Every supply chain problem requires a unique solution: One size fits all simply isn’t a thing in this industry of countless complexities. That said, no matter the challenge, client, or prospective customer, we at Profit Point build everything we do on the same three keys to success in any supply chain improvement project: People, Process, …
Read more
All posts by Mark Rockey
Raw material shortages and chaotic supply chains can wreak havoc on manufacturing schedules and have planners scrambling for solutions. But with the right visibility into processes, schedulers can better assess how effectively production time is used, detect potential conflicts, and identify bottlenecks and constraints – and it can be a game changer. Profit Point recently …
Read more
Read more
Supply chain network design is all about creating a model of your existing supply chain network and then adding in alternative possibilities to evaluate them analytically. This gives business leaders a relatively easy, fact-based way to look at how effective their current supply chain is and compare alternative configurations. When done effectively, smart supply chain …
Read more
Read more
Our normal mode of operation here at Profit Point is to work virtually from our homes. We travel to client sites as needed and get the Profit Point team together face to face several times a year. Our last face to face meeting was in December 2019. This seems like forever and a day ago, …
Read more
Read more
Recently, I was out with some friends to check out a Chinese restaurant I had never been to before. As usual, I looked forward to getting my fortune cookie. My fortune was totally nonsensical as happens sometimes but my friend’s fortune read as follows: “Getting the right answers is only possible when you have asked …
Read more
Read more
In this case study, Profit Point’s client wanted to find a more automated and better way to create and maintain the production schedule across several batch reactors and schedulers. As a result, we engaged with the customer to design a production scheduling tool using Aspen Tech’s Aspen Plant SchedulerTM.
Read more
Read more
Recently, I was reading the current issue of Cornell Engineering Magazine. In it, they had a profile of an alumnus named Howard Morgan. Mr. Morgan is a 1968 Ph.D. graduate of Cornell and a venture capitalist. You can read the article in Cornell Engineering Magazine here. One paragraph in particular struck me. It reads: “[Mr. …
Read more
Read more
There are many production scheduling tools available commercially. Some are more tailored to specific environments (such as a specific type of manufacturing) while others are applicable to a wide range of applications. When we talk about Advanced Production Scheduling Tools, there are certain characteristics that we have in mind including the following: 1) Both materials …
Read more
Read more
Frequently when we work with clients to implement decision support tools for supply chain scheduling and planning, they often have some unique constraint that is essential to model and may be unique to their environment. Some recent examples we have encountered include the following: When producing a batch in a make to order environment, the …
Read more
Read more
In this case study, Profit Point engaged with the customer to design a tool using Aspen Tech’s Supply Chain ManagementTM suite. The tool uses the built in optimization engine to find the best solution and is also highly flexible in allowing the user to specify certain specific constraint values that must be adhered to.
Read more
Read more
Here at Profit Point, we typically put in a fair amount of effort up front to scope out a project together with our client. This typically helps us and our client to set appropriate expectations and develop mutually agreeable deliverables. These are key to project success. But another key element to project success is …
Read more
Read more
We just finished the fall soccer season in my home. I was thinking about watching my children play soccer when they were younger after a conversation with one of our consultants. He had just come back from visiting a prospective client where he was doing an assessment of their supply chain work processes and systems. …
Read more
Read more