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 policy

10 Things You Should Consider Before Writing any Supply Chain Policy

In most of the business it is often the same people, who are doing the same job. When purchasing materials, the same routines are used on each occasion, even if each and every one of these purchases may be unique, so why we need supply chain policy or procedure ? Similarly, the steps of booking materials in warehouse is same regardless of supplier and part number in most scenarios. Such repeated set of activities is called a process. A more formal definition is presented by Professor Bo Bergman1 : “a process is a network of activities that are repeated in […]

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 […]

Become Value Added Service Provider

Become Value Added Services Provider & Build Trust with Your Customers

The challenges of managing expectation and driving improvement for end customer can be challenging. For this reason, becoming Value Added Services Provider is becoming more and more important for manufacturers. In the coming years, I believes that industrial customers would seeking their suppliers’ assistance on an initiative-by-initiative basis to reduce complexity in supply chain, improve assembly configurations, provide out of the box environmental benefit, less packaging, reduce total cost of acquisition, improve quality and become thinking partner to drive total value addition in supply chain.  In this blog I examine the dynamics of industrial customer changing requirements by answering the […]

strategic sourcing and purchasing

STRATEGIC SOURCING VS. PURCHASING – 7 KEY DIFFERENCES

Procuring materials for the intention of production, sales and service fulfilment is indispensable for every single business. However, the approaches, strategies and implementations differ immensely. We use lot of terms like strategic sourcing, procurement and/or purchasing. In this blog we tried to explain the difference between Strategic Sourcing vs. Purchasing.   Strategic Sourcing refers to making Supply Chain Management decisions with the intent to create distinctive value and to achieve a competitive advantage. Sollish & Semanik, (2011) claim that it is an old function and has had its roots from the commencement of purchasing philosophy, whereby traditional buying dealt with […]

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 […]

Cost

3 Holiday Seasons of Supply Planning You Need to Beware & Think Ahead Of

In my 10 years of supply planning experience I have observed that despite being aware of usual holidays seasons we encounter throughout year, we still find ourselves short of supply during the crucial holiday period which damages customer service drastically, adds significant amount to premium freight, contributing to customer frustration, affecting the overall brand image and profit earning opportunity and most  importantly loss of sales in crucial months. Given the fact that we should be thinking of Supply Chain Planning at different levels and different time horizons, we should consider and must put conscious effort to planning for the 3 […]

Supply Chain Management Book

Which is The Best Supply Chain Management Book? Top 7 for Beginners

“Which is the best Supply Chain Management Book for beginners like me to learn operations and supply chain?” someone ask me on Quora. And I thought I could write a blog on this and can mention 7 of them, rather than 1!  Although Supply Chain Management can be encapsulated in a definition presented in my old blog here, however, these definitions explode into an immeasurably vast field not only for studying but also for working within. There are so many sub-fields and branches that it can be quite confusing to determine which area you wish to study or specialise in. […]

JIT System

JIT System and Supply Chain Management- 5 Salient Features

A JIT System (Just- in-time System) is an inventory management philosophy aimed at reducing waste and redundant inventory by delivering products, components, or materials just when an organization needs them. When I wrote a blog on JIT Purchasing there has been quite a lot comments and interest from the supply chain community on how it fits in overall inventory management system, therefore, I thought to expand on this topic.   It is well known fact that Kanban and JIT System were developed by the Toyota Motor Company during the 1950s and 1960s. The philosophy of Kanban and JIT System is […]

supply chain strategy 4 pillars

Supply Chain Strategy – 4 Key Pillars [Infographic]

To build Supply Chain Strategy first it is important to revisit what is strategy in general. Max McKeown (2011) argues that “strategy is about shaping the future” and is the human attempt to get to “desirable ends with available means”, so regardless of the size of your business (SME or Large Corporation) or nature of your business most business leaders and managers are involved in developing Supply Chain Strategy or contribute towards the execution of strategy. In the recent environment where supply chain is used as drive to give “competitive advantage”, I believe that a supply chain should be closely aligned […]