Category Archives for "Strategic Sourcing and Procurement"

How Supply Chain Strategy Can Help You Resolve The Innovators’ Conundrum

This is a million dollar question for most companies – start-ups or conglomerates. A lot of time and money is wasted, either because the companies do not bother to ask this question in time, or try to answer it in the wrong way. Here is a story:

Value of Trust in Supply Chain Management

Trust in Supply Chain

Why Trust in Supply Chain Is Important? Recently, the value of trust in supply chain was brought home to me in a graphic manner. An owner of a medium sized business (who was trying to be one of our well-wishers) showed me (and one of our new recruits in sales management department) the way they […]

How Organizational Silos Can Ruin Your Supply Chain

supply chain management

Organizational silos are based on the division of labor, on organizing the labor in such a way that each individual specialized in what he/she knows best, so that it can all be integrated in such a manner that a cohesive whole which is created in the result is much better in quality and much cheaper […]

Your Business Network is your Business’ Net Worth

BUSINESS NETWORK WORTH - GLOBAL SUPPLY CHAIN GROUP

— Excerpted from the introduction of THE 5-STAR BUSINESS NETWORK Business Network is now the engine of the society and it will need newer models of commerce to fast track the recovery. Hollowing out of skills out of entire societies without replacing them with another set of useful skills, very high level of youth unemployment […]

A Company Is Known By The Company It Keeps – 2

pexels-photo-227690

There I was – stranded at the Heathrow Airport again – and cursing myself for trusting British Airways and Heathrow once more. Every time I fly out of Australia to Europe, I face a choice – whether to fly the national airlines Qantas, or another airline such as Singapore Airline or Emirates. Most of the […]

Caveat Emptor – Buyer Beware

A better method 1 - OUTSOURCING - GLOBAL SUPPLY CHAIN GROUP

www.outsourcing3.com Beware the Story: Trust Your Emotions AND Verify All Facts Less that two-thirds of all outsourcing succeed because of the way human brain functions. If the croc-brain takes over the survival instinct kicks in and the decision is purely instinct or emotion based. However, if the modern neo-cortex takes over the decision is purely […]

Will Alibaba and its 40 million accomplices ride roughshod over Corporate America?

pexels-photo

Now that all the factories have moved to China (or some such places as Vietnam, Bangladesh, Taiwan), and all the customers have moved to the PC (or some such places as mobile phones or tablets) what will happen to all the middlemen? The retailers, the wholesalers, the shopping centres, the warehouse parks, the dealers, the […]

How to Prepare Simple, Effective Cost Management Reports (part 1)

SUPPLY CHAIN MANAGEMENT CAN BE EASIER WITH GOOD REPORTING REGIME IN PLACE

By Doug Hudgeon The Cost Reduction Tip Effective management accounts are critical to a cost reduction initiative. Without it, your stakeholders can’t see that their pain is justified. It’s like the difference between running on a treadmill (without a watch or odometer) and running through the countryside. If you have a destination and can track […]

Teach Your Old Vendors New Tricks

By Doug Hudgeon The Cost Reduction Tip In the 1970s and 80′s, skateboarding went through a renaissance. Difficult tricks became commonplace and impossible tricks became possible. The invention of polyurethane wheels in 1972 and the US drought in 1976 (which led to the draining of concrete pools) kicked off these advances but it was not […]

Cost Reduction – Start by Looking for Game-Changing Opportunities

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 100% of the cost. If that’s not possible, then look at ways to remove 90% of the cost. If you don’t start ambitiously, you’ll miss some real plum cost reduction […]

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