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
SALES AND OPERATIONS PLANNING PROCESS (S & OP) Sales and operations planning (S&OP) is an important process for businesses to ensure their supply chain runs smoothly. It involves integrating data from all departments within the company, such as sales, marketing, finance, and operations, in order to create a comprehensive plan.
ABC Supply Chain Transformation All successful Supply Chain Transformations have three things in elements – Alignment, Balance and Continual Improvement. Click below to share
Over the last few decades supply chain has morphed into something much more sophisticated and robust – Business Networks.
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 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
by Doug Hudgeon
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
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
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.
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
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
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 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.
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.
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
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
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
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
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
(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?
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.
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 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 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
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
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
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?
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’.
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
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
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
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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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,
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
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
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.
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
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
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
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
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
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
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
What I Learnt About Business Transformations Industry -Fighting Pirates (Not In The Caribbean) – Part 1
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
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
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
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 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
What Best Can We Learn About Supply Chain Security From One Of The Shrewdest Pivots In Business History
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.
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
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
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
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
Logistics, Procurement, Production Planning, Warehousing, Transportation – Where Do The Most Effective Supply Chain Leaders Come From?
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
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
Finance, Sales, HR, Supply Chain – Where Do Most Effective Business Transformation Leaders Come From?
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
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 Control – How To Make Best Use Of TMS For It ?Compliance With Routing And Service Level Agreements (SLA)
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
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
What Happens When You Rename Your Logistics Department As The Supply Chain Group Without Corresponding Skills Upgrade?
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
How To Use Artificial Intelligence (AI) In Supply Chain To Reduce Decision Making Time In COVID-19 Triggered SCM Crises?
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
What Kind Of Information Technology Tools Are Needed For Sales And Operations Planning (S & OP) In 2021 And Beyond
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
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
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