Garbage In Garbage Out Are we putting too much focus on building new processes without understanding the importance of having reliable inputs to our processes ?A lot of management attention goes in deciding how to get the right product at the right place at the right time. But if we Read more…
With the rapid pace of change in today’s retail industry, it is often easy to forget about the importance of getting the basics right. Inventory and how it is managed is a fact of every retailer’s life and the common denominator of all retail businesses. Yet despite the lack of Read more…
Supply chain management (SCM) is much more than a materials movement or transportation initiative. It is also a new way of thinking about business relationships. Some organizations, however, are trying to adopt supply chain management practices (such as just-in-time replenishment or strategic sourcing) without also implementing an organization-wide supply chain Read more…
1. Resiliency is a philosophy (like LEAN) and not a tactic (like JIT). In the current disruptive world resilient supply chains wins business and growth.2. Balance cost, performance and resiliency. It’s not choosing one over another but to engage right type of action to mitigate the risk with cost benefit analysis.3. Plan for Read more…
Generally, the further up the chain you go, more predictable the lead time. The article talks about how to ensure that you can handle the times when it is not predictable. The problem most supply chains run into is that space restricts the last inventory points versus the variation in Read more…
Firms often take a piecemeal approach to sustainability.They demand that suppliers replace materials with greener ones, for instance, and they tweak their own operations with recycling, energy-efficient equipment, and the like.Although these changes often seem worthwhile individually, they may in the grand scheme generate unintended consequences, such as higher financial, Read more…
More sales don’t always translate to more profit for the company.One sure shot way of ensuring a healthy jump in profitability is by ensuring right inventory management practise. Knowing what’s in your inventory and how to control it is good for everyone’s business.If you are a supplier, retailers want you Read more…
There are four basic types of supply chain drivers: constraints, variability, velocity, and life cycle. The best teams design their supply chains based on these factors. There are five basic types of constraints: material, manufacturing, transportation, financially imposed, or regulatory constraints. The bottlenecks shift depending on volume and mix. Skilled Read more…
4 deep seated obstacles to change 1. 𝗙𝗮𝗶𝗹𝗶𝗻𝗴 𝘁𝗼 𝗦𝗲𝘁 𝗣𝗿𝗼𝗽𝗲𝗿 𝗘𝘅𝗽𝗲𝗰𝘁𝗮𝘁𝗶𝗼𝗻𝘀Managers may worry that if they set specific targets, their people can’t achieve, they too will look like failures. 2. 𝐄𝐱𝐜𝐮𝐬𝐢𝐧𝐠 𝐒𝐮𝐛𝐨𝐫𝐝𝐢𝐧𝐚𝐭𝐞𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐏𝐮𝐫𝐬𝐮𝐢𝐭 𝐨𝐟 𝐎𝐯𝐞𝐫𝐚𝐥𝐥 𝐆𝐨𝐚𝐥𝐬Having to play nursemaid to so many activities saps executives’ time and energy. Yet, Read more…
Many managers are reluctant to make valid demands from their team members. To avoid having to impose new requirements on subordinates, a manager may decide to take on the job himself. He reassures himself that his people are already overloaded or that they lack some qualification that he possesses.At the Read more…