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.

4 Gifts Blockchain will Bring the Supply Chain in the New Year

Let's Grow Leaders

And… Supply Chain Management blockchain supply chain managementAt this time of the year, trends, forecasts and innovations that are driving the technology industry forward are often summarized, and an outlook for the New Year is given.

Choosing a Supply Chain Strategy

Leading Strategies

[link] The best supply chain strategy is one that meets the needs of your market, its customers and your business model.… … Supply Chain

Demand-Driven Supply Chain Strategy

Leading Strategies

A free webinar offered by the Georgia Tech Supply Chain & Logistics Institute (GTSCL). The webinar discussed designing a supply chain strategy and how this s …… Supply Chain

Rethinking Supply Chain Strategy in Complex Markets

Leading Strategies

In today’s complex world supply chain strategy (SCS) has to keep pace with ever-changing markets. … Supply Chain This is no easy task. What elements should be considered?…

When You’re Tied Up In Supply Chains, You Need A Strategy

Strategy Driven

According to estimates by supply chain management organizations, the global supply chain market is worth more than $10 trillion a year. Here’s how to execute a great supply chain strategy without getting tied up in knots.

Lessons in Cambodian Silk Supply Chains

Mills Scofield

She''s just your ''average'' 20- something creating an international supply chain in the fashion industry, and succeeding. That lack of options means little competition which is tempting but also gave me pause – was it possible to build the kind of supply chain I was imagining?

Complimentary Resource – How to Leverage SRM For Supply Chain Resiliency

Strategy Driven

How to Leverage SRM For Supply Chain Resiliency. by TAKE Supply Chain. Click here for more information on How to Leverage SRM For Supply Chain Resiliency. You just finished reading Complimentary Resource - How to Leverage SRM For Supply Chain Resiliency !

Conscientious consumers or creatures of habit? A focus on our supply chains

Strategy Driven

Do we, as general consumers, really focus on, or give any thought at all, to the whole supply chain that eventually led to that product making it to our shopping trollies? But it goes to show you how important our supply chain actually is. A focus on our supply chains !

Leading Supply Chain Strategies — From Cost Centre to Competitive Advantage

Leading Strategies

This presentation will demonstrate how leading supply chains can deliver a sustainable competitive advantage, with a focus on creating free cash flow, reduci…… Supply Chain

Five core supply chain management attributes of successful companies

Leading Strategies

Learn more at PwC.com – [link] What makes high-performing companies different when it comes to their supply chain? As PwC’s Joseph Roussel, …… Supply Chain

Lessons in Cambodian Silk Supply Chains

Lead Change Blog

She’s just your ‘average’ 20-something creating an international supply chain in the fashion industry, and succeeding. Posted in Community Involvement Light Your World [link] Marcelia Muehlke, one of the great young entrepreneurs I get to hang out with.

Executive Briefing Cost Reduction Opportunity: Inventory Optimization

Strategy Driven

For Work Management and Supply Chain leaders, areas of potential savings lie with: optimizing inventory levels while reducing associated carrying costs, minimizing or eliminating expediting costs, and.

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Book Review: Guide to Supply Chain Management

Chartered Management Institute

Supply Chain Management spans all movement and storage of materials, work-in-process inventory, and finished goods from point of origin to point of consumption.' Supply chain management;EconomistReviewed by David Stephens FCMI. You are not watching this post, click to start watching.

Using the Power of Supply Chains to End Sexual Harassment

Harvard Business Review

Among the recommendations we offer, one in particular is salient to businesses: supply-chain reform. So how can firms like yours get ahead of the curve and encourage reform across their own supply chain before they face activist pressure? Image Source/Getty Images.

The Death of Supply Chain Management

Harvard Business Review

The supply chain is the heart of a company’s operations. To make the best decisions, managers need access to real-time data about their supply chain, but the limitations of legacy technologies can thwart the goal of end-to-end transparency. New digital technologies that have the potential to take over supply chain management entirely are disrupting traditional ways of working. Technology Competitive strategy Supply chain Digital Article

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? Now is the time to identify exceptional talent by looking outside of the supply chain.

Leading Without Direct Reports

In the CEO Afterlife

In the years to follow, Walter enrolled in supply management courses at some of the best universities. Leadership does not begin the when you step upon the first rung of the management ladder. One direct report does not make you a leader; nor does ten.

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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. Traditionally, supply chain management has been about sourcing, making, and delivering.

How to Optimize Your Maintenance Spare Parts Inventory

Strategy Driven

For Work Management and Supply Chain leaders, areas of potential savings lie with: optimizing inventory levels while reducing associated carrying costs, minimizing or eliminating expediting costs, and.

Using Supply Chains to Grow Your Business

Harvard Business Review

Challenged by other entrepreneurs in Scale Up Milwaukee’s Scalerator program to come up with a plan for rapidly ramping up his business, Cronce wondered: “What if I redefined Raphael as a strategic link in the global medical imaging supply chain, rather than as a paint shop?”

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.

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. With all of the changes and uncertainty, companies in a wide range of industries – from autos and chemicals to electronics and appliances – are moving quickly to rethink supply chains and make them more resilient. Most U.S.

Is Your Supply Chain Ready for the Congestion Crisis?

Harvard Business Review

Either accept it (and its higher costs and lower profits) or take control of your fate with strategic, game-changing actions that cut time and costs from the supply chain. The impact on supply chains. The longer your supply chain is, the greater the risk of variability.

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 This reduces the supply of dollars, makes them more difficult to get, and pushes up their relative value. They include improving cost management or operational effectiveness in procurement, supply chain, and inventory management. Companies can monitor a wide range of signposts and map them to possible strategic moves with their supply chains.

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. For example, as inventory levels change in the supply chain, the risk exposure changes.

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.

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.

Case Study: When Tragedy Strikes Your Supply Chain

Harvard Business Review

The company would have to find a way to support the victims and their families and to tighten up oversight of its supply chain. Supply chain Crisis management Social responsibility Emerging markets Article

The Japan Earthquake Rattles Supply Chains, Too

Harvard Business Review

Beyond the devastating and saddening human costs, the earthquake in Japan is another reminder of the complexity of the world's supply chains and the great interdependencies in global production systems. The world's supply chains are complex and highly optimized to deliver products efficiently at the lowest cost. Shocks like this ripple through the chain, and test the robustness of their design. Global business Supply chain

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

Global Supply Chains Are About to Get Better, Thanks to Blockchain

Harvard Business Review

When an E.coli outbreak at Chipotle Mexican Grill outlets left 55 customers ill , in 2015, the news stories, shutdowns, and investigations shattered the restaurant chain’s reputation. At the heart of the Denver-based company’s crisis was the ever-present problem faced by companies that depend on multiple suppliers to deliver parts and ingredients: a lack of transparency and accountability across complex supply chains.

Preparing for New Supply Chain in Health Care

Harvard Business Review

Professor Mahender Singh, research director of the MIT Supply Chain 2020 project, says our current health care system is not designed for the profoundly altered demand patterns that are expected and supply chains will have to be reinvented.

The McKinsey Quarterly: Most popular articles (First Quarter, 2011)

First Friday Book Synopsis

Bob's blog entries Andy Smith Building the supply chain of the future Dan Ariely on irrationality in the workplace Dan Singer Have you tested your strategy lately? In case you missed them, these articles have been most popular with the McKinsey Quarterly‘s readers in the first quarter of this year. STRATEGY Have you tested your strategy lately? Ten timeless tests can help you kick the tires on your strategy, and kick up the level of strategic dialogue throughout your company.

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 [.].

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.

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.

Why Quants Should Manage Your Supply Chain Risk

Harvard Business Review

And, when political turmoil in Egypt, Libya and elsewhere in the Mideast erupted, many businesses could only watch and wait to learn what it would mean for their supply chains. This is especially true in supply chain risk management, although those high-profile one-off events do not necessarily represent the largest portion of risks that should be addressed regularly by supply chain managers.

Supply Chain, Not Sustainability, Should Manage Your Carbon Footprinting

Harvard Business Review

There are three reasons why CEOs should be tapping their Head of Supply Chain to unlock these benefits, not their Head of Sustainability. While getting accurate, timely carbon data from your own operations can be tough, gathering data from outside your four walls is a far greater challenge given the complexity and scale of most supply chains, and there's no well-defined way today to navigate it.

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.

Three Tips for Implementing Change Across Functions

Change Starts Here

For example, consider a project designed to improve inventory accuracy, which is driven by the supply chain function, but requires adoption by people in operations who will use the system. Change implementation often crosses functional lines in organizations.

Change in the Supply Chain: High Tech's New Growth in Emerging Markets

Harvard Business Review

High tech companies operate in a complex supply chain environment where rapid product life cycles and narrow margins put constant pressure on market share and financial performance. In this HBR webinar, Dr. Yossi Sheffi , director of the Center for Transportation and Logistics at MIT, discusses the high tech supply chain, the impact of globalization and particularly of emerging markets, and the growth of logistics clusters to deliver value and drive new revenues.