Amongst the big issues killing any business valuation is the volume of inventory at hand that is placed as excess and obsolete. Excess and obsolete inventory is the outcome from several problems that ensue due to “a series of unplanned proceedings”, and often extends to many functions. For a typical business, the excess and obsolete… Continue reading
If the businesses want the functions of their supply chain to be optimized or achieve supply chain optimization, it is not sufficient to simply select a correct strategy. They rather need to analyze their weaknesses and strengths, for improving the demand chains in terms of measuring their overall performances. Hence, the potential failures can be… Continue reading
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
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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