How Far Would You Go To Secure Continuity of Supply?
It is a legitimate question on supply chain security – How important is continuity of supply to you? How far would you go? Would you commission an act of aggression, if that was the only way of assuring supply chain security to keep the supply lines open? Would you go further than an act of […]
Use Monte Carlo Simulations to Quickly Model Costs and Influence Stakeholders
By Doug Hudgeon The Cost Reduction Tip Taking your business down to its lowest possible operating cost typically involves changing (usually simplifying) processes. When preparing a business case for changing your current processes, it is usually easy to nail down system costs but people costs are almost always problematic. Even if you believe you can […]
Change Your Processes Before Implementing New Software
By Doug Hudgeon The Cost Reduction Tip The success rate of software implementations is woefully low. There are lots of reasons for it ranging from overselling by vendors, overspecing by customers, lack of consultation with stakeholders, under-resourcing the implementation team, etc. But in my view, much of the source of failure comes from unnecessarily bundling […]