Breaking Bad lessons

6 Supply Chain Breaking Bad Lessons for Entrepreneurs

Disclaimer: If you have not watched “Breaking Bad”, then this blog may not make a lot of sense to you so maybe you can do something more useful with your 10 minutes.   Under no circumstances do I advocate the “product”, illegal activities or violence portrayed in Breaking Bad, I am just drawing parallels with the business acumen.   You have developed the product like Walter White, which is wanted in its premium form, and now you need a supply chain network to distribute this awesome product to end customers.   Breaking Bad is widely regarded as one of the greatest […]

Excel Tips & Tricks

24 Excel Tips & Tricks to Becoming a Supply Chain Nomad

Knowing useful Excel Tips & Tricks are important for supply chain professionals at all levels. I have come across some candidate who has fantastic CV, but when asked to use simple Excel formulas like vlookup or pivot table, they struggle. I remember once candidate left halfway through the interview process as he struggles to apply the Excel formulas required to get the desired outcome. The Supply Chain Management environment requires plenty of artistic vision, brainstorming, and inventiveness along with usual technical competencies. However, if you are a professional in supply chain management, then you should know that Excel Tips & […]

customer lead time

6 Reasons Why It Is Important to Understand Expected Customer Lead Time

Customer Lead Time is unquestionably a buzz word in today’s fast paced business environment, and everyone involved needs an in-depth understanding as to why it is important. Customer Lead Time can be defined as the time it takes from the instant an order is made by a customer, till the moment it reaches the hand of the customer. The term ‘Expected Customer Lead time’ is commonly used in many fields like Manufacturing, Material Requirement Planning & Enterprise Requirement Planning (MRP & ERP), Project Management, Supply chain Management, Supplier Management, and so on. Ideally, every business has a Customer Lead Time. […]

Components of Material Management

11 Vital Components of Material Management Technical Competencies to Master

When I started my blogging I wrote a blog on 8 Technical Supply Chain Competencies in Nov 2015. It was pretty basic and was more based on experience than research work. However, I did receive some good feedback on this article. On the back of that I have had opportunity to sponsor a Master’s research work to explore Components of Material Management Technical Competencies at Lancaster University. Nurul Amira, who is also the co-author of this article, has identified 11 Components of Material Management Technical Competencies for supply chain professionals as part of her research work. The purpose of this […]

Inventory Reduction Strategies

18 Targeted Inventory Reduction Strategies for Supply Chain Professionals

Inventory comprises an important part of current assets, particularly in manufacturing industry. A lot of cash flow is committed to inventories so as to ensure a smooth flow of production to meet a demanding customer service level. However, maintaining inventory also involves holding or carrying costs along with opportunity cost. Therefore, identifying inventory reduction strategies becomes critical for supply chain and operations professionals.   Inventory management therefore plays a crucial role in balancing the benefits and disadvantages associated with holding inventory. Efficient and effective inventory reduction strategies go a long way in the successful running and survival of a business firm. As Apple CEO Tim Cook says:   Here is […]

Supply Chain and Procurement

The 25 Best Supply Chain and Procurement Twitter Accounts to Follow

The 25 Best Supply Chain and Procurement Twitter Accounts to Follow have been selected from many Supply Chain blogs. Well, it is all thanks to Twitter as it provide us instant access to the inside workings of some of the best Supply Chain and Procurement blogs in the business, and you’d be a fool for not tapping into it. Supply Chain and Procurement is an ever-evolving field that can, from time to time, leave us feeling overwhelmed. So, if you need all the up-to-date and most dependable insights and updates, you need to follow the best blogs. And while there […]

supply chain best practices

19 Tested Areas to Seek Supply Chain Best Practices

Companies striving to achieve and sustain competitive advantage generally try to seek and implement supply chain best practices. It could be reasoned that these supply chain best practices significantly improve product quality, customer service level, increase market share and return on assets, and as a result, companies’ overall performance has been improved. The role of leadership, particularly transformational leadership, on implementing these supply chain best practices is difficult to explain and judge. However, what is visible that any efforts people make to implement supply chain best practices in pursuit of achieving competitive advantage will not go wasted. There are many saying like “it’s better to aim high and miss the […]

Vendor Managed Inventory (VMI)

Vendor Managed Inventory : A Step-by-Step Guide, Benefits and Risks

Given the disruptive nature of the supply chain dynamics, an important aspect of supply chain planning and control is the attempt by supply chain managers to improve supply chain performance. One way of avoiding this is to allow an upstream supplier to manage the inventories of its downstream customer. This is commonly known as vendor managed inventory (VMI). Vendor managed inventory (VMI) is a supply chain initiative where the supplier is authorized to manage inventories of agreed-upon stock-keeping units at customer locations. The benefits of Vendor managed inventory (VMI) are well recognised by successful retail businesses such as Wal-Mart. In […]

inventory management and control

How to Develop Traffic Light Inventory Management and Control Report in Excel to Reduce Stock Outs

Please raise your hand if you’ve ever panicked when your boss asked the question how many items are Out of Stock from Made to Stock list? Or How many items we are carrying too much excess stock? And it is not unusual that your boss wants this information in next 5 minutes! This is where inventory management and control report comes into play. Just to clear one point from start, I am not talking about inventory management and control reporting system from warehouse physical inventory control perspective but I am talking about inventory management and control report from a  planning/management […]

supply chain risk

10 Supply Chain Risks You Need to be Mindful of to Avoid Disruption

As supply chains have lengthened and more complex, supply chain professionals are increasingly responsible for anticipating and eliminating a greater number of supply chain risk. The stakes are high: in the past five years, nearly three-fourths of companies experienced significant disruptions. Which makes topic of ‘supply chain risk’ very important in current context. 1.    Supplier Risk There are several supply chain risks involved with working with other companies especially in the supply chain where there is high dependency on the other firms. These supply chain risks can vary from a supplier going bankrupt to not delivering the right quantity of […]