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Supply Chain Business 911: Five Tips For Better Results By Anais Lelong

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Supply Chain Business 911: Five Tips For Better Results By Anais Lelong

Supply Chain Business 991

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 business issues from the book The 5-STAR Business Network.

First of all, think about your business network. This is the most useful tool that you can use in almost any situation, for any kind of problem.

Your business network is your master-key.

Supply Chain Business Network

Usually this is not the first thing people think about when talking about business issues, but they must pay attention to it, and try to develop their business network the more they can in order to be able to use it in many troubled situations.

The second tip you could use for your business is preparation based on forward thinking. Indeed, in any process, preparation is crucial.

This is the lack of preparation that is often responsible for failures. For example, many outsourcing projects keep failing because there is too much precipitation and data collection is not depth enough.

The lack of preparation involves a lack of visualization of the future changes and this is what makes projects fail.

In effect, companies often rush into big outsourcing projects without thinking about all the changes that it will involve. For this reason, they cannot anticipate the consequences on their business and become unable to achieve the expected results.

Besides, the partner selection is also very important. In effect, it can take time to analyze all the data collected about the different suppliers available.

However, it is necessary to do it well in order not to choose a bad supplier who will not match your requirements. Everything is linked and this is the reason it is important not to neglect these details.

Your business network is the key, but preparation is essential for any project and the choice of your partners also needs preparation and it aims at building your business network.

Some Tips of Supply Chain Business

Therefore, it can be uneasy to think about all these things at the same time while planning a project, but this is essential.

The next tip would be about the relationship itself. Although suppliers are numerous, this does not mean your relationship with them can be neglected.

In effect, the secret of a successful relationship is collaboration. Long-term relationships are the basis of an efficient global business network.

Many projects fail because of companies choosing random partners and they do not often give the expected results.

Thus, it is important to build long-term relationship so you can be sure about the quality of the services your partners will provide you.

Besides, collaborative relationships enable your business to rely on these suppliers. You can easily benefit from this safe situation.

Finally, you must be aware of your competitors, as well as their strategies. This is about competition, but especially about what you can learn from them and their mistakes or good decision, to get better than they are.

This necessitates a great data collection pre-work. It is not easy to learn about competitors and it takes time, but it can be very useful to know the more you can about them, in order not to be left behind. Competition is a threat, which needs to be monitored.

Obviously these tips are only the first hints to show you the right track and we could write many pages about them and we could also add many other tips, but this article aims at giving you some guidance and some directions to look at when encountering business process issues.

Know More Supply Chain Business

Once again it shows the importance of the business network. In his book The 5-STAR Business Network (http://bit.ly/5-STARBN), Vivek Sood explains the very essence and advantages of this amazing concept.

It is the most important thing any CEO must think about all the time, this is a master-key, and everything is related to your global business network.

by Anais Lelong

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Copyright - These concepts, frameworks and ideas are copyright of GLOBAL SUPPLY CHAIN GROUP from the time of their creation. Do NOT copy these without permission and proper attribution.

Notes:

1. These ideas and concepts will be usually expressed by our thought leaders in multiple forums - conferences, speeches, books, reports, workshops, webinars, videos and training. You may have heard us say the same thing before.

2. The date shown above the article refers to the day when this article was updated. This blog post or article may have been written anytime prior to that date.

3. All anecdotes are based on true stories to highlight the key points of the article - some details are changed to protect identification of the parties involved.

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ABOUT THE PRINCIPAL AUTHOR

Today, Vivek and his partners are among 20-30 people on the planet earth who have this deep understanding of supply chain systems, practices and tools. CEOs, COOs, executives and Boards call them in most challenging situations once they know the full potential of supply chain based transformations. Following are key milestones in Vivek's journey:

  • Started in 1983 as a merchant navy cadet at 18 years age, worked his way to qualify as a Captain – qualified to take command of any merchant ship, worldwide.
  • Earned a top tier MBA from UNSW at the top of his class.
  • Joined highly regarded strategy consulting firm Booz Allen & Hamilton, consulting to the CEOs, Boards and senior management of global corporations within Australia.
  • To learn and specialise in supply chain – against all odds, sought out the co-inventor of supply chain in Germany and convinced him to be a partner in his firm, GLOBAL SUPPLY CHAIN GROUP, launched in January 2000.
  • More than 500 successful blue chip projects with high impact business transformations in large corporations using the full power of SUPPLY CHAIN MANAGEMENT.
  • 4 Seminal and path breaking business books IN SUPPLY CHAIN MANAGEMENT – these are available in bookstores and universities and libraries worldwide.

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THE 5-STAR BUSINESS NETWORK

If you are deeply passionate about the world of business and supply chain networks as I am, and enjoy digging answers to critical questions that will help build and steer your business with wisdom, then join me. This book is a journey of exploration through the world of business networks that run along the veins of today’s commercial world.

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OUTPERFORM OUTSOURCE OUTPROFIT

The trend of outsourcing continues to grow unabated with the whole gamut of services, from simple to mission-critical tasks. There is not a single company on earth that does not outsource anything. It is not just about cost arbitrage, it is also a finer expression of division of labour at the organisational level. Like all leverage, outsourcing is a double-edged sword too. On one hand, it allows you to do more, faster. On the other hand, if it goes bad, it can easily kill your business. If you do not believe that is possible – you can google the Fox Meyer saga from the 90s and see for yourself.

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UNCHAIN YOUR CORPORATION

Businesses Are Chained By Unseen Chains. If You Are Looking For Ways To “Unchain Your Corporation” A Successful Business Transformation Is Required.

Successful Business Transformations Are Difficult, Yet Rewarding.

Business Transformation Is Fast Becoming A Question Of Survival In The Modern Globalised Era.

Modern Supply Chains Integrate Businesses And Economies Faster By Systematic Information Sharing From Internal And External Sources.

Companies Can Multiply Profits By Progressively Ramping Up Cohesion And Collaboration Of All Moving Parts In B2B Network To Achieve Tighter Integration.

4.3
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GREEN SUPPLY CHAIN – AN ACTION MANIFESTO

It is generally accepted that environmental consciousness is now changing to environmental proactiveness as organizations are discovering that it makes good commercial sense.

Boards are asking the management to review their policies related to environmental norms, not only to bolster their corporate social responsibility aims, but also because consumers are asking for greener supply chains

It is also widely agreed that consumers will increasingly prefer to buy more and even pay more for products or services provided in an environmentally sound manner.

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