Objective
As a consortium we want to address two key challenges to the European industry. A first is to globalise their supply chains while reducing inventory investments. Globalisation is an opportunity for both selling and sourcing but it increases lead times and their variability. As such it increases inventories and working capital. To meet competition in a global economy it is necessary to reduce working capital needs.
A second key challenge to the European industry is to deliver ever-more customized and up-to-date products, again while reducing inventory investments. Today, product introduction and end-of-life stages are typically poorly supported and managed, resulting in excess inventories. To meet the demand of a global but more individualized customer it is important to increase the pace of product introductions while decreasing working capital needs.
As a consortium spanning the academic, the business and the world of information technology, we see an opportunity in leveraging recent advancements in information technology to feed breakthrough multi-echelon supply chain optimisation models. Our key value proposal is to improve and automate product life cycle management over multiple levels in a supply chain. We believe the different stages of a product life cycle need a different answer. We propose breakthrough innovation for the different stages (introduction/maturity/end-of-life). In a next step we address the integration of these stages. Automated switching from one technique to another is important in sustaining shortening product life cycles.
This automated switching is a green field from both an academic and a business perspective. Our consortium will develop optimisation components and package them into an add-on that can easily be integrated with existing ERP and APS packages. As such we will extend the current technological means and provide multi-echelon optimisation capabilities through an existing ERP and APS backbone.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- social sciences other social sciences development studies development theories global development studies globalization
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
FP6-2004-NMP-TI-4
See other projects for this call
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Coordinator
SINT-MARTENS-LATEM
Belgium
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.