Accenture is the world's largest supply chain consultancy and has acquired GRA, a logistics and supply chains consulting firm. Accenture is able to combine these services to assist its clients in meeting the changing demands of modern supply chains. Accenture's supply chains experts work with clients to deliver positive customer experiences. Accenture has acquired Blue Horseshoe Group as well as Xoomworks Group. We will discuss the importance supply chain capabilities for modern business strategies.
Accenture's Supply Chain Strategy
Recently, Accenture completed a global supply chain strategy for MedShare International, a 501(c)(3) charitable organization based in Atlanta that distributes surplus medical supplies in developing nations. The strategy was designed to optimize the entire supply chains, from procurement and sourcing to warehouse operations and customer interaction. It will be implemented over several consecutive years with the aim of increasing the organization's profitability. Its results have helped MedShare achieve its mission of tackling the global health crisis by helping the poorest of the world.
In order to satisfy consumers' demands, companies must restructure their entire supply chain in order to be customer-centric. Customer-centricity allows them to create hyper-personalized products and experiences by leveraging it. These networks are vital for both a company's bottom line as well as the global economy. Accenture's supply chains strategy helps organizations speed up their journey to customer-centricity. This includes identifying and implementing targeted commercial interventions as well as cash flow.
Accenture's acquisition Alfa Consulting
Accenture acquired an operations strategy consulting company that specializes for capital-intensive industries in a recent acquisition. Alfa, which is based Spain, has offices throughout Spain, Portugal, Spain, as well as Mexico. Alfa's focus is on supply chain management and analytic models for a variety of industries, including tech and energy. Accenture's growing global business will add Alfa to its supply chain management team. Clients can expect greater efficiency and sustainability for their supply chain operations.
Accenture will integrate Alfa Consulting into its Supply Chain & Operations group. It helps clients create customer-centric supply chains and sourcing transformations. Accenture will offer its own value-based maintenance services and workforce planning. Accenture will have greater supply chain capabilities across Iberia with this acquisition. And while Accenture has a strong presence in the U.S., Alfa is still a significant player in Europe.
Accenture's acquisition by Xoomworks Group
Accenture has announced that it has acquired Xoomworks. Xoomworks is a technology and innovation advisory firm. Accenture's Closed Loop Spend Administration capabilities will be strengthened, providing clients unparalleled visibility and insight into all price ranges. It also strengthens its ecosystem partners, who have deep expertise in digital change management and innovation. Accenture is adding another talent pool to their global talent pool by acquiring this company. Accenture is one of the biggest consulting firms worldwide with more than 62,000 employees.
The Xoomworks Group was formed in 2000. It operates two businesses, Xoomworks Procurement & Xoomworks Technology. The company’s Procurement division offers digital sourcing and procurement solutions for clients in every industry. Xoomworks Procurement currently employs over 250 people across Europe, France, Germany and Romania. Accenture claims that the acquisition will increase its Closed Loop Spend Management capabilities which allow clients to make significant and sustainable cost savings.
Accenture purchases Blue Horseshoe
Accenture recently announced that it had acquired Blue Horseshoe (a supply chain integration and strategy company). Founded in 2001, Blue Horseshoe helps clients in a variety of industries define their enterprise strategies, connect applications, and optimize their supply chain operations. The company will combine offices in North Carolina (Ohio) and Estonia to offer a wide range supply chain solutions. Read on to learn more about the new acquisition.
The acquisition is the latest in a string of recent acquisitions by Accenture. Accenture is becoming more active in M&A and has acquired dozens upon dozens each year. Previously, Accenture acquired ad agencies and data analytics companies, but more recently, the company purchased a strategic IT consultancy named LEXTA. It is the third largest transaction in the company’s history.
FAQ
What is Six Sigma and how can it help you?
It's a method for quality improvement that focuses on customer service as well as continuous learning. The goal is to eradicate defects through statistical techniques.
Motorola invented Six Sigma in 1986 as part its efforts to improve manufacturing.
The idea spread quickly in the industry. Today many organizations use six-sigma techniques to improve product design.
What is a simple management tool that aids in decision-making and decision making?
A decision matrix can be a simple, but effective tool to assist managers in making decisions. It helps them to think strategically about all options.
A decision matrix allows you to represent alternatives as columns and rows. It is easy to see how each option affects the other options.
The boxes on the left hand side of this matrix represent four possible choices. Each box represents one option. The top row depicts the current status quo, while the bottom row represents what would happen if no action was taken.
The effect of choosing Option 1 can be seen in column middle. It would translate into an increase in sales from $2million to $3million.
The next two columns show the effects of choosing Options 2 and 3. These are both positive changes that increase sales by $1million and $500,000. These positive changes have their downsides. For instance, Option 2 increases cost by $100 thousand while Option 3 reduces profits by $200 thousand.
The last column displays the results of selecting Option 4. This means that sales will decrease by $1 million.
The best part about using a decision matrix to guide you is that you don’t need to keep track of which numbers go where. You can just glance at the cells and see immediately if one given choice is better.
The matrix has already done all of the work. It is as simple as comparing the numbers within the relevant cells.
Here is an example of how a decision matrix might be used in your business.
You want to decide whether or not to invest more money into advertising. You'll be able increase your monthly revenue by $5000 if you do. However, this will mean that you'll have additional expenses of $10,000.
You can calculate the net result of investing in advertising by looking at the cell directly below the one that says "Advertising." That number is $15 thousand. Advertising is more valuable than its costs.
What are the three main management styles you can use?
The three major management styles are authoritarian (left-faire), participative and laissez -faire. Each style is unique and has its strengths as well as weaknesses. Which style do YOU prefer? Why?
Autoritarian - The leader sets direction and expects everyone else to follow it. This style is most effective when an organization is large, stable, and well-run.
Laissez faire - Each individual can decide for himself/herself. This style works best when the organization is small and dynamic.
Participative – The leader listens and takes in ideas from all. This style works best in smaller organizations where everyone feels valued.
What are the 4 major functions of management
Management is responsible for organizing, managing, directing and controlling people, resources, and other activities. It includes creating policies and procedures, as well setting goals.
Management helps an organization achieve its objectives by providing direction, coordination, control, leadership, motivation, supervision, training, and evaluation.
These are the four major functions of management:
Planning - Planning is about determining what must be done.
Organizing - Organizing involves deciding how things should be done.
Direction - This is the art of getting people to follow your instructions.
Controlling - Controlling means ensuring that people carry out tasks according to plan.
Six Sigma is so popular.
Six Sigma is easy to use and can lead to significant improvements. It provides a framework that allows for improvement and helps companies concentrate on what really matters.
What are the most important management skills?
No matter if they are running a local business or an international one, management skills are vital. They include the ability to manage people, finances, resources, time, and space, as well as other factors.
Management Skills are also needed when you're setting goals and objectives, planning strategies, leading teams, motivating employees, resolving problems, creating policies and procedures, and managing change.
As you can see, there are many managerial responsibilities!
Statistics
- The profession is expected to grow 7% by 2028, a bit faster than the national average. (wgu.edu)
- The average salary for financial advisors in 2021 is around $60,000 per year, with the top 10% of the profession making more than $111,000 per year. (wgu.edu)
- UpCounsel accepts only the top 5 percent of lawyers on its site. (upcounsel.com)
- As of 2020, personal bankers or tellers make an average of $32,620 per year, according to the BLS. (wgu.edu)
- Your choice in Step 5 may very likely be the same or similar to the alternative you placed at the top of your list at the end of Step 4. (umassd.edu)
External Links
How To
How can Lean Manufacturing be done?
Lean Manufacturing techniques are used to reduce waste while increasing efficiency by using structured methods. They were developed by Toyota Motor Corporation in Japan during the 1980s. It was designed to produce high-quality products at lower prices while maintaining their quality. Lean manufacturing emphasizes removing unnecessary steps from the production process. It includes five main elements: pull systems (continuous improvement), continuous improvement (just-in-time), kaizen (5S), and continuous change (continuous changes). It is a system that produces only the product the customer requests without additional work. Continuous improvement means continuously improving on existing processes. Just-intime refers the time components and materials arrive at the exact place where they are needed. Kaizen refers to continuous improvement. It is achieved through small changes that are made continuously. The 5S acronym stands for sort in order, shine standardize and maintain. These five elements are combined to give you the best possible results.
The Lean Production System
The lean production system is based on six key concepts:
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Flow: The goal is to move material and information as close as possible from customers.
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Value stream mapping: This is a way to break down each stage into separate tasks and create a flowchart for the entire process.
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Five S’s - Sorted, In Order. Shine. Standardize. And Sustain.
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Kanban: Use visual signals such stickers, colored tape, or any other visual cues, to keep track your inventory.
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Theory of Constraints - Identify bottlenecks in the process, and eliminate them using lean tools such kanban boards.
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Just-in Time - Send components and material directly to the point-of-use;
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Continuous improvement - incremental improvements are made to the process, not a complete overhaul.