Fundamental Changes, Supply Chain Transformation

The Seven Deadly Sins of Supply Chain Transformations

Supply chain transformations are a critical component of achieving business success. When done right, they can help organizations optimize operations, reduce costs and increase customer satisfaction. However, when done wrong, these transformations can lead to costly mistakes and long-term problems

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Supply Chain Infrastructure In India

Supply Chain Infrastructure In India and 8 ways to do it

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.

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Cost Analysis Monte Carlo, Google Spreadsheets

Build A Great Cost Analysis Monte Carlo Simulation In Excel

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.

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Life Cycle Management, Better Life Cycle Engineering On Supply Chain

Life Cycle Management

Life Cycle Management (LCM) is an integrated approach to managing the total life cycle of products and services for sustainable consumption and production. LCM takes

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BUSINESS MODELS ARE NOW OBSOLETE?

New Business Models For The New World

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.

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The Age Of Global Business Networks

The Age Of Global Business Networks

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

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Business Network

A Business Network To Save Plunging Stocks

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

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Confronting Business. 5-STAR Business Networks News

Confronting Business How To Adapt Your Business Network Properly

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

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Business Networks Or Social Networks

Business Networks Or Social Networks – Which Is Better ?

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

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Business Relationships

Business Relationships : What You Should Know About Them

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

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5 Best Tips For Social Media Use In Supply Chain Business, Social Media Successfully

How To Use Social Media Successfully

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

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Global Business Networks

Global Business Networks

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

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Demand In Supply Chain Business

Demand In Supply Chain Business in Global SC Group

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

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5 Best Tips For Social Media Use In Supply Chain Business, Social Media Successfully

5 Best Tips For Social Media Use In Supply Chain Business

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

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Western Businesses

5 Slow Poisons Are Killing The Western Businesses And Making CEOs Jobs

(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

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Supply Chain Business

Amazon’s Drones – How Useful in Supply Chain Business?

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

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Business Network

5 Star Business Network : How To Develop A Strong Network

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

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Complexity While Expanding Your Business

How To Easily Manage Complexity While Expanding Your Business

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

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Effectiveness Outsourcing Business

How Easily Maximise Efficiency And Effectiveness Outsourcing Business

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.

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Apple Business

Will Samsung Use Galaxy S5 To Eat Apple Business Lunch?

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

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SUPPLY CHAIN 3.0

HOW SUPPLY CHAIN 3.0 CAN LEAD TO TANGIBLE BUSINESS BENEFITS

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.

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Business Executives

What Business Executives Can Learn From The Story Of Brazil’s

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

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Importance of KPI in Supply Chain, Supply Chain Network

Importance of KPI in Supply Chain- Try these tricks!

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

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Profitable Business Transformation Using Supply Chain

The 5-STAR Business Network Interview- TRANSCRIPT

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!

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Professional Income In Supply Chain

How To Increase Your Professional Income In Supply Chain?

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.

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Who Is To Blame For The PC Sales Debacle

Who Is To Blame For The PC Sales Debacle?

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.

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Supply Chain Optimisation

What is Supply Chain Optimisation and How good is it?

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

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Global Supply Chain, Benchmarks In Supply Chain Management

Uses And Misuses Of Benchmarks In Supply Chain Management

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

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Green Supply Chain

Life Cycle Management Benefits: Green Supply Chain

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:

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Green Supply Chain: Procurement

Implementation of Green supply chain : Procurement

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

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Traditional And Green Supply Chain

5 Things To Know About Traditional Green Supply Chain

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.

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Benefits Of Green Supply Chain

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

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Corporate Social Responsibility

Why Corporate Social Responsibility Matters and What is GSCM

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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Confronting Business. 5-STAR Business Networks News

Business Network Systems- 5 Ways To Turn Around Company

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.

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Are You Making What You Are Worth

Are You Making What You Are Worth

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

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Mind The Gap

Mind The Gap

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

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Business Models

Business Models – New Unique Perspective 101

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.

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Globalisation

Globalisation – Big Solution That We Need For Today’s Big Problems

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

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Big Data in Supply Chain - No. 1 Issue With It

Big Data in Supply Chain – No. 1 Issue With It

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

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Supply Chain 3.0

SUPPLY CHAIN 3.0 IS REAL, AND HERE NOW (Part 3 Of 3)

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

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Miles Of Amazon

THE LAST MILES OF AMAZON COMPLEXITY NETWORK

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

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