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 […]

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 […]

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 […]

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 […]

Logistics Competencies

6 Must Have Logistics Competencies for Supply Chain Professionals

Logistics activity is literally thousands of year’s old, dating back to the earliest form so organized trade. As an area of study however, it first began to gain attention in the year 1900s in the distribution farm products1.  Considering logistics is a broad, far-reaching function which has major impact on a society’s standard of living, logistics competencies are difficult to master. In the current day and age we just take it for granted that when we go to our favorite shopping center we will find our favorite food, clothes and other items conveniently. This won’t be possible without the logistical […]

Supply Chain Risk Villian

7 Supply Chain Risk Villains You Might Need to Fight Against [Infographic]

Did you ever think about how a supply chain risk can be identified? What are the dimensions of these sources, and how can they be managed?   Before we look into 7 supply chain risk sources and their possible mitigating strategies, we need to briefly discuss 4 key issues around supply chain risk. 1)    The Buyer-Supplier Power Battle   Power in a supply chain is one of the key elements that affect the balance in the buyer-supplier relationship; the balance of power can shift if parallel interaction issues or ethical issues, such as price fixing, are identified in the context […]

Lean Vs Agile

Lean vs. Agile Supply Chain – Can You Have One Without the Other?

Lean vs. Agile Supply Chain – Can You Have One Without the Other? [Infographic] Can you run an efficient manufacturing and supply chain organisation without any lean or continuous improvement tools? Can you grow your company and be more responsive without using any agile supply chain efforts? It may come as a serious disappointment to you, but the answer to both is “not really” and “it really depends.” As always, there are always edge cases where a business can thrive using exclusively lean or agile supply chain efforts. However, for the vast majority of us, a sense of balance and […]