The modern global supply chain is a complex system of relationships and processes that requires experienced, yet humble, transformational partners in order to reach its highest levels of excellence.
Organizations must balance cost reduction and competitive drivers to avoid blinkered vision. A myopic focus on cost cutting can lead to missed opportunities and lost competitive advantage.
As the world’s global supply chain continues to expand, there is a need for businesses to ensure efficiency and sustainability.
Global supply chains are complex systems that require careful consideration and planning.
Learn the common reasons behind failed business transformations and strategies to overcome them in this comprehensive guide. Avoid costly mistakes and drive long-term success for your business.
Results-Focused, Modularized Outsourcing (ROM) is a powerful approach for maximizing efficiency and cost savings in business operations. By breaking down complex processes into modular components and outsourcing specific tasks to specialized providers, companies can achieve greater flexibility and scalability while reducing costs. In this article, we’ll explore the benefits of ROM and provide strategies for implementing this approach in your business. With ROM, you can streamline your operations, reduce overhead expenses, and focus on core competencies, leading to improved profitability and long-term success.
Fire-Aim-Ready (FAR) is a methodology for mastering innovation and staying ahead of competitors. By focusing on rapid experimentation, this approach helps companies quickly iterate and refine new ideas. In this article, we’ll explore the benefits of the FAR methodology and how it can be used to drive innovation and growth.
The complex, global supply chain has evolved significantly in recent years. An integral part of its success is the Flywheel Effect.
Creating loyal customers is an essential part of running a successful business.
Learn how to identify supply chain bottlenecks and improve efficiency in your organisation with our practical guide. Optimise your operations today.
The development of new products has become a major factor in the success of businesses today.
The Power of Connections: Embracing the Network as the New Business Model” explores how networks can enhance business models and increase competitiveness in a rapidly changing marketplace.
Collaborative supply chain management can enhance profitability and optimise operations. Learn how collaboration among partners can unlock maximum profitability in this blog.
The emergence of global supply chains has revolutionized the way businesses operate.
In today’s modern business landscape, companies are increasingly relying on complex global supply chains. In the old model of supply chains, businesses used to interact with each other in a very linear manner. This model was highly efficient in its day, but it was ultimately limited by factors such as time and geographical constraints. With the development of digital technologies, companies have been able to create more sophisticated supply chain models that are better adapted to the ever-changing global economy.
In an increasingly globalized business environment, it is essential for companies to stay ahead of the curve when it comes to their supply chain models. With a shift towards digital transformation and the integration of new technologies into existing systems, many companies are finding that traditional supply chain models are no longer sufficient to keep up with the changing world. This article will explore why new business models are needed in order to remain competitive in the global marketplace, particularly as it relates to the evolving global supply chain.
In an increasingly globalized world, the complexity of our supply chains can be daunting. The need for effective management of global supply chain operations is essential in order to maintain cost savings and reduce risk. Fortunately, advances in technology have made streamlining supply chain complexity much easier than ever before. This article will explore the different ways that businesses can use technology to simplify their global supply chain operations and improve their bottom lines.
ABC Supply Chain Transformation All successful Supply Chain Transformations have three things in elements – Alignment, Balance and Continual Improvement. Click below to share
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.
Five fundamental questions that every environmentally pro-active CEO needs to ask about their Supply Chains?
Vivek Sood and Tony Fedorowicz
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
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
Life Cycle Engineering On Supply Chain Advancement in technology and the abundance of raw material has resulted in the increased consumption of products and services
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 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.
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.
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
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
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
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
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
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
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 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.
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
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
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
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
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?
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
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
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
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
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
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.
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.
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
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.
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.
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
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
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
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
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.
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
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
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
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 Mysteries Of Supply Chains I have been asked this question a lot on Quora, as well in my board and other speeches. A lot
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.
The Global Economy Mr Trump I have nothing against you President Trump. I have nothing for you either. But, when I heard of the directive
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
The Modern Rules Of Guide To Supply Chain. It Is Ironic That Though The CFOs Are At The Absolute Center Of The Universe Within Their
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
The Leadership Of Digital Supply Chains Boards always ask the hardest questions. That is why these gentlemen (and ladies) get to be on the boards.
Common Between Enron And Bitcoin I was at a Melbourne Cup luncheon yesterday, and someone asked me why I do not write about Bitcoin. On
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
About Supply Chain Security I know that Supply Chain Security is not the top of mind of anyone. Least of all for people who are
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.
Startling Statistics Consultants Supply Chain I came across startling statistics which prompted a new line of thinking that I wanted to share – hence this
It is a legitimate question on supply chain security – How important is continuity of supply to you? How far would you go? Would you
The Supply Chain Technology For Their Competence Impressive things are difficult to forget. And, sometimes difficult to describe in a manner which does full justice
Amazon Supply Chain Is So Famous If you asked an Uber driver in Sydney today what is the greatest strength of Amazon – they will
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
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
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
What Is Sales And Operations Planning (S & OP), And What Is Its Significance In Supply Chain Operation Management? In any company sales department or
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 Training Level We often get this question for two reasons: 1. People are trying to peg where our company’s training offering is focused
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
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
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
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
About Fundamental Foundation In a quotation famously and perhaps apocryphally attributed to Intel Corporation founder Andy Grove, he said: “For one brief moment the demand
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
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
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
