You Can’t Understand China’s Slowdown Without Understanding Supply Chains

Harvard Business Review

My evidence is a series of separate surveys conducted by different organizations, including the MIT Forum for Supply Chain Innovation. Global companies have realized in the last few years that strategies such as outsourcing and off-shoring have significantly increased risk because their supply chain is geographically more diverse and, as a result, exposed to all sorts of potential problems. Operations Operations management Supply chain Economy Article

How to Meet Customer Expectations when Demand is High

Strategy Driven

To avoid this, outsource most of the operations you’re not competent at or take a lot of your time. Also, think of outsourcing your human resource, accounting, and manufacturing department. Focus on the Quality of Your Supply Chain.

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How to Prepare Your Supply Chain for the Unthinkable

Harvard Business Review

Companies are always shocked when low-probability events such as an earthquake or a tsunami disrupt their supply chains — as has happened after the tragic events in Japan two weeks ago — because of two fallacies. The other is the persistent feeling that supply chains represent a cost. Most companies focus on minimizing costs rather than maximizing flexibility, which would entail making large investments in supply chains. Locking up supplies.

How Can Businesses Navigate Asia's Increasingly Complex Supply Chain Systems?

Harvard Business Review

The growth of the Asia region has resulted in major shifts in customer demand, and executives want to know how they should restructure their production and distribution networks, how much logistics outsourcing is necessary, and what new innovations are required to further develop logistics capabilities so that they can navigate the region's increasingly complex supply chain systems, and succeed in Asia.

A Better Way for Employers to Procure Health Care

Harvard Business

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. First, they often outsource design and management of health care services to brokers, consultants, and health plans that have little means or incentive to improve quality or affordability. They are taking control of their health care supply chains.

Why Sourcing Local Food Is So Hard for Restaurants

Harvard Business

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. It turns out that a shorter supply chain doesn’t necessarily mean a less complicated one; in fact, working with smaller local producers can bring its own set of challenges, particularly when it comes to food safety testing and preparation.

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You Can’t Make Good Predictions Without Embracing Uncertainty

Harvard Business

It had long outsourced most of its manufacturing to a limited number of Asian countries, with many factories in each. But with sales volume expected to double in 10 years, it was considering whether to outsource to additional countries to spread its risks more evenly. Supply could be disrupted by natural disasters, political unrest, labor strife, or lack of infrastructure investment. Managing uncertainty Decision making Supply chain Strategic planning Digital Article

How The Pandemic Changed Everything For Entrepreneurs

Strategy Driven

Worldwide Supply Chain. It was a dire issue for supply chain executives when they could not communicate with vendors in the virus-affected zones. Most of these executives had their supply chains linked to the Chinese industry.

Benefits of Hiring a Small Business Consultant

HR Digest

They evaluate your business strategy, operation management, supply chain logistics, level of risk exposure and the likes. Featured Outsourcing Trends business consultant financial consultants hiring a small business consultantMajority of small business owners believe in individual effort for all the imaginable success. They are willing to multi-task just to get the work done. For these offices, seeking the help of a small business consultant makes no sense.

Five Steps to Adopting a Beginner’s Mindset for Your Business

Strategy Driven

But what if you could add a fresh perspective without having to outsource? At Freeman, we streamline our supply chain by taking a beginner’s mindset and breaking down the process. Businesses often hire consultants to take a “fresh look” at things.

COO 109

80% of Companies Don’t Know If Their Products Contain Conflict Minerals

Harvard Business

But since outsourcing has become an increasingly common approach to cutting costs, many producers now rely heavily on globally dispersed supply chains. Eligible companies had more than three years to investigate their supply chains; the first disclosure reports were due in May 2014. We also interviewed a dozen supply chain executives, lawyers, and activists, who told us that their supply chains were simply too complex to track every input.

In Defense of Responsible Offshoring and Outsourcing

Harvard Business Review

employees can be 25 percent or greater of total workforce; its supply chain of third parties is vital. In the State of the Union , President Obama declaimed: "No, we will not go back to an economy weakened by outsourcing." Offshoring and outsourcing today are like sex in the Victorian era: repressed or criticized in public discussion, much practiced in private behavior. Let's get real — and back to basics.

Online Marketplace: New challenges to overcome

Strategy Driven

Marketplace website builder: You can develop your marketplace platform from scratch by outsourcing your project or hiring in-house developers. Supply-chain and Demand. The sole purpose of a marketplace platform is to fill the gap between supply and demand.

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.” But managers should think twice before making this leap: Instead of accepting the conventional wisdom, they should seriously consider following those companies that are taking a different path and moving down the value chain. Ethical supply chains.

The Ultimate Guide on How to Boost Production Line Efficiency

Strategy Driven

SOPs boost production efficiency because they focus on happy customers, strong supply chains, and safe employees. For instance, you may find it cheaper to outsource your PCB Assembly tasks. SOPs or standard operating procedures may vary from one company to another.

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

Harvard Business Review

For too long, employers have outsourced management of their employees’ health care benefits to those with little incentive to improve value. The corporations in the HTA are seeking to improve the supply chain for the 4 million people covered by their plans. Human resource management Operations management Supply chain Article

5 Golden Rules for Managing Business Logistics

Strategy Driven

Before you make any sweeping changes to your business, it’s vital that you plan out all of your actions to ensure that you’re not missing anything and that you’ve included everything that is a part of your logistics chain. Analytics will help you get an objective look at your logistics chain.

Unusual Ways to Save Money In Your Business

Strategy Driven

You should have a just-in-time supply chain system, and a system that allows you to get the right people in the right jobs. You should have a look at the cost of running your fleet, and compare it with outsourcing the process. If you are in a competitive marketplace and you rely on natural resources or raw materials, chances are that you will need to look for innovative ways to reduce your costs and maintain your profitability.

Online Marketplace: New challenges to overcome

Strategy Driven

Marketplace website builder: You can develop your marketplace platform from scratch by outsourcing your project or hiring in-house developers. Supply-chain and Demand. The sole purpose of a marketplace platform is to fill the gap between supply and demand.

The Customer Really Is Always Right

Strategy Driven

Outsourcing this sort of service also means that you are more free to deal with more pressing area of your business vision. If this will take up too much of your time or you are not au fait with social media, consider outsourcing this to a professional. You could have all of the funding that you need, a perfect supply chain and incredible cash flow, but if you don’t have the customer backing and reviews, your company will not survive.

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

Strategy Driven

You could also study health management, operations management, global leadership, or supply chain & enterprise resource planning. It is only natural to worry about failure when starting a business.

5 Ways To Improve Your Delivery Service

Strategy Driven

When that happens, you’ll want to consider outsourcing your delivery system. The final part of your supply chain solutions should be a reliable delivery provider. Delivery is a core aspect of business. Whether you’re operating out of your bedroom or you’re a corporate giant, the delivery service matters. It all comes down to the final product you deliver to your customer. The delivery aspect is tricky when you’re a small business.

How To Regain Or Maximize A Market Position

Strategy Driven

Local SEO has become the highest priority of all, as supply chains and logistics have been massively disrupted and in some cases, halted altogether. Writing engaging content doesn’t come naturally to some, and thus business leaders should seriously consider outsourcing in this regard.

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

Strategy Driven

You could also study health management, operations management, global leadership, or supply chain & enterprise resource planning. For example, unless you have experience in bookkeeping or accounting, you could outsource a professional accountant or bookkeeper, who could save you more money than they could cost you. It is only natural to worry about failure when starting a business.

The Grocery Industry Confronts a New Problem: Only 10% of Americans Love Cooking

Harvard Business

This research found that consumers fell into one of three groups: (1) people who love to cook, and cook often, (2) people who hate to cook, and avoid that activity by heating up convenience food or outsourcing their meals (by ordering out or dining in restaurants), and, finally, (3) people who like to cook sometimes, and do a mix of cooking and outsourcing, depending on the situation.

The Questions Executives Should Ask About 3D Printing

Harvard Business

It could upend supply chains, business models, customer relationships, and even entrepreneurship itself. It may do to physical goods what cloud computing is now doing to digital services; what the PC, internet, and smart mobility have done to personal computing; and what outsourcing did to software development and business processing — take mass distribution and innovation to the next level while realigning the very geography of work and trade.

The Downside of Best Practices | N2Growth Blog

N2Growth Blog

Moreover if they decide to develop the application should this be done internally with existing staff, or outsourced, and if outsourced will it be done domestically or offshore and who will manage the process. As one example; if you are a manufacturing organization, innovation in your core could include new and improved materials, new techniques, novel approaches to supply chain management etc.

Blog 242

Instead of Optimizing Processes, Reimagine Them as Platforms

Harvard Business

One applications outsourcing team, for example, proposed a clever UX tweak to help optimize a global fulfillment process their company managed for its biggest client. Their RFP-responsive outsourcing expertise had perversely obscured essential insights into what creative fulfillment should mean for both customers and client. That is, the applications outsourcing team revisited, rethought, and road-mapped how to best turn a valued internal process into a viable business platform.

8 Ways Machine Learning Is Improving Companies’ Work Processes

Harvard Business

This lets organizations reduce the amount of work outsourced to service centers and frees up finance staff to focus on strategic tasks. Smoother supply chains. Machine learning enables contextual analysis of logistics data to predict and mitigate supply chain risks.

Thinking Through How Automation Will Affect Your Workforce

Harvard Business

RPA automates high volume, low complexity, routine administrative “white collar” tasks — the logical successor to outsourcing many administrative processes, further reducing costs and increasing accuracy. Today’s supply chains track the components of products at both an atomized and aggregate level. Today, executives have to cut through a lot of hype around automation.

How to Get People to Accept a Tough Decision

Harvard Business

For example, perhaps your plants have been running at near capacity for a while and there have been occasional hiccups in your supply chain. Can you outsource a few critical orders to another manufacturer? Colormos/Getty Images. Imagine this: You’re a general manager for a manufacturing company and orders are up. You know you should be celebrating, but instead, you feel gut punched.

4 Models for Using AI to Make Decisions

Harvard Business

His group’s data science, procurement, and supply chain teams crafted algorithmic ensembles that, by all measures and simulations, would save hundreds of millions. The Autonomous Outsourcer. Business process outsourcing becomes business process algorithmization. The same sensibilities and economic opportunities that make outsourcing appealing become managerial principles for computational autonomy.

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The “Business in Society” Imperative for CEOs

Harvard Business

On the one hand, protectionism, populism, and wide-spread distrust of business’s role in politics is threatening international corporations (think Carrier, Boeing, and tariffs/taxes for off-shoring and outsourcing). In a globalized economy, these challenges arise from pervasive, at times catastrophic, issues in international business: cronyism, antitrust, and labor issues, as well as trade, the environment, taxes, and supply chains.

A CEO’s Guide to Navigating Brexit

Harvard Business

Both internal and external factors drive uncertainty about the duration and outcome of the reconstruction challenge — for example, the UK’s ability to negotiate agreements, having outsourced this task to Brussels for 40 years, or trade partners’ willingness to engage with Britain in a constructively and timely manner. Design contingency plans and reflect any insights in your strategies for growth, geographical footprint, global supply chain, and risk management.

It’s Never Been More Important for Big Companies to Listen to Local Communities

Harvard Business

It’s important to recognize that relationships are critical for social risk management and that relationship-building is not a task that can be outsourced. All of these approaches must extend across the firm and be practiced by contractors down the supply chain. Alice Potter/Getty Images.

The Big Picture of Business – Planning and Budgeting in Downsized Times

Strategy Driven

Under the rules of supply chain dynamics, one must study your supplier relationships, formalize a plan of outsourcing and develop collaborations. Getting the funds that you need from tight fisted management is an ongoing process. Cash outlays are justifiable either by dollars they bring in or dollars they stand to save for the organization. Cash outlays are always risks. Justify your risks in proportion to riskier ones they have previously funded.

What's Next When Offshoring Isn't so Cheap?

Harvard Business Review

But suddenly, the case for outsourcing isn't so clear. dollar, rising fuel costs and the risks inherent in longer supply chains have many companies rethinking their sourcing strategies. Forward-looking companies see outsourcing and offshoring as tools to achieve strategic objectives such as scale, flexibility, and access to talent, resources and new markets — not just lower costs. Outsourcing must be part of a larger global strategy.

Three Questions You Should Ask About Your Cyber-Security

Harvard Business Review

How do we make sure partners protect our data while continuing to optimize our supply chain? Almost all companies have to share sensitive data with vendors and channel partners to operate modern supply chains smoothly. Companies are adopting a variety of techniques to make sharing more secure and effective: Segmenting information so they don't have to make an all-or-nothing decision about whether to outsource a particular function.

Keeping Work Organized when Your Team Is Fragmented

Harvard Business Review

Almost anything can be outsourced to specialists and reconnected. While companies have outsourced low-value work such as payroll processing and call centers for decades, today they farm out critical activities. Consider how the largest consumer packaged goods firms are outsourcing an activity that has become vital to the top and bottom line: making sense of huge volumes of customer data. Many retailers' supply chains stretch overseas and involve many steps and players.

Recommended Resources – An Interview with Paul Leinwand and Cesare Mainardi, authors of The Essential Advantage

Strategy Driven

These choices historically conferred advantage – first-mover, scale – but asset-based scale advantages have diminished in recent years, thanks to technology, cheap information, and outsourcing. The Essential Advantage : How to Win with a Capabilities-Driven Strategy. by Paul Leinwand and Cesare Mainardi. The conventional wisdom about strategy may be leading your company astray.

Understanding the Rise of Manufacturing in India

Harvard Business Review

While Narendra Modi’s “Make In India ” initiative to promote manufacturing in India was mocked by some , North American executives are increasingly looking to expand their manufacturing supply chains beyond China. Among the nine factories it has in the country, its new factory in the city of Pune serves as a global supply source for a number of its diverse businesses, from aviation and turbo machinery to wind turbines and diesel locomotives.

The Toyota-Nissan Recalls: Noblesse Oblige

Harvard Business Review

Despite the extensive outsourcing that took place in cars, from the 1980''s onwards, automobile manufacturers have been able to retain value. As a result the "master and servant" relations between those who outsource and those who produce have not reversed in the car industry, unlike in the computer industry. The recent massive recall of Toyota and Nissan is a stark reminder of the costs of strategic dominance.

Develop Your Company’s Cross-Functional Capabilities

Harvard Business Review

You’ll often find customer relationship management within marketing, budgeting within finance, supply-chain management within operations, outsourcing within procurement, training within HR, and new product development within R&D. Examples include the IKEA sustainability team and Natura’s supply-chain management council, whose purview includes sourcing, manufacturing, logistics, and aspects of the relationship with sales consultants.