In any Supply Chain Strategy it is important that Supply Chain Leaders should clearly define Supply Chain Mission, i.e. what they want their organisation and teams to delivery. In other words what is the value proposition of their Supply Chain strategy? Here is one good example! To provide a globally integrated Supply Chain solution that leverages standard business processes and tools, optimizes organizational capability, minimizes waste, improves predictability, and delivers comprehensive value to the customer
There are a number of current trends and approaches that managers and practitioner of a supply chain may consider to achieve a competitive edge and Single Sourcing is one of them! There are always for and against arguments to have single source vs multiple source suppliers for a commodity. The current trend is towards adopting single sourcing which leads to mutual dependence. Single sourcing has changed the character of the traditional supplier manufacturer relationship. Manufacturers are aware that they will be depending more and more on one single supplier. Any failure in maintaining the relationship will create a negative impact on […]
Excess & Obsolete Inventory is the term that refers to inventory that is at the end of its product life cycle and has not seen any sales or usage for a set period of time usually determined by the industry. This type of inventory has to be written down and can cause large losses for a company (Source Investopedia)
I have seen lot of Continuous Improvement (CI) Projects or Kaizen events started with lot of enthusiasm but more than often done badly, and then the whole enthusiasm fads away… Why does this happen? It happens mainly because project scope or problem statement is not defined clearly, or in other words it is unclear that “how success is look like”. Since the sponsor wants it to look good. So they try to fudge the outcome or results in strange places with often obscure methods. It might look good for short while but it doesn’t effectively work. Fail in long term! If […]
Annual Supplier Conference is the only event that exclusively brings together senior directors from key suppliers, consultancies, contractors and subcontractors, equipment manufacturers and service providers of all sizes.
This blog review of Enterprise Resource Planning or ERP Implementation procedures and critical success factors. Now the ERP use is generally common in big corporations and even SME’s are using various available ERP packages. But not every company gets the return from using the ERP system. I have been part of 3 different ERP systems and in my experience companies are failing to set up the ERP system because they cannot reach the predetermined goal. The ERP is not only a technology that support the management but also a way of the management. ERP provides many benefits but in nutshell […]