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.

How Coty Reinvigorated Its Supply Chain

Harvard Business Review

where one of us is Vice President Supply Chain, suggests this “magic” can be repeatable. In 2010, Coty was rapidly expanding through acquisitions and internal growth and needed to align, integrate, and further accelerate improvements in its supply chain.

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.

Find the Weak Link in Your Supply Chain

Harvard Business Review

A big challenge in today’s world of far-flung, complex supply chains is the limited understanding of the impact on your operations of unexpected disruption at one supplier’s site. In response, we have developed a remedy. The Future of Operations.

Rethinking Your Supply Chain in an Era of Protectionism

Harvard Business Review

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. Such a policy alone could have a major impact on companies operating in the United States. supply base: The United States suffered a net loss of nearly 19,000 manufacturing firms between 2001 and 2015, according to our analysis of U.S. Most U.S.

Running a Smooth Operation: Tips for a More Organized Warehouse

Strategy Driven

Warehouses play a vital role in the supply chain and can, therefore, have a dramatic impact on your business’ bottom line. Of course, having a small amount of safety stock is always sensible, but you should reduce this to the bare minimum if you want to run a really smooth operation.

The Supply Chain Economy and the Future of Good Jobs in America

Harvard Business Review

supply chain is generally recognized as an integral part of the American economy. From Intel’s semiconductors to Microsoft’s enterprise software, the supply chain builds the goods and services that businesses need. supply chain economy, quantified the number and quality of jobs it contains, or assessed how much it matters for innovation. supply chain economy is large and distinct. The Importance of Supply Chain Services.

Is Your Supply Chain Flexible Enough to Meet Disaster?

Harvard Business Review

Countless companies have reconfigured their supply chains to reflect the latest strategy, only to discover that committing to these "best practices" exposed them to unexpected risks later. View webinar: A conversation with David Simichi-Levi on flexible operations.

Crafting Best-in-Class Business Intelligence

First Friday Book Synopsis

Here’s an excerpt from article written by Jamie Campbell, Kenny Kurtzman, and Adam Michaels for strategy+business magazine, published by Booz & Company. To read the complete article, check out the free resources, sign up for email updates, and obtain subscription information, please click here. * * * Start by choosing the metrics that matter most [.].

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.

Supply Chain, Not Sustainability, Should Manage Your Carbon Footprinting

Harvard Business Review

The Economist 's June 2 article " Following the footprints " explores the latest developments in carbon reporting and what companies are learning as they wade into the challenges of measurement. There are three reasons why CEOs should be tapping their Head of Supply Chain to unlock these benefits, not their Head of Sustainability. led the dairy industry in developing a carbon footprint for its entire supply chain.

The History and Future of Operations

Harvard Business Review

It’s time to rethink what we mean when talk about “operations.” ” Operations is not only about manufacturing. The field of operations has gone through some major evolutions over its history. The Future of Operations. needed operations too.

Hidden Suppliers Can Make or Break Your Operations

Harvard Business Review

With the size and complexity of supply chains soaring, a daunting challenge is confronting companies: identifying the critical nodes hidden within the vast expanse of their supply networks. The Future of Operations.

Morning Advantage: A Supply Chain Solution to an Age-Old Problem

Harvard Business Review

Here in the Guardian , two business professors offer a practical solution to all three problems using developing nations’ supply chains. The consumer-goods supply chain typically moves from large Western or indigenous manufacturers to distributors to wholesalers to family-owned shops and finally to micro-retailers selling from carts or by the roadside.

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.

Why Sourcing Local Food Is So Hard for Restaurants

Harvard Business Review

As globalization has created longer and increasingly complex food supply chains, there has been a concomitant surge in demand for locally-sourced food. But after the chain was linked to outbreaks of E. Operations in a Connected World.

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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

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.

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.

You Can’t Make Good Predictions Without Embracing Uncertainty

Harvard Business Review

A consistent, quantitative perspective on uncertainty not only builds the best foundation for making good management decisions but also provides a platform for developing a shared understanding of trade-offs, bridging disagreement and establishing accountability.

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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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. 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. They are taking control of their health care supply chains. These are good places to begin applying supply chain methodology. Human resource management Supply chain Digital Article

The Promise of Blockchain Is a World Without Middlemen

Harvard Business Review

Once a transaction is entered in the database and the accounts are updated, the records cannot be altered, because they’re linked to every transaction record that came before them (hence the term “chain”). A 1% transaction fee may not seem like much, but down a 15-step supply chain, it adds up. The decentralization that blockchain provides would change that, which could have huge possible impacts for economies in the developing world.

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

Operational Excellence, Meet Customer Intimacy

Harvard Business Review

Most organizations continuously strive to achieve operational excellence, but they spend less effort understanding customer needs — and few marry these two sources of customer value effectively. Consider Tesco , one of the world's largest retailers with over 500,000 employees, which has spent the last three decades improving its supply chain processes, and the last two decades collecting and analyzing customer data. Customers Operations

Overcoming the Barriers to Corporate Entrepreneurship

Strategy Driven

In this article I explore three barriers to entrepreneurial action: resistance from within the firm, resistance from within the supply chain, and resistance from the customer.

Leadership and Competition

N2Growth Blog

A leader’s view on competition will not only reveal a lot about their beliefs on current and future market trends, but also on innovation, branding, talent management, supply chain issues, constituency management, capital markets, and customer facing.

Figuring Out How IT, Analytics, and Operations Should Work Together

Harvard Business Review

A new set of relationships is being formed within companies around how people working in data, analytics, IT, and operations teams work together. For IT to operate in the data and analytics space often takes realigning roles and responsibilities. Analytics Operations IT Digital Articl

How General Mills and Kellogg Are Tackling Greenhouse Gas Emissions

Harvard Business Review

The companies’ goals as stated, are fairly straightforward: General Mills will cut absolute GHGs by 28% by 2025 “across the entire value chain.” Invest in the development of solid measurement and metrics. Sustainability Supply chain Digital Article

Solving the Twin Crises of Energy and Water Scarcity

Harvard Business Review

Few people realize the important role water plays in our daily energy use, or the energy required to heat, treat, and supply water. Most companies’ value chains are heavily dependent on water and energy resources. Sustainability Supply chain Article

Hard Questions on Our Transition to Driverless Cars

Harvard Business Review

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

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. By Mike Myatt , Chief Strategy Officer, N2growth.

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The First Step to Fixing U.S. Manufacturing

Harvard Business Review

Some companies that built lengthy global supply chains have wound up with greater complexity and costs than they anticipated—not to mention greater exposure to a whole host of risks, including currency fluctuations, geopolitical disruption, delays, quality issues, and reputational risk. Past work by McKinsey found that inefficiencies in manufacturer-supplier interactions add up to roughly 5% of development, tooling, and product costs in the auto industry.

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.

McDonald’s Already Knows How to Manage Its Franchisee Labor Practices

Harvard Business Review

The National Labor Relations Board ruling on Tuesday that McDonald’s could be held responsible for labor conditions in its franchisees’ operations has business groups and lawyers crying foul. But McDonald’s is already going through great lengths to ensure good working conditions in the other direction in its value chain. Disclosure: I have served as a judge for its Best of Sustainable Supply awards.). Corporate social responsibility Supply chain Sustainability

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

To Prevent Another Rana Plaza, Build Better Societies, Not Just Better Factories

Harvard Business Review

Yet companies apply the same supply chain labor policies in both countries. While the primary responsibility of global brands remains to uphold labor rights standards and compensate victims when those standards are violated (as was the case with Rana Plaza), to truly manage their risks, maintain social license to operate, and deliver quality products efficiently, business must address what is happening beyond the factory walls. Global business Risk management Supply chain

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.