group all suggest digital transformation is about applying digital technologies [such as Artificial Intelligence (AI), Machine Learning (ML), the Internet of Things (IoT) and Blockchain] to operational processes and creating improvements.
Material Requirements Planning (MRP) can be a crucial tool in MTO. MRP is a kind of inventory optimisation system, meaning that it creates recommendations for inventory requirements to maintain the correct levels of inventory. The MRP can also be used to specify alternate materials and suppliers.
One person provided a resource, such as steel, to another group of people, who then sent along the items to the final person in the chain. Will my current OE, MRP, ERP, or other database systems allow for integration ?”. Can I easily access my company data without involving outside IT experts?”.
As global supply chains become more complex and customers more demanding, the race is on to develop software applications that can effectively manage and make sense of the zettabytes of data being generated by our digital world. Of course, capturing the data and then using it to make good decisions are two entirely different things.
ABC Analysis: A form of Pareto analysis applied to a group of products to enable selective inventory management controls. ABC Classification: The classification of inventory, after ABC analysis, into three basic groups for the purpose of stock control and planning. In EDI data standards this is referred to as an 856 transaction.
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