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Why Every Business Owner Should Study Supply Chain Management

Strategy Driven

Supply chain management is sometimes considered as a posh name for logistics, but it does entail much more than making sure that products are delivered from Point A to B. Having an effective supply chain management system in place will reduce idle times in your business.

The Rise of FinTech in Supply Chains

Harvard Business Review

A new type of services company could transform global supply chains: Financial technology companies that act as intermediaries in facilitating transactions between a company and its suppliers. Operations in a Connected World.

New Supply Chain Jobs Are Emerging as AI Takes Hold

Harvard Business Review

Companies are cutting supply chain complexity and accelerating responsiveness using the tools of artificial intelligence. What does that mean for the supply chain workforce? How companies are using artificial intelligence in their business operations.

Is Your Supply Chain Ready for a NAFTA Overhaul?

Harvard Business Review

These shifts will have important implications for the supply chain and profitability of U.S.-based For example, California-based berry producer Driscoll’s has invested extensively in Mexican berry operations because of the year-round availability of high-quality fruit, lower labor costs, and local know-how. This reduces the supply of dollars, makes them more difficult to get, and pushes up their relative value. NAFTA is headed for a renegotiation.

McDonald’s and the Challenges of a Modern Supply Chain

Harvard Business Review

Part of this story relates to the provenance, or origins, of its products: Chains that provide more upmarket “fast casual” dining such as Panera, Chipotle, and Shake Shack have brands that speak of freshness, health, and trustworthy sourcing.

Rethinking Your Supply Chain in an Era of Protectionism

Harvard Business Review

and European companies have spent the past 20 years concentrating more and more of their manufacturing in East Asia to reduce costs by exploiting labor-arbitrage opportunities and address the promise of that rapidly growing market. It’s time for them to rethink their supply-chain strategies. Adjusting to new economic realities as well as political and economic uncertainties will require making their supply chains much more resilient. Most U.S.

Yes, You Can Predict Supply-Chain Disasters

Harvard Business Review

The disruptions to everything from gasoline supplies to the deliveries of merchandise for the holiday shopping season caused by Hurricane Sandy have demonstrated that our ability to forecast weather events has outpaced our ability to forecast supply-chain disasters. If we can forecast a superstorm, we should be able to predict events that could disrupt supply chains and mitigate their impact. The resilience of supply chains should be continuously improved.

Can Lean Manufacturing Put an End to Sweatshops?

Harvard Business Review

Producers in less-developed countries compete by keeping costs low. Over the last thirty years, the lean approach — developed by Japanese automakers — has permeated the manufacturing sector in developed countries, but is much less commonly used in the developing world.

It’s Time for Companies to Be Strategic About Energy

Harvard Business Review

Last week, at an internal Cisco meeting, the company’s VP of Supply Chain, John Kern, proudly reported that the project had identified ways to cut energy use by approximately 30%, which will likely save $1 million per year. Operations in a Connected World.

China’s Slowdown: The First Stage of the Bullwhip Effect

Harvard Business Review

For the last two months, global supply chains have been experiencing the first stage of a bullwhip effect triggered by uncertainties about the severity of China’s economic slowdown. While the contractions in business activity along global supply chains will cause companies to cut capital investments and inventories, we should remember that this is only the first leg of the phenomenon. Operations Operations management Supply chain Manufacturing Article

What Employers Can Do to Accelerate Health Care Reform

Harvard Business Review

Employers can readily apply market forces and supply-chain tools to improve the performance of both. As part of its effort to use supply-chain methods to obtain the highest quality care for its employees, Intel promptly added procurement specialists to its collaborative.

It’s OK to Move Down (Yes, Down) the Value Chain

Harvard Business Review

Leaders of many companies — in industries ranging from contract manufacturing, and software services to consulting and health care — tell us the same thing: “We want to move up the value chain.” make your own operations more efficient. The Future of Operations.

The Biggest Challenges of Data-Driven Manufacturing

Harvard Business Review

While control systems deployed across the supply chain and factory might collect lots of different measurements at many locations, sampling of data is triggered at predetermined times. Operations in a Connected World.

What You Won’t Hear About Trade and Manufacturing on the Campaign Trail

Harvard Business Review

Why are supply chains structured this way with tiers of component makers who assemble progressively larger pieces? In high-tech products, specialists focus on narrow slices of the value chain where highly specialized skills are necessary. Nearness to market. In this U.S.

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A Better Way for Employers to Procure Health Care

Harvard Business Review

companies manage their supply chains with diligence to ensure suppliers meet their standards for quality and affordability, but the vast majority don’t behave in this fashion when purchasing health care services. market for inconsistent care delivery by providers and dysfunctional payment by health plans. business compared to global trading partners puts them at a serious disadvantage in the international market and is one contributor to the off-shoring of jobs.

How Western Multinationals Are Responding to the Escalating U.S.-China Trade War

Harvard Business Review

” However, there are other ways for Chinese authorities to take reprisals against Western multinationals operating in China should they so choose. There are many ways to apply informal pressure along the value chain from delaying delivery to the easing of quality standards.

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The Rise of Social Graphs for Businesses

Harvard Business Review

All businesses operate within their own networks of vendors, partners, clients, competitors, and other entities — the favored term these days is to talk of their “ecosystems.” Internet Operations management Supply chain

Hard Questions on Our Transition to Driverless Cars

Harvard Business Review

Of the large markets, the U.S., What’s our role in the value chain: facilitator, fleet operator, driverless “driver” supplier (versus vehicle manufacturer)? Where and how do we develop a relationship with cities? If new mobility can dramatically reduce distribution costs, should we rethink the industry’s value chain and distribution access to customer? Economics & Society Supply chain Transportation Digital Article

Leadership and Competition

N2Growth Blog

If you really want to understand a leader’s perspective on the market, ask them about their competition. If we didn’t study films and scouting reports, develop plays that would exploit match-ups, and execute our game plan we would lose…it was as simple as that.

The First Step to Fixing U.S. Manufacturing

Harvard Business Review

But while the largest US firms have seen their domestic revenues grow more than twice as fast as the sector average even in the domestic market, their smaller suppliers—the firms that provide them with the materials and components they depend on—have experienced negative growth. They already report that the domestic supplier base is hollowed out, depriving them of the agility they need to respond quickly to new market opportunities. kevin phillips/Getty Images.

Overcoming the Barriers to Corporate Entrepreneurship

Strategy Driven

Instead, longevity is based on entrepreneurial thinking and innovation – in exploring ways to adapt corporate and business strategies in response to market, technological, and social and cultural change.

This Coalition of 20 Companies Thinks It Can Change U.S. Health Care

Harvard Business Review

To achieve better care, employers need to work with providers to determine the conditions that are generating the greatest direct and indirect costs and to develop measurable quality goals. And while employers operate across state lines, very few providers do.

What’s Your Time Worth? Why Pricing Matters

N2Growth Blog

In today’s post I share my thoughts on how to develop a sound pricing strategy… While the topic of pricing is certainly not rocket science, it has indeed been a thorn in the side of business people since the dawn of commerce. Do you know how big your market is or isn’t?

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Midsized Companies Can’t Afford Operational Glitches

Harvard Business Review

But they don’t think nearly enough about operational meltdowns – technological glitches and other problems that can put them out of business. They are usually quick to recognize operational problems and deal with them before they become disasters. Instagram dodged an operational meltdown that could have rendered the start-up dead on arrival. Operational meltdowns at midsized companies can take much longer to notice and resolve. Operations Small/medium business

Standard Operating Procedures Can Make You More Flexible

Harvard Business Review

Most people think standard operating procedures are a strait jacket that limits their flexibility. As Chief Marketing Officer Paul Matsen told me, "We use enterprise-wide standards. Another example at Cleveland Clinic is in search engine marketing. Customers Health Operations

Stop Operating with a Guild Mindset

Harvard Business Review

Craftsmen allied themselves to essentially create firewalls around their primary competitive offering in the market. Today, the guild mentality persists within companies, where functions such as marketing, sales, finance, IT, human resources and R&D all have their own area of special expertise. Frito-Lay's DSD system relies on sophisticated analytics, tools and supply chain expertise - skills and knowledge that come from traditionally distinct functional backgrounds.

StrategyDriven Podcast Special Edition 50 – An Interview with.

Strategy Driven

Special Edition 50 – An Interview with Marshall Fisher, co-author of The New Science of Retailing examines the use of analytics to improve an organization’s supply chain performance in a way that ultimately enhances the bottom line.

3 Emerging Market Risks Companies Should Watch for in 2018

Harvard Business Review

This means that many emerging market risks get cut from the senior leadership agenda. They did not spend as much time thinking about local events that have implications for their emerging market operations. We identified three emerging market risks that are top multinational leaders should be paying more attention to this year: the election of populists in Brazil and Mexico increasing the cost of doing business. Emerging Markets Require a Risk-Reward Balancing Act.

How the Rapid Growth of Ecommerce Is Driving Changes in Logistics and Transportation Management

Strategy Driven

With the customers demanding faster deliveries, field service businesses are now looking to develop a more time-definite supply chain. With the omnichannel approach to e-commerce gaining ground, there is a major need for distribution centers to be located near urban markets.

How Marketers Can Personalize at Scale

Harvard Business Review

Marketing has entered its “uncanny valley” moment. Some marketing efforts give off the same vibe, like that creepy feeling when a casual online search leads to a glut of ads for the same pair of boots or getaway destination. Sales & Marketing. Marketing Article

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How to Start a Business That’ll Succeed: A 10-Point Guide

Strategy Driven

To set yourself up for success, you need to understand how to develop a strong business model and to avoid the potential pitfalls that could thwart your venture’s growth and profitability. A part or full-time job will keep money in your pocket while you’re developing your budding brand.

Develop Your Company’s Cross-Functional Capabilities

Harvard Business Review

Instead, our interviews found a willingness to let organizational forms and structures evolve naturally, developing in line with the identity of the enterprise. Some of the first business functionaries were railroad telegraph operators who managed schedules.

What Businesses Need to Know About Sustainable Development Goals

Harvard Business Review

First, the global goals campaign represents a significant new opportunity for companies that view emerging and frontier markets as their source of long-term growth. Realizing the Sustainable Development Goals will improve the environment for doing business and building markets.

The Trade War with China Could Accelerate 3-D Printing in the U.S.

Harvard Business Review

Fed up with Beijing’s industrial espionage, market manipulation, and cyber attacks on the West, coupled with its bullying of neighbors and repression at home, the Trump administration announced a series of strong steps to fight back. SAUL LOEB/Getty Images.

Why Technology Won’t End the Marketing Hierarchy

Harvard Business Review

A few years ago one of the most vexing questions for marketing executives was whether big corporations were going to have to do what Bharti Airtel had done. Airtel’s move quickly transformed the mobile-phone market in India as other telecomms followed suit. Marketing

Marketing’s New Digital Role Is Shortchanging IT

Harvard Business Review

But if accounting once led to widespread computerization, marketing is leading today’s digital revolution. Today, digitally recorded data describe nearly everything about our world, from highly tangible things like parts in the supply chain, inventory on the shelf, and seats on the plane to less tangible concepts like probabilities and sentiment. And it’s the marketing department that’s become the central repository. into digital-marketing efforts.

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What Companies Have Learned from Losing Billions in Emerging Markets

Harvard Business Review

Multinational corporations long have looked for growth opportunities in emerging markets. But after the Great Recession of 2007-2009, when developed economies effectively froze in place, their appetites only sharpened. In 2014, according to the latest United Nations estimate, direct foreign investment (FDI) in emerging markets reached more than $700 billion — accounting for over half (56%) of all global FDI flows for the first time.

The Big Picture of Business: Putting Budgeting Into Perspective, The Bigger Picture of Strategic Planning

Strategy Driven

Business development. Supply chain management should be implemented. Adjustments must be periodically made to target markets, definition of terms and modification of strategies. Doing the things necessary to assure revenue (billings, sales, add-on’s, marketing).

How Dumb Is Your Business?

N2Growth Blog

Posted on October 13th, 2010 by admin in Operations & Strategy By Mike Myatt , Chief Strategy Officer, N2growth How dumb is your business? If your company can’t be operated by mere mortals, you need to reexamine your business logic.

Inventory Management in the Age of Big Data

Harvard Business Review

In order to make effective use of this new data and to stay competitive, managers will need to redesign their supply-chain processes. This data can be used by material-management systems to control ordering and distribution of products throughout a company’s extended supply chain.

How GE and IBM are Playing Global Development to Win

Harvard Business Review

Most big corporations follow global development trends. That is the reactive approach to economic development. CEOs are proactively engaging with emerging market government to spur economic development and create opportunities for their companies. In the fast growth markets of Asia, Africa and Latin America, national governments are responding to a more empowered citizenship, and looking for corporate partners to achieve their development goals.

Leading in a World of Resource Constraints and Extreme Weather

Harvard Business Review

The issues in each of these buckets require new leadership, or at least a rethinking of it in the highest ranks of companies, and deep operational changes. The advice boils down to building better strategic foresight and creating more agile management and operations.

Data Can Do for Change Management What It Did for Marketing

Harvard Business Review

Retailers combine data on demographics and weather to predict sales and develop merchandising plans. Housing market price changes can be more accurately predicted from analysis of Google searches than by a team of expert real estate forecasters. There has been a rapid uptake in health care, consumer marketing, crime reduction, agriculture, scientific research, and many other areas. The issue is that they operate as artisans, not scientists.