How to Create a Supply Chain Strategic Plan

How to Create a Supply Chain Strategic Plan that Will Work for (Nearly) Any Business

2017 is about to start with new set of goals and challenges; it can be hard to know where you should first focus your efforts and what your supply chain strategic plan for coming year should be. After all, by now you’ve probably read so much about supply chain strategic plans that you’re left feeling overwhelmed and not sure of what needs to be done. When you feel like this, it’s important to take a step back and create your plan. In this post, we’re going to take a look at how you can create a supply chain strategic plan […]

Supply Chain Blogs

20 Best Supply Chain Blogs and Websites You Should Follow

The supply chain industry must constantly evolve alongside the audiences it attempts to reach. I’ve often said that the one main secret to my success is my possession of an unquenchable thirst for knowledge and curiosity. Without that, it’s hard to stay relevant in a space that changes so rapidly. That being said, where can supply chain professionals go to learn from influencers within the industry? Are there many supply chain blogs or websites? Not many would think of blogging about supply chain as a necessary activity for those in the business, but it is one of the most economical […]

Logistics Management Books

7 Best Logistics Management Books You Should Read

There are so many different facets and books for Supply Chain Management; it can be overwhelming when it comes to actually choosing which reference book(s) to purchase. To help readers I have recommended these 7 Supply Chain Management books for beginners. Some readers have asked me can I recommend Logistics Management books which leads me to write this blog. Best Logistics Management Books In this blog I will give you my pick of the 7 Best Logistics Management books out there that I believe not only help with the theoretical, ideal scenarios but will equip you to tackle and adapt […]

5 Quick and Remarkable Tips to Improve Forecasting Accuracy

Many businesses do some kind of forecast, due to its importance to benefits it provides. However, most business also complains about accuracy of their forecasting process and want to how they can improve forecasting accuracy?   Supply Chain Management is a broad umbrella of complex functions which are aligned to meet one common goal – customer satisfaction. A customer may walk into your store or browse your website to purchase their products. What happens if your store understocks the item and it is not available? The customer may wait for backorders, but due to various reasons, they may instead search […]

supply chain stakeholders

5 Reason why Your Finance Manager is Amongst Your Key Supply Chain Stakeholders

As most of us know, finance is an important function to any organisation as the company has to know how viable its balance sheet and profit and loss (P&L) statement is. The head of this function generally titled as Finance Manager is amongst the key supply chain stakeholders in my opinion. Generally finance managers are responsible for business activities like budgeting and sales forecasting, accounting, reporting, bookkeeping, audits, payables and receivables, pay employees wages and salaries, prepare and plan internal financial information and prepare for never ending audits!   However, nowadays they are require doing more to involve in innovation […]

APICS vs ISM

APICS vs ISM – What Should You Choose?

With the ever-growing talent and competition in today’s fast-paced environment, everybody is looking for ways and opportunities to outperform their peers. If you want to enhance your skillset to further your knowledge and stay updated with the current concepts and technologies in the supply chain industry, you can consider getting a professional certification in APICS or ISM or CIPS. To make things easy to understand and choose the certification that suits you best, here are the differences between APICS vs ISM. This will serve as a guide in helping you get an overview and the types of certifications offered by […]

Supply Chain Trends

7 Powerful Supply Chain Trends You Should Not Ignore

Old industries are dying and new ones are rising. We have seen Amazon destroy the book stores, Uber transform the transport industry and Netflix make a video store a fond memory. Today’s technological disruption is fast and ruthless and it is transforming most of the industries. But I think we are behind supply chain if you compare the disruption happening in other functions like marketing and finance and it is time to focus on key supply chain trends. Then you are maybe not up with the latest fad. But fads are one thing and trends are another. Fads come and […]

Supply Chain Modelling

Supply Chain Modelling – Approaches and Characteristics to Consider

Supply Chain modelling is used in industry since last three or four decades. Considering the broad spectrum of supply chain, no model can capture all aspects of supply chain processes. To compromise the dilemma between model complexity and reality, a model builder should define the scope of the supply chain model in such a way that it is reflective of key real-world dimensions, yet too complicated to solve. In this blog I’ve briefly explained supply chain modelling approaches and characteristics (variables) which might be of interest to supply chain analysts. Supply Chain Modelling- Approaches   To incorporate the 4 major […]

supply chain department

9 Things You Should Show in Your Supply Chain Department Board

Gone are the days when the supply chain department board was only about metrics, analytics and spreadsheets. Recent developments have made supply chain a core discipline in itself, which: Provide considerable leverage to positively impact the financial performance of the company Will allow more efficient utilization of working capital Will improve our abilities to support customer requirements I think the best supply chain metrics look at the total cost of supply chain, including end to end spend, salaries of the team, and overhead, and relate that cost to the results you care about – revenue generate and customer satisfaction. Other […]

ABC analysis of inventory

6 Basic Benefits to Adapting ABC Analysis of Inventory

Inventory management is a critical task of tracking the flow of goods in and out of the inventory. As an inventory planner/manager you want to ensure that your warehouse is carrying enough stock to fulfill customer requirements but also not crowding the warehouse by overstocking it. Every product has various costs associated to it like holding costs, carrying costs and the aim of the inventory planner is to reduce these costs by not running low on stock. To help planners minimize these costs while optimizing their inventory, here is the ABC Analysis of Inventory technique and tool. What is ABC […]