Black Swan events are almost impossible to predict. Instead of coming under the illusion that we can anticipate the future, risk management should try to reduce the impact of the threats we don’t understand. To change the way we think about risk, we must avoid making six mistakes. You CANNOT Read more…
What are the traps of managing supply chain inventories ? Manufacturers have been concentrating on quality of incoming materials and outgoing products, but they haven’t been paying as much attention to the costs associated with transporting and storing them. Some pointers from Lee & Billington are more valid today than Read more…
Last year companies were grappling with higher e-commerce order volumes, an uncertain global tariff environment, a tough political environment and stiff competition for both labour and warehousing space. Immediate reactions included reshoring manufacturing operations, seeking out new, non-Chinese sources of supply, transforming physical stores into full-blown delivery hubs and investing Read more…
As the supply chain management field has broadened and shifted over time, and as the term has been coopted and redefined by various interests, many views of supply-chain management have emerged. Some are detailed and operational; many focus on information technology. Executives are often uncertain about what falls within the Read more…
Today, many consumer goods companies have been forced to accommodate smaller markets, as these niches often provide the only path to growth and escape from heavy price competition. However newly launched products suffer from notoriously high failure rates! Surprisingly new products fail not because of technical shortcomings but because they Read more…
Given the uncertainty and volatility in today’s world coupled with the complexity and ambiguousness of suppliers, the task of building world class supply chain is hard.Below are the capabilities companies need to build in order to get world class supply chain Clear end to end modeling understanding the capacity of Read more…
We always like reading McKinsey’s State of Fashion for the coming year. Some highlights below for Fashion in 2021. You can download the full report here. According to McKinsey Global Fashion Index analysis, fashion companies will post approximately a 90 percent decline in economic profit in 2020, after a 4 Read more…
Our vendors have 70% Due date performance (On time- In full).“There is a 90% chance of me procuring the raw material on time, if my vendors are reliable. Isn’t that great?”, said the Procurement Head.“There is a 90% chance of me producing the item on time, if I have the Read more…
What’s one of the most deceptive questions you can ask yourself in Consumer goods or retail environment ? We get answers to the questions we ask. So if we ask incorrect questions, we shouldn’t be surprised when we get a misleading answer. For instance in the area of inventory control, Read more…