External expertise is essential for unlocking business success and avoiding blind spots. Leaders should leverage the knowledge and experience of external partners to identify and address potential challenges.
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.
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.
In the modern economy, global supply chains have become an integral part of a company’s success.
The will to change and the fear of change are two constants that have been in place since before the dawn of industry.
The complex, global supply chain has evolved significantly in recent years. An integral part of its success is the Flywheel Effect.
In the current global economy, the supply chain can be a volatile and unpredictable entity.
Learn how to identify supply chain bottlenecks and improve efficiency in your organisation with our practical guide. Optimise your operations today.
Accurately measuring customer fill rates is an essential part of managing global supply chains.
The emergence of global supply chains has revolutionized the way businesses operate.
The global supply chain process is complicated and often times daunting.
The global supply chain is a complex system and its success largely depends on the ability of its stakeholders to collaborate. However, when information hoarding becomes rife and key data is kept to individual groups or companies, collaboration can come to a screeching halt. This article will examine how information hoarding can have devastating effects on the global supply chain, and suggest ways to combat this problem in order to ensure successful collaboration between all parties involved.
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.
The global supply chain is a vast and complex system, but its ultimate purpose is to provide for the needs of people around the world. As humans continue to evolve in terms of consciousness, clarity of purpose has become increasingly important. This is especially true when it comes to managing a global supply chain. Hierarchy and organizational structures are still important, but they must be put into perspective with a clear understanding of the ultimate goal – satisfying customer needs on a global scale.
The digital age is revolutionizing the way businesses operate, and networks are becoming increasingly powerful. The global supply chain is no exception: money power is being replaced by network power. In this article, we will explore how network power is changing the way companies create and manage their global supply chains. We will look at how a new type of ‘network intelligence’ is allowing companies to take advantage of greater efficiency, flexibility and scalability.
The global supply chain has been significantly impacted by the drag of Wall Street and other similar financial institutions.
Five fundamental questions that every environmentally pro-active CEO needs to ask about their Supply Chains?
Vivek Sood and Tony Fedorowicz
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
By – Stuart Emmett Note: Stuart Emmett co-operated with our very own Vivek Sood to co-write the book GREEN SUPPLY CHAINS – AN ACTION MANIFESTO.
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
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.
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
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.
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.
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 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.
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 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
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 Modern Rules Of Guide To Supply Chain. It Is Ironic That Though The CFOs Are At The Absolute Center Of The Universe Within Their
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
Transportation optimisation is an important part of a good transportation management system (TMS). Here’s What No One Tells You About Transportation Optimisation. When assessing transportation
