At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. As such we have introduced our “Seasoned Leadership in Action™” Interview series at Supply Chain Game Changer. This interview is with Drew Morgan, Director, Global Supply Chain and Procurement at ModusLink.
By definition, Supply Chain is responsible for the continuity of supply and inventory of goods and services. If supply lines are disrupted, or if inventory runs out, Supply Chain is on the hook to restore supply.
Supply disruptions can bring a company to a grinding halt, compromising customer deliveries, revenue and profitability. With the stakes so high it should be no surprise that the very prospect of supply continuity issues can create fear and wreak havoc on the time, focus, and mental well-being of Supply Chain professionals.
How does this Fear of Running Out (FORO) manifest itself in the planning, processes and attention of those in Supply Chain?
In the middle of our 5th year here at Supply Chain Game Changer we are proud to publish our 2021 Top 10 List. Here we are showcasing our 10 most popular articles for the first half of the year.
Since we’ve started we have amassed an extensive library of over 750 articles. There is something for everyone no matter what your interests, challenges and needs may be from one day to the next. And that fulfills our mission of sharing experiences and expertise for the benefit of all.
Still there is always more to right about to help our readers.
So let’s take some time to reflect, and look back on our 2021 top 10 list … so far!
Our recent trips to Costco and Walmart, in mid March 2020, had one thing in particular in common. Both stores were sold out of toilet paper, with no knowledge as to when more was coming in to the store.
A few weeks ago, in mid February 2020, when the panic was starting to set in with respect to the Coronavirus we saw some people buying a lot of toilet paper. At the time we bought more packages than we should have, just in case, not realizing there was going to be a full blown run on toilet paper.
This seems to be the story everywhere, even on Amazon. Every store is sold out of toilet paper. Why is it sold out? It’s such a common product that’s merely made out of paper. Does it all come from China, where their factories are shut down? Is that the problem?
In light of the current situation we thought it was time to learn more about the Toilet Paper Supply Chain.
Very early on in my career an associate of mine was fired because he was found to be taking kickbacks from packaging suppliers to whom he had been preferentially and inappropriately been giving business.
Most recently I have received lots of emails and messages from unknown people offering to sell me masks and other personal protective equipment (PPE) for really low prices. A cursory investigation into some of these finds that the items are substandard at best, and the commensurate price gouging during the pandemic reeks of fraudulent behaviour.
One of our most popular articles is Freight Forwarding scams. Every couple of weeks I will get an email from someone, from anywhere in the world, who has been the victim of a freight forwarding scam, and is looking for help.
All of this, and more, has caused to me consider that this is a very important, very real, and very prevalent issue. So let’s discuss Supply Chain scams and fraud.
The term was coined over 35 years ago but still to this day there are a large number of different definitions of SCM.
To someone who is starting out their career, or who is new to the field of Supply Chain, it is understandable that there may be confusion as to the definition of SCM.
But the reality is that there are many expert individuals and organizations who define Supply Chain differently. Are they really that different or are there just subtle nuances in what some people consider SCM that others do not?
Watch our video to learn more about how people define Supply Chain Management!
The responsibility for protecting and promoting your product or company brand is often thought to be generally held by the Marketing Department. But in reality the Supply Chain organization has an enormous role to play as the Supply Chain can positively or negatively impact your brand in many significant and different ways. This was the case with Target.
One of the most pronounced examples of the role of the Supply Chain in serving and protecting your brand is found in the story of Target Canada. Faced with unprecedented plans for expansion in Canada Target had to close its entire operation only two years after beginning operations.
The performance of the Supply Chain was a central element leading to this massive failure and damage to the Target brand.
There are a myriad of variables and factors which affect your ability to achieve your objectives. Deciphering this complexity to determine what should be measured is critical for driving improvements and change.
As with many aspects of your business there can literally be dozens and dozens of different metrics. The same is true in sports. So if you are trying to drive breakthrough results in your company or win on the field how do you determine what is important to measure?
A successful new business model has come to the forefront, and it doesn’t require you to have an inventory. E-commerce stores are now trendy, and their online sales are projected to make up to 18.1% of global retail sales. It is easy to learn how to manage your e-commerce store without the extra work required to stock and ship goods.
Tesla’s relentless research and development produce innovative solutions powered by cutting-edge technology. Tesla is a perfect role model for using advanced automotive technologies that further enhance modern vehicles’ efficiency and safety.
Automobile makers, including Tesla, utilize automation, machine learning, artificial intelligence, and other technologies when designing vehicles, including innovative accessory feature comparisons such as flow formed wheels vs forged.
While Tesla’s milestones in automotive manufacturing are impressive, the company also faces a fair share of issues, including supply chain management.
Taking a holistic approach in order to achieve Inventory TurnoverBreakthrough results meant that I needed to consider the End To End Supply Chain. As I thought through this approach there was really no other way if we were to achieve significant improvements to help the entire business in a short period of time.
In thinking about the End To End Supply Chain it was necessary to define all of the aspects that impact Inventory levels. In short I needed to be able to manage:
All of the levers that control the rate at which Inventory is brought in to the company
All of the levers that control the rate at which Inventory moves through the company
And all of the levers that control the rate at which Inventory moves out of the company
The medical supply industry is the business of supplying the healthcare industry with items such as surgical instruments, bandages, general wound care, gloves, staff and patient apparel, and other medical equipment. However, due to the nature of work involved in healthcare facilities, a significant amount of medical supply waste is generally expected.
Medical supply waste is an issue that plagues healthcare facilities across the world. It’s not just a problem for the providers themselves, as it’s also becoming a problem for the environment.