Definition: Inventory Rationalization The article, “Controlling Just Noticeable Differences in Quality”, by Joseph M. Kamen, published in the November- December 1977 issue of Harvard Business Review has influenced me over my career. In the article, Mr. Kamen talks about changes to products, process or operations that are almost so small as to not be noticed, but when… Continue reading
Companies are increasingly trying to achieve sustainability in supply chain management (SCM). The goal is to achieve sustainable flows of products, services, information and capital to provide maximum value to all corporate stakeholders. The practices and structures of a globalized, capitalist world order gave rise to several challenges for corporations. Sustainable development is undoubtedly among… Continue reading
While logistics and supply chain managers tracking Lean operations usually seek to eradicate extra inventory, marketing, and sales programs, which often lead businesses to raise the volume of products they keep in stock, SKU becomes a critical aspect. Big brands with SKU implementation are attaining better evaluation and performance from their inventory with SKU rationalization…. Continue reading
In last 13 years, I have been conducting stocktaking every year. When I started as a graduate I was not really aware of the purpose of stocktaking or importance of stocking. I was more interested in weekend work extra overtime being paid! Now over the years, I have learned lot more advantages of stocking, rather… Continue reading
After optimizing and adding glamor to your LinkedIn profile, it is time to network. Regular participation in LinkedIn Supply Chain Groups is one way to grow your network and generate more leads as a Supply Chain professional. There are several Supply Chain groups on LinkedIn that present the prospect of strengthening connections with other professionals…. Continue reading
Do you desire a European masters in Supply Chain Management? By explanation, Supply Chain Management place emphases on how to economically and proficiently manage supply chain systems to obtain better distribution of product and services from supplier to consumer thus growing a business’ competitive advantage. It looks simple enough! Nevertheless, in present-day international marketplace, clients… Continue reading
First and Foremost Happy New Year to you all! 2018 has started with new hope, new sprite and with new goals (in some cases!). These are the days for contemplating, thankfulness and optimism about what’s ahead by looking back the best supply chain posts of 2017. As each year comes to a close, we… Continue reading
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… Continue reading
Knowing useful Excel Tips & Tricks are important for supply chain professionals at all levels. I have come across some candidate who has a 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 as he struggles to apply the… Continue reading
is a Manufacturing Operations, Procurement and Supply Chain leader from international multi-site manufacturing experience in Electrical, Hydraulics and Internet industries
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