The History of Sustainable Packaging Industry. It packs a lot in a small space, efficiently uses the minimum amount of resources, it’s not a product
The History of Sustainable Packaging Industry. It packs a lot in a small space, efficiently uses the minimum amount of resources, it’s not a product
The Cost Reduction Tips
By Stuart Emmett
by Doug Hudgeon
Executives Supply Chain Business Steve Jobs famously asked John Sculley “Do you want to spend the rest of your life selling sugar water — or
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
How To Get People To Like Re-Thinking Supply Chains A Look At Rethinking Supply Chains By Stuart Emmett Stuart Emmett co-operated with our very own Vivek
Five fundamental questions that every environmentally pro-active CEO needs to ask about their Supply Chains?
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
Cost analysis is a vital part of an efficient supply chain. With cost analysis, businesses are able to assess their current spending and plan for future investments. Monte Carlo simulation is an advanced method of cost analysis that uses random sampling to help organizations identify potential risks and opportunities. Google Spreadsheets provides businesses with a convenient platform for conducting Monte Carlo simulations.
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
By Doug Hudgeon The Cost Reduction Tip EFFECTIVE COST MANAGEMENT REPORTS PREPARATION. Effective management accounts are critical to a cost reduction initiative. Without it, your
Corporate Social Responsibility In INDIA (Part I Overview) Corporate social responsibility must not be defined by tax planning strategies alone. Rather, it should be defined
The key to realizing value in business is to use your business network. The marketplace has moved on from a time when the competition was
The study of history is filled with valuable lessons that can provide us with insight into how to shape the future. From ancient civilizations to the modern world, the most powerful lessons of history can be used to inform decisions about our current societies and potential outcomes for years to come.
In recent years, Intel Corporation has become a leader in the production of computer hardware and software components. But, as one of the biggest suppliers of microprocessors to the technology market, has Intel failed to capitalize on the growth and potential of mobile devices?
The world has changed drastically in the last few months, and businesses have been forced to adjust their strategies in order to remain successful. As a result, new business models have emerged as a way for companies to stay competitive and profitable in our new global context.
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
About Human Courtship on Supply Chain I vaguely recall reading a research paper on human courtship by a US professor, where he hypothesised a 13 stage courtship process starting with eye-lock to for-ever-after. He had studied several human societies – ranging from primitive isolated tribes to modern urban tribes and concluded that the process was
About Business Networks Global Business Networks are essential in nowadays’ business world, we have no choice but to accept this fact. In effect, no business can survive now without building a proper business network beforehand. This is the first reality anyone has to understand before starting his business. This is the root of all the
Trends For Management Implied We have no choice but to accept that complexity is omnipresent in every organisation today. Complexity took a very important place in organisation because it is bigger than it used to be one century ago. For this reason, managers and executives have to learn how to run their business while managing
Demand In Supply Chain Business Taipei-based Foxconn Technology Group, whose biggest client is Apple, is to invest $US40 million in the United States to boost its high-end production chain. The move, welcomed by the US government, is part of the growing trend to seek a non-China outsourcing location. The world’s biggest contract electronics manufacturer will
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
SUPPLY CHAIN BUSINESS AND SOCIAL MEDIA. Social media are amazing because they allow you to interact directly with visitors, which could be a great help for your business. This term covers a large range of websites, and it can refer to social bookmarking (Del.icio.us, Blinklist, Simpy), social news, social networking (Facebook, twitter, etc.), social photo
About Business Network Developing a “five star” business network is not as hard as it seems. People say that to develop a powerful network requires years of hard work. However, all it requires is three things: knowledge of who you would like to develop a connection with, your purpose for connecting and knowledge of the
Different Products on Supply Chain Business Every company wants to improve its results, and to do so, they can use very different ways. The most common ways they use to achieve this goal are whether improvement of the quality or the reduction of their costs. How do they do? What methods do they use?
Learn More Effectiveness Outsourcing Business In his book The 5-STAR Business Network (http://bit.ly/5-STARBN), Vivek Sood talks about prophecies coming from an article written in the Harvard Business Review in 1999. Efficiency And Effectiveness Outsourcing Business Although this article was written almost 15 years ago, the authors, John Hagel III and Marc Singer, were very forward thinking about companies.
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
CXOs will never make it Business CEO Kevin was a brilliant finance executive. After doing a few years in an accountancy practice he had joined a company in its finance department and steadily risen in rank over the years to become its Chief Finance Officer. The board trusted his numbers as well as his prudent
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
About 5-STAR Business Network Owners of cars made by a range of manufacturers such as Ferrari, Mercedes-Benz and Volvo will be able to voice-command their vehicles using iOS devices this year. Apple will unveil CarPlay, the integrated infotainment system, at the 83rd Geneva Motor Show, which takes place from Mar 6 to 16, 2014. The
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 E-Bay And Amazon Beware of Alibaba’s coming IPO The world’s biggest e-commerce company is set to go public in the world’s biggest retail market, the latter is true at least for now. Alibaba announced its decision to “commence the process of an initial public offering in the United States” on Sunday.
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
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
As you can see, supply chain 3.0 is for everyone, small and big companies. Now let me demonstrate the concrete benefits of having supply chain 3.0 and I promise these are not dull or irrelevant stories. Supply Chain 3.0 Helps Leverage Your Business Infrastructure Over the past several decades, both the global economy as well
Business Executives of Brazil’s Soccer In the early 90s, more than two decades since its last World Cup championship title, Brazil hungered for the trophy more than any other country on earth. Yet the scars from its 1950 campaign were still not totally erased. Dubbed as the saddest day in Brazilian soccer history, July 16
Business Model Transformation In the previous blog in this series I wrote about the Brazilian soccer teams transformation from an individualistic style of play to a network style game. In early 90s, more than two decades since the last World Cup championship title and Brazil faced an interesting juxtaposition – continue with what led to
SUPPLY CHAIN 3.0 I hope by now you have grasped the business model in which Supply Chain 3.0 resides. Before we examine all the concrete benefits of Supply Chain 3.0, let us briefly differentiate it from its predecessors. Table 1 sets out to do that: Table 1 – Supply Chain Metaphors Supply Chain 0.0 Supply
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
The Art Of Harmonious Rebalancing The Supply Chain Company Many years ago, I was engaged in a strategic transformation project in a mid-size airline. For some curious reasons the airline was of critical importance to the national economy and occupied a very high position in the national political totem pole.
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
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
Has Apple learnt the lesson that Dell never learnt? Apple has grappled with this conundrum for a while now – when, if at all, to dump Samsung? There comes a point in every business network when the erstwhile suppliers become more powerful than the ‘customer’.
Dell’s Supply Chain Dell has not made as much news as it is making in the last few weeks for nearly a decade. Dell is once again back in the news this week, after opening its books to scrutiny by activist investor Carl Icahn. It has been a rocky road for Dell of late; 2012
Topic: The 5-STAR Business Network Interview Interviewer: Ric Bratton of This Week In America Interviewee: Vivek Sood of Global Supply Chain Group (author of The 5-STAR Business Networks) Here is the entire transcript of the interview: 5 STAR Business Ric Bratton: Welcome back everybody!
Supply Chain Management (SCM) Supply Chain Management (SCM) is an essential element of operational efficiency. SCM is critical to business operations, therefore it is clearly important for a company to know, understand and master the supply chain. Supply chain’s evolution can be break down into three generations.
PDF – Impact of Supply Chain Management in Businesses of Today
What is Supply Chain Optimisation? System demos are tedious things at best. The developers are trying to showcase the best aspects of their baby in best possible light. They have spent months, sometimes years, thinking about and developing functionality. It is really a big ask to show off the usefulness of it all, in half
Extract from the book “The 5-Star Business Network”, written by Vivek Sood Why Successful Business Networking Are Important? 5 Star Business Networks There was a time, not more than a few decades ago, if you were General Motors you would attempt to own every part of your business. The assembly lines, the parts manufacturing plants,
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:
Traditional Green Supply Chain In a traditional supply chain, the flow of materials and information is linear and from one end to other. There is a limited collaboration and visibility. Each supply chain partner has limited information regarding, for example the carbon footprint and Green House Gas emission of the other partners.
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
Why Corporate Social Responsibility Matters ? One of the best definitions of Corporate Social Responsibility is perhaps provided by Archbishop Desmond Tutu’s The Benchmark Foundation. It states: “Corporate Social Responsibility (CSR) is the decision-making and implementation process that guides all company activities in the protection and promotion of international human rights, labor and environmental standards
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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,
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.
Good As The Data They Have . One of the reasons I invest so much time and resources of our company in keeping current with the information technology is that good supply chain depends almost entirely on good information. And, your information is only as good as the
Supply Chain Management In Digital Economy In the rapidly changing world – role of supply chain is constantly evolving. There are now at least three generations of supply chains and the confusion about the roles and expectations is leading to massive losses inside the corporations.
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
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
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.
Facebook and NewsCorp On the face of it, the two companies could not be more widely apart. One is the paragon the new paradigm, while other is an old dying breed! I am, of course, talking about Facebook and NewsCorp. That is what all the pundits will tell you. They will also explain the logic of why News Corp bought MySpace in
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
Troubles in big data are starting to emerge. Big Data in Supply Chain I have written about these earlier and warned the clients to first make sure their small data is working as intended before jumping into big data. If you cannot control your small data, your ERP system, your EIS or your cloud then
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 Business 911 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
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
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
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
How Will Asian Banker Summit 2015 Be In The Future On 14 – 16 April 2015 in Hong Kong Convention and Exhibition Centre, Hong Kong,
Organizational Silos in Supply Chain Organizational silos are based on the division of labor, on organizing the labor in such a way that each individual
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
Amazon’s Threat to Australian Retailer – Some points missing Yesterday (on 2nd November 2017) I happened to briefly glance at the Australian Financial Review –
Supply Chain And Logistics Recently, obstetrician Dr Liu Hongmei hit global headlines when she disclosed the story of a young couple who came to her
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
Startling Statistics Consultants Supply Chain I came across startling statistics which prompted a new line of thinking that I wanted to share – hence this
If you have been a senior executive in the corporate circles for just a few years, you already know the truth about this great fight
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,
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
Do Not Waste Your Money On Transportation Management System (TMS) Unless You Do This First Online Resources Facebook Twitter Linkedin Youtube Do Not Waste Your
Supply Chain Management The most fundamental requirement is that the decision makers have a good understanding of supply chain management itself. The key reason that
Information Technology Tools We are asked this question in a number of workshops and public forums. That is not surprising – after all the question
Supply Chain Management Planning And Execution Needs Decision Making For a human to be switched on 24/7 and make real time decisions as soon as
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
The Overwhelming Container In Supply Chain Freight Rates It is a scary trend – and one index after another is confirming it. Container freight rates
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