PC Supply Chain Industry in the US
Five fundamental questions that every environmentally pro-active CEO needs to ask about their Supply Chains?
Vivek Sood and Tony Fedorowicz
Why Do Most Executives Supply Chain Act As If They Do Not Matter?
Executives Supply Chain Business Steve Jobs famously asked John Sculley “Do you want to spend the rest of your life selling sugar water — or
Cost Management Tips In Supply Chain By Doug Hudgeon
By Doug Hudgeon The Weekend Cost Management Tips In Supply Chain On the weekends, I’ll give a short cost management tips without web or book
Logistics And Supply Chains -Wrong Definitions and confusion
Logistics And Supply Chains -Wrong Definitions A closer look at the confusion between logistics and supply chains by Stuart Emmett Stuart Emmett co-operated with our very
Supply Chain Relationships- Partnerships Or Partnershaft?
Five fundamental questions that every environmentally pro-active CEO needs to ask about their Supply Chains?
Use Monte Carlo Simulations To Quickly Analyze Supply Chain Model Costs
The Cost Reduction Tip
Doug Hudgeon – The Cost Reduction Tip: Simplify Your Supply Chain
Doug Hudgeon is one of the leading experts on cost reduction and supply chain management. With years of experience in the field, he has a wealth of knowledge that can help companies reign in their costs and become more efficient.
Life Cycle Management
Life Cycle Management (LCM) is an integrated approach to managing the total life cycle of products and services for sustainable consumption and production. LCM takes
Your Business Network can create value using these 10 Ways
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
Why Collaboration Is The NEW Advantage in Supply Chain?
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
Tinderization Of Human Courtship on Supply Chain What It Means?
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
Complicated Systems Vs. Complex Systems
Complex organisations have always existed, but we have to admit that the level of complexity has tremendously increased over the past centuries, especially over the past decades. Complexity now touches everyone, and every organisation. This is something unavoidable, and that is the reason why companies have to learn how to manage it, how to live
5 Strategies That Will Save Your Supply Chain Company
Strategies of Supply Chain Company For every business or economic activity, there is a time when it falls behind its competitors. No matter whether the situation comes to you at the initial stages or you are facing a sudden challenge right after touching the tip of popularity, you surely have to find out the way
The Age Of Global Business Networks
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
From Free Markets To Free Supply Chain Networks And Beyond
Supply Chain Networks Business The story started in the 19th century with the beginning of free markets. The world of free markets is the world where business exchanges started to expand to global organizations and relationships. Many exchanges were now possible thanks to the free markets. The allocation of resources is determined by supply and
Business Relationships : What You Should Know About Them
About Business Relationships Although you may be good at building and maintaining relationships in your life, it can be very different when it comes to business. In effect, relationships between business partners are very specific relationships. As most relationships, they are based on a contract. The contract is the cornerstone of any relationship (personal or
How To Use Social Media Successfully
Social Media Successfully Although social medias are crucial for your communication strategy, they can also be deadly for your business if you do not use them intelligently. There are some important rules and conditions for success by using social medias, and you have to understand them before starting to interfere with social medias. Your customers
IT Outsourcing Strategy Development : 4 Key Areas Of Mistakes
Although Information Technology systems have evolved over the past decades, failures are still frequent. Most IT systems fail because their implementation does not follow the process and the conditions that it should. The people in charge often realize it too late, when the process is already in place. In fact, they only realize it when
The Power Of Preparation In Supply Chain, Better Results
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: Apple’s Emerging Rival Xiaomi Continues To Upstage
Supply Chain Business Network China’s three-year-old technology company Xiaomi has recently announced the sale of its flagship Mi-3 smartphone will be on the Chinese top messaging app Wechat. This is another in a series of tactics deployed by Xiaomi to get to the heart of consumers and spur their demand. Already with 7.2 million handsets
Ford To Recall Escape SUVs For The 7th Time
Ford to recall Escape SUVs due to fuel leaks.Car owners are generally not pleased on hearing about manufacturer recall of their vehicles, yet once again, those owning the 2013 Ford Escape SUVs will be affected. U.S. automobile giant Ford is to recall two more types of the popular model worldwide to fix oil and fuel
Why Supply Chain Models Have To Change For The Better
The Story Of Supply Chain Models In his book The 5-STAR Business Network (http://bit.ly/5-STARBN), Vivek Sood exposes the results of his researches on the organizational structure of companies. Companies used to follow the model of a traditional organization structure as in the following figure: However, the global business world has changed and this structure is no longer
Amazon And The 5 STARS
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
5 Slow Poisons Are Killing The Western Businesses And Making CEOs Jobs
(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
Amazon’s Drones – How Useful in Supply Chain Business?
Supply Chain Business Amazon is known for its bold moves, innovation and customer centric thinking. Just yesterday it released a video of drone delivery of customer purchases from its warehouse and fulfilment centre which became the talk of the town. Regulatory and technological issues apart, I will only take a supply chain perspective in this
Social Media Marketing : 5 Must Know Things
SOCIAL MEDIA MARKETING. Although social medias are obviously helpful tools of communication for your business, there are some things you should know before initiating any strategy. In fact, you cannot implement an appropriate social media strategy if you do not know the bases and the common traps. Then, this article aims at underlining a few
HOW SUPPLY CHAIN 3.0 CAN LEAD TO TANGIBLE BUSINESS BENEFITS (Part 2 Of 6)
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
HOW SUPPLY CHAIN 3.0 CAN LEAD TO TANGIBLE BUSINESS BENEFITS (Part 5 Of 6)
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
Barnes And Nobles – Another Nail In The Publishing Business Industry?
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
Is There A Lesson For Business Networks In Brazil’s 7-1 Defeat To Germany?
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
Importance of KPI in Supply Chain- Try these tricks!
Importance of KPI In Supply Chain Network I came across the following picture on the blog of Thaku Huni and the thought struck me about a situation I encounter quite frequently: Importance of KPI In Supply Chain If you asked any objective person about the KPIs of the group of six men above – most
The 5-STAR Business Network Interview- TRANSCRIPT
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!
Implementation of Green supply chain : Procurement
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
Are You Making What You Are Worth
One of my posts on LinkedIn sparked a lot of interest and a healthy debate. I am not sure about the reason for interest but seems like people agree with the above statement, as well as its reverse: The person who does less than s/he is paid for, will soon be paid less that s/he
Supply Chain Confusion : 11 Causes With Best Solutions
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,
Mind The Gap
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 : Why Business Transformations Fail ?
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.
Business Models – New Unique Perspective 101
Old Business Models Are Getting Redundant When General Motors filed for Chapter XI protection in 2008, it also marked the closing of a type of business models in modern commerce. General Motors was seen as the paragon of modern American management theory as popularized by Peter Drucker in the middle of the twentieth century.
SUPPLY CHAIN 3.0 IS REAL, AND HERE NOW (Part 3 Of 3)
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
THE LAST MILES OF AMAZON COMPLEXITY NETWORK
Miles Of Amazon Complexity Network Rivers become amazingly complex in their last few miles. If you have not yet done that try and navigate the Amazon delta from the sea up to the river – it is an enlightening experience. As a former ship’s master, I have had the privilege of navigating up a number
How SUPPLY CHAIN 3.0 Can Lead To Tangible Business Benefits (Part 6 Of 6)
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
Why Every Start-Up Always Has A Supply Chain Problem?
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.
Why Business Networks Are Important?
“Call it a clan, call it a network, call it a tribe, call it a family. Whatever you call it, whoever you are, you need
What Did Ikea Do When Suppliers Blockaded Its Supply Chain Business
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
Dropping An Anchor – Strategic Thinking On Centralization Vs Decentralisation
Strategic Thinking On Centralization The chief mate was on the forecastle with the bosun and 3 sailors preparing to anchor the ship. Master was on
What I Learnt About Business Transformations Industry -Fighting Pirates (Not In The Caribbean) – Part 1
About Business Transformations Industry I was reminded of this story because I was talking about it in a workshop on business transformation last week. I
Business Transformations Of Supply Chain -Big & Real Picture
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
What Supply Chain Data You Got Is Not As Important As What You Do With It
Supply chain data First let me start with a story. I have some personal experience in 1990 with this ancient mariners’ rhyme:. The Rime of
The Newest Way To Make Your Business Network Great
The 5-STAR Business Network – Make Your Business Network Great In his book The 5-STAR Business Network (http://bit.ly/5-STARBN), Vivek Sood mentions the concept of synchronicity,
How Can I Improve Supply Chain In My Company? Five Signs Of A Broken Supply Chain
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 Leadership Of Digital Supply Chains
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.
Employment In Supply Chain Over 50
EMPLOYMENT IN SUPPLY CHAIN OVER 50 TL/DR Abstract Many highly qualified and experience professionals find it difficult to gain meaningful employment over the age of
How To Get The Most Out Of Your Management Consultants Business Without Spending A Bundle On Them?
How To Get The Most Out Of Your Management Consultants Without Spending A Bundle On Them? Yes, everybody – from Steve Jobs (when he was
Best Way To Reduce Freight Costs in Supply Chain
Freight Costs in Supply Chain Freight costs reduction is almost always the last frontier in the cost reduction landscape. At the board level, most companies
Securing the Supply Chain- The Trouble Companies Go for It
The Trouble for companies in Securing the supply chain Let me tell a story. This is a very entertaining story, but that is not the
The Supply Chain Technology – Keeping It On Track
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
Best Way To Minimise Your Warehousing Logistics In Supply Chain Cost?
Very few companies seem to have enough warehousing space. Almost 80% of the companies I have interacted with as part of my projects (and that
How To Reduce Complexity In Supply Chain Post COVID-19?
I was recently asked this question on the popular Q & A forum QUORA. Sometimes, when the question is really good, I take my time
How To Cope With Supply Chain Disruptions Resulting From COVID-19 Crisis?
How to cope with Supply Chain Disruptions Resulting From Covid-19 I was prompted to write this blog post because of emails on LinkedIn like this
High Demand For Supply Chain Experts & know the Steps Of it?
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
Logistics, Procurement, Production Planning, Warehousing, Transportation – Where Do The Most Effective Supply Chain Leaders Come From?
How Effective Supply Chain Leaders Can Ease Your Pain. This blogpost is likely to be controversial because it will likely make almost every reader unhappy
Why Good Supply Chain Business Executives Make Bad Business Consultants And Vice Versa
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
Finance, Sales, HR, Supply Chain – Where Do Most Effective Business Transformation Leaders Come From?
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
How Did We Arrive At This Confusing State Of Supply Chain?
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.