Sustainability, a lot of people regard it as an environmental issue, the climate change topic. Something that is far away from day-to-day life. But it is more. It is a way of thinking in which we are striving to a balance in economic, social, environmental and ethical value. A sustainable supply chain is the result…
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The uneven recovery of the U.S. economy is keeping it slow yet steady. However, the long-predicted plummeting profit margins as the consequence of decreasing or stagnant growth rates of loan portfolio already manifest. Despite the consistent volume of loan applications, loan closings are few due to uncertain or prolonged approval processes, long decision times,…
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How many Procurement Problems you face in your day to day job? Would you be able to list them? And which ones will be the biggest pain points to resolve? For me the biggest problem I see for any procurement function is to shifting procurement’s ‘traditional focus on short-term cost savings’ to a more holistic…
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The Green Belt in the Six Sigma certification project is the starting point, after pursuing which, the candidates can go ahead to seek many other certification levels in the Six Sigma course. But this does not mean that the Lean Six Sigma Green Belt does not hold much weight. A high number of skilled employees…
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The rise of eCommerce and fulfillment did change the retail supply chain landscape dramatically in the past decade. Online was the trend and fulfillment centres dominating the world of distribution. The downside was that traditional retail supply chain relying on offline networks (physical stores) struggled and several went bankrupt. Are the current eCommerce business models…
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To start with, how many Facebook Groups are you in right now or how many Facebook Group for Supply Chain? I bet we cannot tell or give a precise number. I know I could not do the same, as well. I could also bet on a few groups that come to mind when asked about…
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For a business to maintain profitability and high-quality standard, owners and managers are required to level up and continuously improve both effectiveness and efficiency for supply chain optimisation. Will Lean Six Sigma Books can help? To facilitate continuous improvement within the supply base and your own operations, companies can use from established continuous improvement methodologies…
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Excess & Obsolete inventory is the most common problem in supply chain. However, Excess inventory does not have to become a liability. Rather than incur more inventory carrying cost on excess inventory, there are some practical opportunities to sell and make cash when you liquidate inventory. Thanks to consistent technological advancement, it is now possible…
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The importance of effective supply chain leadership in the success of a business is clearly more defined nowadays. Whether you run a small, medium or multi-national/conglomerate across the globe, you need a supply chain leadership style that will effectively cover the end to end supply chain and motivate people. Leadership itself is complex and very…
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Inventory carrying cost describes the cost incurred by a business for holding inventory over a particular period of time. Similarly, inventory carry cost is the sum total of expenses which a company acquires as a result of storage. The costs include taxes, insurance, cost of obsolesce, shrinkage, warehouse, damage and relocation. As long there is…
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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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