The SEF 2 or Suppliers Exchange Forum was a premier event in Central American calendar attended by more than 800 participants, exhibitors and speakers. The
The SEF 2 or Suppliers Exchange Forum was a premier event in Central American calendar attended by more than 800 participants, exhibitors and speakers. The
Retail Supply Chain Is Going Through A Massive Shift. So much so that big names such as Walmart has decided to adopt the “bargain” strategy
Loyalty is an essential trait for any successful relationship. It is the basis of trust, respect and mutual understanding between two parties. Loyalty also translates to commitment and dedication in every aspect of life; whether it be personal relationships, work or even hobbies. The value of being loyal is often underestimated, but its impact is immense.
In a recent survey conducted by the American Supply Chain Association (ASCA), the results indicate that more than half of CEOs in the supply chain industry are not in favor of using social media for their businesses.
The supply chain industry is a constantly changing and evolving field. In order to remain competitive, organizations must create cost-conscious cultures that enable them to optimize their operations.
The role of global leaders in the green supply chain industry is growing each year, as companies strive to reduce their environmental impact and increase sustainability. Taiwan has become a leader in this field, with many major corporations setting up operations on its shores.
Supply Chain Asia’s Board is a premier international organization focused on the promotion of supply chain professionals, innovation, and collaboration within the industry. Established in Singapore in 2005.
For companies looking to reduce their environmental impact and embrace sustainability, a green supply chain is an essential first step. Supply chains are responsible for the majority of greenhouse gas emissions from businesses and make up a large percentage of operational costs.
Supply chain management has become an important factor in the success or failure of many businesses. The euro is a major player in the world’s supply chain, providing a single currency that facilitates international trade between European nations.
As India’s economy continues to grow, so too does the need for efficient and reliable supply chain infrastructure. From businesses of all sizes to international conglomerates, the ability to quickly and accurately move products from their point of origin to the intended destination is essential for success.
The future of supply chain is an important and ever-changing topic. It is a critical aspect of many industries, including retail, manufacturing and healthcare.
The History of Sustainable Packaging Industry. It packs a lot in a small space, efficiently uses the minimum amount of resources, it’s not a product
The Cost Reduction Tips
By Stuart Emmett
by Doug Hudgeon
Executives Supply Chain Business Steve Jobs famously asked John Sculley “Do you want to spend the rest of your life selling sugar water — or
Here’s What People Are Saying About Implementing New Software By Doug Hudgeon The Cost Reduction Tip The success rate of software implementations is woefully low. Dough Hudgeon There
By Stuart Emmett Understand Leadership Principles of Supply Chain Before You Regret. This article puts over what I see as essential leadership principles. They are taken
About Individual of Supply Chain Business By Doug Hudgeon The Cost Management Tip by hudgeon- As I’ve planned my upcoming tips, I’ve been pondering which
By Doug Hudgeon The Weekend Cost Management Tips In Supply Chain On the weekends, I’ll give a short cost management tips without web or book
How To Get People To Like Re-Thinking Supply Chains A Look At Rethinking Supply Chains By Stuart Emmett Stuart Emmett co-operated with our very own Vivek
Logistics And Supply Chains -Wrong Definitions A closer look at the confusion between logistics and supply chains by Stuart Emmett Stuart Emmett co-operated with our very
Five fundamental questions that every environmentally pro-active CEO needs to ask about their Supply Chains?
Supply Chain Business A serious look at Tendering by Stuart Emmett . Stuart Emmett co-operated with our very own Vivek Sood to co-write the book
Supply Chain Business By Doug Hudgeon The Cost Reduction Tip Tom Bender from SpendCorp contributed today’s tip: It’s not enough to do good work, your stakeholders
By Doug Hudgeon
The Cost Reduction Tip
Cost analysis is a vital part of an efficient supply chain. With cost analysis, businesses are able to assess their current spending and plan for future investments. Monte Carlo simulation is an advanced method of cost analysis that uses random sampling to help organizations identify potential risks and opportunities. Google Spreadsheets provides businesses with a convenient platform for conducting Monte Carlo simulations.
Doug Hudgeon is one of the leading experts on cost reduction and supply chain management. With years of experience in the field, he has a wealth of knowledge that can help companies reign in their costs and become more efficient.
The Cost Reduction Tip In the Eric Carle children’s story, The Mixed Up Chameleon, a chameleon attempts to become the perfect animal by adopting the best parts of different animals, e.g. an elephant’s trunk, a giraffe’s long neck etc. At the end of the book, he’s so mixed up that he cannot catch flies.
By Doug Hudgeon The Cost Reduction Tip When looking at cost reduction opportunities in an area, you should start by assuming that you can remove
Supply Chain Business By Doug Hudgeon The Cost Reduction Tip In the 1970s and 80′s, skateboarding went through a renaissance. Difficult tricks became commonplace and
By Doug Hudgeon The Cost Reduction Tip EFFECTIVE COST MANAGEMENT REPORTS PREPARATION. Effective management accounts are critical to a cost reduction initiative. Without it, your
Innovative Supply Chain Modern SC management is a complex and ever-evolving field. In order to keep up with the changing global economy, businesses need to
Corporate Social Responsibility In INDIA (Part I Overview) Corporate social responsibility must not be defined by tax planning strategies alone. Rather, it should be defined
About More Software Development Estimates Reblogged from Startup Answers: (written by Michael Wolfe) Map Let’s take a hike on the coast from San Francisco to
The key to realizing value in business is to use your business network. The marketplace has moved on from a time when the competition was
About Retail Supply Chain strategy Digitization of Retail Supply Chain Strategy is creating strange consequences. Here is one example: Analysts are openly questioning the survivability
This week America has the delight of interviewing Vivek Sood, the CEO and Founder of 5-STAR Business Network. As a business network that offers innovative solutions to help small businesses succeed, 5-STAR has quickly become one of the leading resources to turn to in times of need.
The introduction of the iPhone 7 has revolutionized the way we view and use technology. Its sleek design and powerful features have made it one of the most popular smartphones on the market.
The study of history is filled with valuable lessons that can provide us with insight into how to shape the future. From ancient civilizations to the modern world, the most powerful lessons of history can be used to inform decisions about our current societies and potential outcomes for years to come.
The banking industry had a rough month in January 2021, with news of large-scale layoffs, decreased profits, and other economic woes. However, while this was a difficult time for traditional banking institutions, the same period saw an increase in the visibility of business networks offering alternative models for financial services.
In the business world, cost cutting is often seen as a way to boost profits and increase competitiveness. However, when it comes to supply chain management, cutting costs can sometimes have an opposite effect.
The Eurozone is facing record unemployment levels, and businesses across the region are taking action. In response to the alarming unemployment rates, business networks in the Eurozone have come together to form a collective effort to fight this economic crisis.
If you’re looking to take your business to the next level, you’re in luck! This article will provide five star business boosters that are sure to give your enterprise an edge over the competition.
In the ever-changing world of technology, relevancy is key. Today, PC sales are on a steady decline as more and more businesses are turning to cloud-computing solutions.
In recent years, Intel Corporation has become a leader in the production of computer hardware and software components. But, as one of the biggest suppliers of microprocessors to the technology market, has Intel failed to capitalize on the growth and potential of mobile devices?
In recent years, Bitcoin has been gaining traction as one of the most popular digital currencies. As such, many entrepreneurs and businesspeople have considered setting up a business that deals with Bitcoin, from exchanging it to investing in cryptocurrency.
The economic growth rate in China has been slowing down, surprising analysts and economists. Since the start of 2019, the Chinese economy has seen its slowest growth in nearly 30 years.
As the world’s largest company by market capitalization, Apple has long been an example of success and financial stability. However, the latest wobble in the company’s share price has some investors worried.
Are you an aspiring business owner or entrepreneur looking for resources to help you succeed? If so, the 5 Star Business Network is an essential tool in helping you reach your goals.
The world has changed drastically in the last few months, and businesses have been forced to adjust their strategies in order to remain successful. As a result, new business models have emerged as a way for companies to stay competitive and profitable in our new global context.
Collaboration Is The NEW Advantage in Supply Chain For decades, if not centuries, economists have been extolling virtues of competition. No doubt, competition unleashes forces
About Human Courtship on Supply Chain I vaguely recall reading a research paper on human courtship by a US professor, where he hypothesised a 13 stage courtship process starting with eye-lock to for-ever-after. He had studied several human societies – ranging from primitive isolated tribes to modern urban tribes and concluded that the process was
Complex organisations have always existed, but we have to admit that the level of complexity has tremendously increased over the past centuries, especially over the past decades. Complexity now touches everyone, and every organisation. This is something unavoidable, and that is the reason why companies have to learn how to manage it, how to live
The Natural Gas Supply Chains Coming Re-Alignment Of The Natural Gas Supply Chains On A Global Scale, And Its Impact On Downstream Petro-Chemical Manufacturing Traditionally, the natural gas market in Europe was served by Russia, while Asia got most of its natural gas from the Middle East. That is why prices of natural gas in
Strategies of Supply Chain Company For every business or economic activity, there is a time when it falls behind its competitors. No matter whether the situation comes to you at the initial stages or you are facing a sudden challenge right after touching the tip of popularity, you surely have to find out the way
The Age Of Global Business Networks Obviously, business networks have tremendously changed through the ages. The world has become global and business networks have kept expanding over the years and centuries. In fact, business networks used to be very small, even non-existent a few centuries ago. In former societies, businesses were not as developed as
A Business Network To Save Plunging Stocks Award-winning author Vivek Sood’s eagerly anticipated new book, The 5 Star Business Network, is due for release later this month. With further distressing economic news from Europe – Greek bank shares are plummeting and Portuguese shares have fallen too this week – the book could not have come
About Business Networks Global Business Networks are essential in nowadays’ business world, we have no choice but to accept this fact. In effect, no business can survive now without building a proper business network beforehand. This is the first reality anyone has to understand before starting his business. This is the root of all the
About Confronting Business Business networks have changed through the ages and they have become greater and greater, reaching a worldwide scale. Nowadays, companies have to learn how to manage the business networks’ changes and its expansion over the world. However, somehow, our current business networks are not new at all and have already existed in
Trends For Management Implied We have no choice but to accept that complexity is omnipresent in every organisation today. Complexity took a very important place in organisation because it is bigger than it used to be one century ago. For this reason, managers and executives have to learn how to run their business while managing
Sydney, 13 November 2013 Chromebook 11 charger fiasco Latest developments in the unfolding saga of sales halt of HP Chromebook 11 have seen both the key retail outlets now pulling it off the shelf following customer complaints of overheating chargers. HP is asking the existing owners of the product to use ‘any other Underwriters Laboratories-listed [
Supply Chain Networks Business The story started in the 19th century with the beginning of free markets. The world of free markets is the world where business exchanges started to expand to global organizations and relationships. Many exchanges were now possible thanks to the free markets. The allocation of resources is determined by supply and
Learn All About Business Networks Or Social Networks LinkedIn is a business network that allows you to socialise. Facebook is a social network that is trying to commercialise. Both are digital networks that allow you to do certain things and not do other things. Besides these, there are real world business networks made up of
About Business Relationships Although you may be good at building and maintaining relationships in your life, it can be very different when it comes to business. In effect, relationships between business partners are very specific relationships. As most relationships, they are based on a contract. The contract is the cornerstone of any relationship (personal or
Social Media Successfully Although social medias are crucial for your communication strategy, they can also be deadly for your business if you do not use them intelligently. There are some important rules and conditions for success by using social medias, and you have to understand them before starting to interfere with social medias. Your customers
Although Information Technology systems have evolved over the past decades, failures are still frequent. Most IT systems fail because their implementation does not follow the process and the conditions that it should. The people in charge often realize it too late, when the process is already in place. In fact, they only realize it when
Global Business Networks China, the giant economy has dominated the news agenda recently just like their dominance in the manufacturing arena. Several proposed reforms have caught more attention than others, such as the relaxation of the one-child policy, now that China’s population is aging. However, business reforms carry tremendous implications that are likely to affect
Demand In Supply Chain Business Taipei-based Foxconn Technology Group, whose biggest client is Apple, is to invest $US40 million in the United States to boost its high-end production chain. The move, welcomed by the US government, is part of the growing trend to seek a non-China outsourcing location. The world’s biggest contract electronics manufacturer will
The Power Of Preparation In Supply Chain When implementing a new Information Technology system, companies often neglect the preparation step and the story always ends with failures. Indeed, the lack of preparation is the first mistake to avoid. Preparation is the basis of the entire implementation process. Your results will depend on how you prepare
Supply Chain Business Network China’s three-year-old technology company Xiaomi has recently announced the sale of its flagship Mi-3 smartphone will be on the Chinese top messaging app Wechat. This is another in a series of tactics deployed by Xiaomi to get to the heart of consumers and spur their demand. Already with 7.2 million handsets
News Release Contact: Angela Crown, [email protected] Due: November 26, 2013 Forwarding: Permitted Intel gearing up to take over the chip making industry. The World’s Biggest Semiconductor Manufacturer Has Announced Plans To Expand The Use Of Its State-Of-The-Art Factories For Other Chipmakers. As Competition Escalates, Intel Hopes The Move Will Push Its Revenue By Taking Advantage
Ford to recall Escape SUVs due to fuel leaks.Car owners are generally not pleased on hearing about manufacturer recall of their vehicles, yet once again, those owning the 2013 Ford Escape SUVs will be affected. U.S. automobile giant Ford is to recall two more types of the popular model worldwide to fix oil and fuel
The History of Ship Is Sinking. My sabbatical from writing blogs over the past few weeks has been interrupted. Besides my day job of consulting, I was focusing on finishing my second book “Know When to Outsource, and How to Do It Well: Outsmart, Outprofit, Outsource”. However, after reading a Harvard Business Review blog
SUPPLY CHAIN BUSINESS AND SOCIAL MEDIA. Social media are amazing because they allow you to interact directly with visitors, which could be a great help for your business. This term covers a large range of websites, and it can refer to social bookmarking (Del.icio.us, Blinklist, Simpy), social news, social networking (Facebook, twitter, etc.), social photo
The Story Of Supply Chain Models In his book The 5-STAR Business Network (http://bit.ly/5-STARBN), Vivek Sood exposes the results of his researches on the organizational structure of companies. Companies used to follow the model of a traditional organization structure as in the following figure: However, the global business world has changed and this structure is no longer
Although this title can seem a little absurd, this article aims at understanding better the principles of complexity management. In effect, complexity is a large concept, which usually seems unmanageable for most managers. Let us start with the pillars of complexity management for businesses. Strategy Alignment with Complexity Management Most projects fail because this condition
Amazon And The 5 STARS We already defined the importance and features of a successful business network, through the necessity of 5 key cornerstones – Fire-Aim-Ready Innovation, $eed-to-$tore Efficiency, Transaction Optimisation Profitability, Advanced Product Phasing, and Results-focused Outsourcing and Modularisation – in the previous article. Now let us prove it by taking an example, which
(Sydney, Australia based Vivek Sood is the world’s foremost authority on Global Supply Chains which are the commercial engines sitting deep within modern economies and driving them. He is a Chartered Financial Analyst (CFA), and has done courses from Harvard, MIT, and University of London. As the Managing Director of Global Supply Chain Group, he
Supply Chain Business Amazon is known for its bold moves, innovation and customer centric thinking. Just yesterday it released a video of drone delivery of customer purchases from its warehouse and fulfilment centre which became the talk of the town. Regulatory and technological issues apart, I will only take a supply chain perspective in this
About Business Network Developing a “five star” business network is not as hard as it seems. People say that to develop a powerful network requires years of hard work. However, all it requires is three things: knowledge of who you would like to develop a connection with, your purpose for connecting and knowledge of the
Different Products on Supply Chain Business Every company wants to improve its results, and to do so, they can use very different ways. The most common ways they use to achieve this goal are whether improvement of the quality or the reduction of their costs. How do they do? What methods do they use?
SOCIAL MEDIA MARKETING. Although social medias are obviously helpful tools of communication for your business, there are some things you should know before initiating any strategy. In fact, you cannot implement an appropriate social media strategy if you do not know the bases and the common traps. Then, this article aims at underlining a few
Complexity While Expanding Your Business We have to admit that the world has become more and more complex over the past centuries, and it is even truer for the past decades! We are interested in business and it is not less obvious about it. Interaction and interconnectivity between people are a proof of this increasing
Learn More Effectiveness Outsourcing Business In his book The 5-STAR Business Network (http://bit.ly/5-STARBN), Vivek Sood talks about prophecies coming from an article written in the Harvard Business Review in 1999. Efficiency And Effectiveness Outsourcing Business Although this article was written almost 15 years ago, the authors, John Hagel III and Marc Singer, were very forward thinking about companies.
The Corporate World Look In Supply Chain 2013 has been a breakthrough year for the top echelon of professionals around the world. One of the reasons, in my view, is the focus on mindfulness. For the first time, I have seen the corporate world embrace a practice adopted in the personal lives of many masters
CXOs will never make it Business CEO Kevin was a brilliant finance executive. After doing a few years in an accountancy practice he had joined a company in its finance department and steadily risen in rank over the years to become its Chief Finance Officer. The board trusted his numbers as well as his prudent
About Globalization Is Inevitable When we renamed our company Global Supply Chain Group in 2006, the key thought running in my mind was that despite clear and evident trend of globalisation – most companies still ran their supply chain on a regional basis. Many of our clients see value in global integration of their entire supply chains – while
About Galaxy S5 To Eat Apple Business The world’s biggest smartphone maker has struck again with the announcement of its flagship Galaxy S model to hit stores this April. Samsung Galaxy S5, unveiled at the Mobile World Congress in Barcelona on Monday, features fingerprint technology similar to Apple’s latest iPhone 5S. Samsung also packs a
About 5-STAR Business Network Owners of cars made by a range of manufacturers such as Ferrari, Mercedes-Benz and Volvo will be able to voice-command their vehicles using iOS devices this year. Apple will unveil CarPlay, the integrated infotainment system, at the 83rd Geneva Motor Show, which takes place from Mar 6 to 16, 2014. The
We have compiled a list of 20 criteria you should consider before adding a 5-Star Business Network to your business strategy as well as how to evaluate your business network. 20 Questions for Business Strategy
About E-Bay And Amazon Beware of Alibaba’s coming IPO The world’s biggest e-commerce company is set to go public in the world’s biggest retail market, the latter is true at least for now. Alibaba announced its decision to “commence the process of an initial public offering in the United States” on Sunday.
About Australia Leads The Way To Globalisation Australia is talking with ministers from Japan, Korea and China to finalise Free Trade Agreements with the trio ahead of Tony Abbott‘s visit to Asia in April. On Wednesday, Japan’s Farm Minister Yoshimasa Hayashi and Australia’s Trade and Investment Minister Andrew Robb failed to reach a consensus on tariff elimination. However, they confirmed negotiations would still be underway to
About Supply Chain 3.0 In this series, I will address the second question raised at the start of the previous blog series – “What are the benefits of supply chain 3.0?” Before answering that question, let me go over the three type of responses I generally get when I explain to people that supply chain 3.0 is real.
Business books, blogs and literature are full of secrets of success. A recent experience taught me that it need not be too complex. Why Do I Call It The Only One Key To Success in Supply Chain? Hopefully, that will be clear in the next 5-10 minutes it takes to read about this incident.
I have set the scene in the first entry of this blog series. Things are changing, moving, and old business models are not working anymore. That is why I proposed even a new organisational model in my book The 5-STAR Business Network from which some of the following excerpts are taken with modifications. SUPPLY CHAIN
As you can see, supply chain 3.0 is for everyone, small and big companies. Now let me demonstrate the concrete benefits of having supply chain 3.0 and I promise these are not dull or irrelevant stories. Supply Chain 3.0 Helps Leverage Your Business Infrastructure Over the past several decades, both the global economy as well
Business Executives of Brazil’s Soccer In the early 90s, more than two decades since its last World Cup championship title, Brazil hungered for the trophy more than any other country on earth. Yet the scars from its 1950 campaign were still not totally erased. Dubbed as the saddest day in Brazilian soccer history, July 16
Business Model Transformation In the previous blog in this series I wrote about the Brazilian soccer teams transformation from an individualistic style of play to a network style game. In early 90s, more than two decades since the last World Cup championship title and Brazil faced an interesting juxtaposition – continue with what led to
Transformation Of Brazilian Soccer In the first blog in this series I wrote about the Brazilian soccer teams’ transformation from an individualistic style of play to a network style game. In early 90s, more than two decades since the last World Cup championship title and Brazil faced an interesting juxtaposition – continue with what led to past
This is the concluding entry in this series of blogs – where I reminisced about my experiences from learning to play hockey in India, and watching Brazilian soccer transformation over the past several decades. In the first blog in this series I wrote about the Brazilian soccer teams’ transformation from an individualistic style of play to a network
Business Industry Network As predicted in my book 5-STAR Business Networks when a product category, its current form, reaches the end of its life-cycle, the supply chain interaction between the supply chain partners becomes rather unpleasant and coercive. The reason is clear enough. Long standing supply chain relationships are tested as a result of falling
SUPPLY CHAIN 3.0 I hope by now you have grasped the business model in which Supply Chain 3.0 resides. Before we examine all the concrete benefits of Supply Chain 3.0, let us briefly differentiate it from its predecessors. Table 1 sets out to do that: Table 1 – Supply Chain Metaphors Supply Chain 0.0 Supply
Not too long ago I wrote a blog series on the transformation of Brazil’s soccer playing model from an individualistic style to a Business networks-oriented style. In the early 90s, more than two decades since the last World Cup championship title and Brazil faced an interesting juxtaposition – continue with what led to past triumphs
Everything You Need To Know About Helping To Keep Sports Barrier-Free If there is one thing that could unite the spirits of mankind, amid all the chaos and turmoil in the world, it is sport. Whenever there is a large-scale sporting event, such as the World Cup or the Olympics, people gather, share and watch
The Art Of Harmonious Rebalancing The Supply Chain Company Many years ago, I was engaged in a strategic transformation project in a mid-size airline. For some curious reasons the airline was of critical importance to the national economy and occupied a very high position in the national political totem pole.
Why is the new Amazon Smartphone Is A Dud ? As a strategy – it is doing what Apple did with iTunes more than a decade ago – build a walled garden for your customers to play within. The strategy rests on two assumptions – first, that the customers will not find a jailbreak, and
Importance of KPI In Supply Chain Network I came across the following picture on the blog of Thaku Huni and the thought struck me about a situation I encounter quite frequently: Importance of KPI In Supply Chain If you asked any objective person about the KPIs of the group of six men above – most
The Corporate World In 2015 Changing Business Models – Push television/video to YouTube: Videos ad revenues from YouTube in the US would hit $1.13 billion by the end of 2014. In 2015, Google is making a huge change in the way it has been promoting YouTube: they are going to put significantly higher focus on
Business Networks of supply chain There I was – stranded at the Heathrow Airport again – and cursing myself for trusting British Airways and Heathrow once more. However, when it comes to its alliance partners, Qantas leaves a lot to be desired. Every time I fly out of Australia to Europe, I face a choice – whether
Most effective business leaders relish the challenge of answering questions such as the following: Which Business Models are Now Obsolete? Business Models Has The Answer To Everything. 1. Why did Apple sue Samsung while it continues to buy critical parts for its winning products from Samsung?
The Global Business Networks are Shortening The first business book that I read was “In Search of Excellence” by Tom Peters and . It was a gushing account by two ex-McKinsey consultants truly in search of excellence among American businesses, and plethora of advise that to my then untutored mind (after all, I was still
Has Apple learnt the lesson that Dell never learnt? Apple has grappled with this conundrum for a while now – when, if at all, to dump Samsung? There comes a point in every business network when the erstwhile suppliers become more powerful than the ‘customer’.
APPLE AMAZON & GOOGLE – The Battle Of Titans As everybody knows, three giants in the tech and software world have amassed an incomparable power in recent years from their networks and their strategies. With a vast range of products, they have stitched up the market amongst themselves. But what are the strengths and weaknesses
Dell’s Supply Chain Dell has not made as much news as it is making in the last few weeks for nearly a decade. Dell is once again back in the news this week, after opening its books to scrutiny by activist investor Carl Icahn. It has been a rocky road for Dell of late; 2012
Topic: The 5-STAR Business Network Interview Interviewer: Ric Bratton of This Week In America Interviewee: Vivek Sood of Global Supply Chain Group (author of The 5-STAR Business Networks) Here is the entire transcript of the interview: 5 STAR Business Ric Bratton: Welcome back everybody!
Topic: The 5-STAR Business Networks Interviewer: Michael Dresser of The Michael Dresser Show Interviewee: Vivek Sood of Global Supply Chain Group (author of The 5-STAR Business Networks) HERE IS An Audio Of The Interview 5-Star Business Network Get It Now Here is the entire transcript of the interview From the radio interview of vivek sood
Supply Chain Management (SCM) Supply Chain Management (SCM) is an essential element of operational efficiency. SCM is critical to business operations, therefore it is clearly important for a company to know, understand and master the supply chain. Supply chain’s evolution can be break down into three generations.
THE ASIAN BANKERS SUMMIT OF SUPPLY CHAIN Despite a high level of participation, and over 1,000 attendees, the mood was rather sombre. I enjoyed the frank and realistic discussions and tried to attend as many sessions as my limited schedule permitted. I am a Chartered Financial Analyst (CFA) for the last 14 years, and attend
PDF – Impact of Supply Chain Management in Businesses of Today
Many professionals in the business world wonder how to increase income, at least every few weeks.How To Increase Your Professional Income. Want To Legitimately Increase Income in Supply Chain? No doubt, in the long run, you get paid for your results. Results are derived from two critical factors – skills and dedication.
The results are in, and for PC sales they are neither good nor bad – but ugly! The pundits are out to find a scapegoat – and the most convenient scapegoat at the moment is Microsoft. The PC sales Debacle. For example see this report in today’s Wall Street Journal – which hails Microsoft’s mea culpa.
What is Supply Chain Optimisation? System demos are tedious things at best. The developers are trying to showcase the best aspects of their baby in best possible light. They have spent months, sometimes years, thinking about and developing functionality. It is really a big ask to show off the usefulness of it all, in half
There Are Lies, Damned Lies And Statistics. Benjamin Disraeli Benchmarks In Supply Chain Management. Benchmarks are a peculiarly virulent form of statistics which can be used to make a positive change, or misused to make a dodgy sale. On one hand a benchmark, such as a world record in 100m race, can motivate an athlete
Extract from the book “The 5-Star Business Network”, written by Vivek Sood Why Successful Business Networking Are Important? 5 Star Business Networks There was a time, not more than a few decades ago, if you were General Motors you would attempt to own every part of your business. The assembly lines, the parts manufacturing plants,
About Your Business Network Thought leaders have a five star business network. They leverage of the value created by their business and supplier contacts to outcompete rivals and stay relevant. Your business can outcompete rivals too using its network. There are a number of ways your business can achieve this goal.
How Will Green Supply Chain Be In The Future. Green Supply Chain revolutionizes the company; indeed, throughout supply chain, Green Supply Chain planning enables to minimize the environmental impact of the overall endeavour while still achieving the same results. Everything is the Life Cycle Management:
Green Supply Chain: Procurement Procurement also known as purchasing is “Securing supplies, materials, and services of the right quality in the right quantity at the right time from the right place (source) at the right cost price”. So the procurement in traditional supply chain could procure you the best possible cost to meet the needs
Traditional Green Supply Chain In a traditional supply chain, the flow of materials and information is linear and from one end to other. There is a limited collaboration and visibility. Each supply chain partner has limited information regarding, for example the carbon footprint and Green House Gas emission of the other partners.
Following are some of the key benefits of Green supply chains: Positive Impact On Financial Performance Despite ample evidence to the contrary, there persists a myth that going green costs additional expense. Some of the factors responsible for persistence of this myth are inertia, the lack of a systematic approach and an unwillingness to engage
There are five type of environmental stakeholders group who drive green initiatives within an organization: 5 Drivers Of Green Supply Chains Management That Will Actually Make Your Life Better 1. Regulatory stakeholders, who either set regulations or have the ability to convince governments to set standards 2.
Why Corporate Social Responsibility Matters ? One of the best definitions of Corporate Social Responsibility is perhaps provided by Archbishop Desmond Tutu’s The Benchmark Foundation. It states: “Corporate Social Responsibility (CSR) is the decision-making and implementation process that guides all company activities in the protection and promotion of international human rights, labor and environmental standards
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The Effects Of Enterprise Resource Planning To combat the symptoms of departmental silos many organizations implement a very rigid Enterprise Resource Planning (ERP) system. This helps run their internal processes and coordinates inter-departmental communication. By their nature, these systems are very formulaic and prescriptive with a one-size fits all approach to planning.
Supply Chain Company Businesses are gradually being chained by a number of forces so ubiquitous and accepted by all of us, that we fail to notice their impact on businesses, economies, and people. Today, most organizations become veritable bureaucracies as they grow bigger.
Your Supply Chain Business It’s no surprise that customers hate companies with too much internal focus. As organizations free up their inter-departmental planning from rigidities, the communications start to bloom. Efficiency improves considerable and everybody starts running together, faster. However, a higher set of problems emerge due to lack of external focus – on suppliers,
Learn All About Revamped Business Model New challenges need new responses. The common organizational model looks like the generic drainpipe structure, meeting the mammalian need for an ordered hierarchy and flow of power within a business. Most companies have evolved in the last 2 decades and their functioning has become almost entirely customer centric.
Business Network Systems There are a number of factors that have ensured that business have been struggling in the current economic environment. Technology has made many business models defunct, incomes and profits are falling due to cost cutting and price conscious consumers and off-shoring has hollowed out entire industries.
5-STAR Business Networks As the economic centre of the world moves more and more towards its more populous nations in Asia, a number of businesses are realising that they must adjust their business models, as well as their 5-STAR Business Networks to this new reality. Take the example of airlines industry.
Good As The Data They Have . One of the reasons I invest so much time and resources of our company in keeping current with the information technology is that good supply chain depends almost entirely on good information. And, your information is only as good as the
Supply Chain Management In Digital Economy In the rapidly changing world – role of supply chain is constantly evolving. There are now at least three generations of supply chains and the confusion about the roles and expectations is leading to massive losses inside the corporations.
One of my posts on LinkedIn sparked a lot of interest and a healthy debate. I am not sure about the reason for interest but seems like people agree with the above statement, as well as its reverse: The person who does less than s/he is paid for, will soon be paid less that s/he
The Universe Of Workology I cannot claim to know everything in the universe of workology. But after starting work at the age of 17 and worked almost continuously (barring a few short breaks for full time studies), for the last 34 years I do have a perspective.
My last post “Supply Chain Confusion could kill your business“ generated several great comments from highly qualified professionals around the world, and in this post I want to explore the reasons for the confusion. Obviously, the confusion is debilitating, and unprofitable. I am sure readers will have their own experiences with the confusion in supply chain world,
About Mind The Gap Why do companies achieve far worse performance than what could be feasible with their superior hiring and training capabilities? It appears as if there are some invisible chains that are constantly pulling these companies back all the time. Something significant yet intangible is acting as a brake that inhibits the functionality
Ally In Supply Chain The digital revolution (aka tech revolution) has changed the way we live, work and play. The boom of software and IT solutions have caused disruption and realignment for businesses. When business intelligence is implemented and used effectively there is a real pay-off.
Supply Chain Optimisation / transformation. Optimisation has always been a hot topic for strategists and business transformations executives. Now, as the mantle for leading corporations is moving from strategists to the integrationists and supply chain leaders – optimisation is hotter than ever before.
Nobody sets out thinking, I have no purpose for bringing this technology into our company, but I will do this anyway (well a few rare
Industrial Age Tools Vs Information Age Weapons This is the part 2 of my earlier post What I Learnt Fighting Pirates (Not in the Caribbean)! (that post was getting too long, so I had to break it into two parts). I asked bosun to send a repelling party to cut the ladder and the scrambling rope, While
Ideas In Action A switched on team of senior management makes all the difference. No matter which part of the world, and how unfamiliar the concepts are – an interactive team will always find how to use ideas for their business. I recently had the pleasure of interacting with the chairman and top management team
Supply Chain Management Software, Executives, managers and businessmen encounter a multitude of problems while deciding, selecting, implementing and using supply chain management software. We have created a poll to stimulate discussion on the most common problems. Please participate in the poll and use comment section to share your experience. Here is the link to the
5-STAR Business Network I am always amused to see the starry eyed stories of success of the companies in the business press. Many of the stories do not go deep into the real reasons for that success or to trace how transitory it can be, if those reasons disappear.
About Industry in Supply Chain Dellify (verb) – the process of changing an industry model from high cost, low flexibility, make-to-stock model to a low cost, high flexibility make-to-order model. Before Michael Dell started his business from the college dorm, computer industry followed a very different model.
Old Business Models Are Getting Redundant When General Motors filed for Chapter XI protection in 2008, it also marked the closing of a type of business models in modern commerce. General Motors was seen as the paragon of modern American management theory as popularized by Peter Drucker in the middle of the twentieth century.
Facebook and NewsCorp On the face of it, the two companies could not be more widely apart. One is the paragon the new paradigm, while other is an old dying breed! I am, of course, talking about Facebook and NewsCorp. That is what all the pundits will tell you. They will also explain the logic of why News Corp bought MySpace in
You Will Never Believe This Bizarre Truth Of A Management Consultant. I was in a hard bind. I just came out of a meeting with a highly polished marketing professional, who was pitching to our company for outsourced marketing work. She had correctly diagnosed that similar to many small companies, ours did not have any
How Will Globalisation Be In The Future. No matter which country you look at today – you see big problems. Emerging problems are currently grappling with massive monetary expansionism triggered by a need to keep currency stability in face of periodic bouts of Quantitative Easings. For example see the article “Rajan Warns of Policy Breakdown as
CEO For Microsoft CEO FOR MICROSOFT. CEO Wires are abuzz with the talk about Satya Nadella – who seems to be the front runner for the job of Microsoft CEO. Many profiles have emerged online – e.g. see the article Satya Nadella: CEO For M The man who may soon become Microsoft CEO. Google’s Sunder
Troubles in big data are starting to emerge. Big Data in Supply Chain I have written about these earlier and warned the clients to first make sure their small data is working as intended before jumping into big data. If you cannot control your small data, your ERP system, your EIS or your cloud then
How Amazon Shipping Can Ease Your Pain After delivery drones, Amazon has created yet another news sensation! This time with predictive shipping and patenting it. In this article, Cathy Morrow Robertson describes Amazon’s latest leap: “Based on previous orders, product searches, wish lists, shopping cart contents and other online customer experiences,
Supply Chain Business 911 Although you keep looking for better ideas and new processes, your business keeps struggling to achieve the expected results? Here is some advice you could readily use when you need new ideas to improve your business. In this article, we will try to give you some guidance to help you with
Supply Chain Transparency. The global fast food franchise has recently released a video showing how McNuggets are made to curb rumours about nasty ingredients. In the clip, supply chain manager Nicoletta Stefou from McDonald’s Canada headquarters walks the audience through the process, with particular emphasis on how “pink goop” is never part of the production
A Valuable Lesson in Supply Chain There I was sitting across the desk from the legendary fleet commodore of my company. As a junior officer I could sense the power of the man who had led some of the most daring, and most successful sea voyages of his time.
SUPPLY CHAIN 3.0 In the last entry, I have talked about the first two pillars underpinning Supply Chain 3.0. So, what are the other three key cornerstones? Transaction Optimisation Profitability (TOP) measures the ability to simultaneously minimize the costs, and maximize the revenues on each transaction that a company enters into. Consider this – there are companies today that
Learn More Supply Chain 3.0 In the previous blog entry of this series, I have outlined a customer centric business model, which is also captured in my book The 5-Star Business Network. Now let us delve into the evolution of supply chain models, or how Supply Chain 3.0 came about. In the old model of supply chains, businesses used to relate to each other in
Miles Of Amazon Complexity Network Rivers become amazingly complex in their last few miles. If you have not yet done that try and navigate the Amazon delta from the sea up to the river – it is an enlightening experience. As a former ship’s master, I have had the privilege of navigating up a number
Following two benefits outlined in the previous entry, in this last entry of the blog series, let us go over the remaining benefits of Supply Chain 3.0. By Definition, Supply Chain 3.0 Improves Your Cash Position Recall from the previous blog series that “The second measure of interest to us is in Supply Chain 3.0
Trust & Care – Two Hallmarks Of Supply Chain Segmentation Supply Chain Segmentation Drives Today’s Digital Marketing – This is how I explained the situation to a group of a senior executives of the company I was consulting to recently. The profitability was falling, and customers were abandoning the company (I cannot go into too
The Miracle Of Supply Chain Is The New Electricity. Recently I did a small but quite interesting thought experiment with one of my sons. We
When I explain to people that supply chain 3.0 is real, in general, I get three type of responses. 3 Things You Need To Know
About Limitations on Supply Chain This picture prompted me to write the blog post. Like many other people, I am a great admirer of Steve
It appears a bit extreme now – but it was very common at time when I was a navigating cadet. Learn More Strategy Is An
Supply Chain Problem Maturity Differs At Each Stage There is a common assumption that every company’s supply chain should be similar, if not the same.
There Are Five Key Cornerstones Of Success In Building And Harnessing Effective Global Business Networks The 5-STAR Business Network So what are these 5 key
About Supply Chain Business Imagine if you were a small sized furniture seller, and suddenly your suppliers refused to supply furniture to you because they
Fire-Aim-Ready Innovation (FAR) This article is an extract from The Five Star Business Network, written by Vivek Sood “It’s really hard to design products by
About Supply Chain Company I was shocked when I heard of the bankruptcy of Hostess Brands Inc. The $2.5 billion maker of Twinkies and Wonder
How Will Asian Banker Summit 2015 Be In The Future On 14 – 16 April 2015 in Hong Kong Convention and Exhibition Centre, Hong Kong,
Organizational Silos in Supply Chain Organizational silos are based on the division of labor, on organizing the labor in such a way that each individual
Strategic Thinking On Centralization The chief mate was on the forecastle with the bosun and 3 sailors preparing to anchor the ship. Master was on
About Business Transformations Industry I was reminded of this story because I was talking about it in a workshop on business transformation last week. I
Business Transformations Of Supply Chain Global shipping is a very cut-throat business where you can make a lot of money just by buying and selling
Supply chain data First let me start with a story. I have some personal experience in 1990 with this ancient mariners’ rhyme:. The Rime of
Information Of Business Networks The simplest definition of business is to sell or buy the goods or services. Though, It may define the trading style
About Globalization In Action Boasting exponential growth since its inception in 2012, Jumia became the first e-commerce site to bring the coveted Play Station 4
Nokia’s Supply Chain Business Virtually all its shareholders gave their approval, and with a stroke of pen the Finnish firm that once dominated the global
The Biggest Mistake in Business Transformations In this article I want to focus on the second biggest mistake companies make during business transformations. In case
Business Transformations Process If I have seen it once, I have seen it a hundred times. A new person is brought in with a clear
The 5-STAR Business Network – Make Your Business Network Great In his book The 5-STAR Business Network (http://bit.ly/5-STARBN), Vivek Sood mentions the concept of synchronicity,
Amazon’s Threat to Australian Retailer – Some points missing Yesterday (on 2nd November 2017) I happened to briefly glance at the Australian Financial Review –
Leading Executives Are Continually On A Lookout To Improve Supply Chain In Their Company Most CEOs and CXOs think about how to improve supply chain.
Ways to Improve your supply chain The meeting room was as sparsely appointed as most meeting rooms used for supplier meetings these days. There were
Supply Chain And Logistics Recently, obstetrician Dr Liu Hongmei hit global headlines when she disclosed the story of a young couple who came to her
The new Apple watch (series 4) was just released yesterday, and I was reminded of my previous blog I wrote a few years ago when
If you are in Australia, it is more than likely that you already know this saga. If you are not in Australia, or do not
Supply Chain Success “What is success? How do you define it in your current role?” It was a simple question. I asked this question of
Bad Management Consultants Although I am writing this blog post to note down my precise thoughts just for a handful of people, it might be
Biggest Bang On Supply Chain There were only 24 hours left. Tomorrow the board would pull the plug on the project which had continued for
BIG Breakthrough Supply Chain Results Start of the year is always a memorable occasion – full of joy and hope. It is also the time
How To Get The Most Out Of Your Management Consultants Without Spending A Bundle On Them? Yes, everybody – from Steve Jobs (when he was
I need to tell a true story which is about 16 years old. Jon had just left the secure world of a senior role in
About Supply Chain Strategy This is a million dollar question for most companies – start-ups or conglomerates. A lot of time and money is wasted
How Will Learn About Supply Chain Security Be In The Future. Here is a story of the fire than tipped the balance within an industry.
The Reason Why Everyone Loves Supply Chain Security. People often wonder where the best opportunities for start-ups are. Supply Chain Security space is getting a
Spent More Deposit with Supply Chain Company Someone asked me this question on a popular social platform. The subtext was this: What kind of discount
Unique Supply Chain Challenges One of the common problems cited by the boards and senior management is that the consultants they hire do not understand
Startup Struggles with Supply Chain Business TL/DR Abstract Many startups make it to the end, and meet the dreams of their founders. Many other founder
Startling Statistics Consultants Supply Chain I came across startling statistics which prompted a new line of thinking that I wanted to share – hence this
The Trouble for companies in Securing the supply chain Let me tell a story. This is a very entertaining story, but that is not the
It is a legitimate question on supply chain security – How important is continuity of supply to you? How far would you go? Would you
Very few companies seem to have enough warehousing space. Almost 80% of the companies I have interacted with as part of my projects (and that
EXECUTION IN SUPPLY CHAIN BUSINESS I was talking to the three senior executives of a fairly large business. They were very happy with the business
I was recently asked this question on the popular Q & A forum QUORA. Sometimes, when the question is really good, I take my time
I was asked another very interesting question on Quora by a reader Benjamin Myer. I think the question merited some discussion and attention. Below Is
A Tale Of Two Companies Supply Chain Governance Both Nokia and Ericsson had experienced business disruption to an equal extent. The two stalwarts in the
How to cope with Supply Chain Disruptions Resulting From Covid-19 I was prompted to write this blog post because of emails on LinkedIn like this
HIGH DEMAND FOR SUPPLY CHAIN EXPERTS Abstract of Supply Chain Experts Almost every supply chain needs to be restructured in the wake of COVID-19 and
How Effective Supply Chain Leaders Can Ease Your Pain. This blogpost is likely to be controversial because it will likely make almost every reader unhappy
Why Finding The Right Management Consultants Is Difficult If you have watched the globally famous TV show, Who wants to be a millionaire? you will
Supply Chain Business Transformations Violinists have a different skill set and profile than the violin makers. Sports equipment makers have a different profile than the
If you have been a senior executive in the corporate circles for just a few years, you already know the truth about this great fight
There are two reasons why this is not going to be a BIG headline in the mainstream press for at least three months yet (but,
Flaw In Most S&OP Meetings in Supply Chain Business The biggest and most common flaw is that S&OP meetings are oriented in the past. This
Business Transformation Is Different Than Change Management Almost everybody who has anything to do with creating any change inside a company calls himself or herself
What Is Sales And Operations Planning (S & OP), And What Is Its Significance In Supply Chain Operation Management? In any company sales department or
7 Reasons Why You Are A Rookie In Supply Chain Management. A lot has changed over the last 21 years since we started Global Supply
Learn More About Supply Chain Management We get many emails from younger generation asking what kind of certificates in SCM are widely accepted. The intention
Confusing State Of Supply Chain (SCM) If you are confused about the SCM, you are not alone. Thousands of people around this world express frustration.
SUPPLY CHAIN MANAGEMENT. Training has become the norm for a variety of reasons. But before we go into those, let me first state that on-the-job
Considerations In Route Optimisation Since times immemorable route optimisation has been taught as one of the starting tricks in operations research and associated subjects in
SUPPLY CHAIN SPIRALING. There may be savings opportunities by consolidation of multiple shipments with same origin and destination into a single shipment. On a broader
About Supply Chain Spiraling Expectations from Supply Chain personnel have never been higher, and the reality of global supply chains has never been direr in
Multimodal Shipments A Big Deal Rarely does an international shipment use a single mode of transportation. It is common to combine multiple modes – such
Supply Chain Control The most difficult part of supply chain management is checking up on adherence to the supply chain plans. It does not matter
All You Need To Know About Transportation Management System. Many companies make do with Excel spreadsheets, paper invoices and back of the envelop calculations for
Do Not Waste Your Money On Transportation Management System (TMS) Unless You Do This First Online Resources Facebook Twitter Linkedin Youtube Do Not Waste Your
TRANSPORT MANAGEMENT SYSTEM. If you already have experience with TMS and other assorted SCM systems this blogpost is not for you. But a lot of
Unique Competitive Advantage In Supply Chain Supply chain software companies are not the only ones who encourage the thinking that somehow getting a bunch of
Supply Chain Group Without Corresponding Skills As the concept of supply chain management became increasingly popular in the mid 2000’s or so, many companies renamed
Supply Chain Management The most fundamental requirement is that the decision makers have a good understanding of supply chain management itself. The key reason that
Digital Supply Chain Twins There is a lot of talk about digital supply chain twin. A digital twin is meant to be a digital representation
About Artificial Intelligence (AI) In Supply Chain The COVID-19 epidemic has resulted in the breakdown of supply chains globally, the economic impact of which will
The World Of Supply Chain Is Experiencing Its Own Digital Divide On one hand we have several large global corporations shipping hundreds of thousands of
Information Technology Tools We are asked this question in a number of workshops and public forums. That is not surprising – after all the question
Supply Chain Management Planning And Execution Needs Decision Making For a human to be switched on 24/7 and make real time decisions as soon as
S&OP brings together two disparate but essential mechanisms to look at an even bigger picture. On One Hand, Demand Management Is The Art Of Maximising
Almost all the current applications of AI in SCM are in the following three areas: Supply Chain Management Automation: after automation of the factories now
The Overwhelming Container In Supply Chain Freight Rates It is a scary trend – and one index after another is confirming it. Container freight rates
Each Silo Measures The Success Of The S&OP Process Differently Sales might believe it is successful if it manages to “hoodwink” the production to produce
In the supply chain, the commodity and services generally flow downstream from the origin to customer point of consumption. There is also a backward flow
It won’t be an overstatement anymore to say that among the top three things on every CEO’s and boards’ mind is this question – what
The Tariffs in Supply Chain Business Why We Are Qualified To Write This Article? Over the last three decades we have led and worked on
Are Good Business Transformation People Worth Their Weight In Gold? Online Resources Facebook Twitter Linkedin Youtube Are Good Business Transformation People Worth Their Weight In