Supply Chain Management Archives - Page 39 of 54

Supply Chain Should Lead the Boardroom … the Coronavirus Proves it!

Coronavirus Exposes Global Supply Chain Fragility!

The Coronavirus situation has now been declared a pandemic. With over 750,000 cases, over 36000 deaths the expectation is the number of infections will continue to grow at an incredibly rapid rate.

Countries and companies are taking extreme measures. Millions of people have been quarantined, travel has been restricted if not prohibited, and events of all kinds are being cancelled or deferred.

The economic and Supply Chain impact has been, and will be, enormous with employees unable to work, factories shut down, and modes of transportation idled in record numbers. It will take enormous intelligence and expertise to get the Supply Chain back on track throughout, and after, this crisis.

Supply Chain leaders now belong at the head of the Boardroom table like never before.

Spreadsheets – A History and a Future!

How Artificial Intelligence (AI) Will Change Decision Making!

Most of us create, use, present and work with at least one spreadsheet each and every day. Spreadsheets have proven invaluable. And many businesses even observe, and complain, that they are run on spreadsheets.

Yet there was a time not that long ago when most people didn’t even know what a spreadsheet was. In the early 1980s I was given one the first IBM Personal Computers to use, along with the spreadsheet software Visicalc. Spreadsheets forever transformed my productivity and skill set.

Suppliers are Friends, not Food!

Strategic Supplier Relationship Management – Do’s and Don’ts

“Fish are friends, not food.” Similarly Suppliers are friends and not food.

Bruce, a great white shark, and his two shark friends gather alongside Dory and Marlin, taking a sacred oath, swearing off eating fish. This scene became an instant classic in the homes of the hundreds of millions that have seen Pixar’s mega-success, Finding Nemo.

If you’ve never seen the film, treat yourself by watching this clip below, and directly after you finish this blog, do yourself a favor and stream the entire film.

Now…
Is there something to be learned from this quote in Finding Nemo, that we can apply to procurement and sourcing? As buyer and suppliers aren’t we all living in the same ocean, existing in the same ecosystem, and working towards the same value creation?

What is Supply Chain? According to ChatGPT!

What is ChatGPT?

There has been a lot of interest in ChatGPT since its launch in November, 2022. When we wrote our article, “What is ChatGPT?” in February of 2023 at which time it was the fastest app ever.

According to mlyearning.org, ChatGPT had over 1.6 billion users in March 2023. The interest in this app and technology is unprecedented.

Curious to understand more about what it is and how it worked, I asked ChatGPT to write an 800 word essay on the definition of Supply Chain Management.

Here are the results as to what is Supply Chain Management, according to ChatGPT.

How Will AI Affect the Supply Chain?

Harnessing the Power of ChatGPT and AI in Supply Chain!

Artificial Intelligence is rapidly reshaping the landscape of supply chain management. As businesses deal with today’s global economy, using AI is a big deal.

This article looks at how AI will affect supply chain management. It talks about the good things AI can do, the problems it can cause, and how businesses can get ready for this big change.

AI is poised to revolutionize how supply chains operate, ultimately contributing to improved efficiency, cost reduction, and competitive advantage.

The Supply Chain Renaissance Has Begun!

Imagining the Supply Chain of the Future!

The term Renaissance is widely associated with the 14th, 15th and 16th centuries in Europe, denoted by the dramatically renewed interest in, and advancement of, art, science, literature, learning, composition and exploration.

Dozens and dozens of perpetually famous individuals made their enduring mark during this period, including Leonardo Da Vinci, Michelangelo, Galileo, Shakespeare, Marco Polo, the Medicis, Martin Luther, and Gutenberg, to name but a few.

The 21st century marks a similar period for Supply Chain. Never in history have we heard so much about Supply Chain, its critical importance to every aspect of our lives, and its role in shaping the very fabric of our future.

The Supply Chain Renaissance has begun!

The Elegance of the Costco Supply Chain!

A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain!

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To begin I must admit that Costco is one of my favourite stores. I started thinking about the Costco Supply Chain.

Stereotypically I almost always buy more than I intended given the unique things that you find in their aisles. And the standard items are invariably great deals, even if the quantities are larger than you will find in other stores.

When you consider the physical layout of the store you are really walking through a warehouse. High ceilings, rows and rows of pallet racking, and concrete floors.

At its core the Costco business structure is a great example of a lot of Supply Chain principles implemented with great efficiency.

What is it that makes Costco’s Supply Chain so effective?

Seasoned Leadership in Action™! An Interview with Leonard Han, Freelance Consultant!

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 Leonard Han.

I have had the tremendous opportunity of working with Leonard at ModusLink. He is truly a seasoned leader having run businesses across Asia.

Leonard very easily deals with people across all countries and cultures. He is very pragmatic and knows how to get things done to meet all business and customer challenges while at the same time earning the respect of all those who deal with him.

Seasoned Leadership in Action™ – An Interview with Vitor Angelelli, Head of Operations at Neogrid

Seasoned Leadership in Action™ Interview Excerpts: Lessons Learned by Global Leaders

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. This interview is with Vitor Ayres Angelelli, Head of Operations at Neogrid North America.

What is Customs Clearance and How Does it Work?

What’s the Difference Between a Freight Forwarder and a Customs Broker?

According to article 35 of the Customs Law, customs clearance is defined as the set of procedures and acts, carried out before customs, related to the entry and exit of merchandise from the national territory, which depends on the different traffics ( air, sea, land) and customs regimes.

In short, customs clearance is the set of procedures used to verify and approve the entry or exit of goods. Likewise, its process is based on the declaration of certain relevant information before the corresponding customs authority.

Online Payment Protection Tips for Merchants!

Use Your Small Business Credit Card Wisely

When you run an online business, it’s your responsibility to keep the business secure, both for yourself and your customers. To handle various issues with payment gateway worldwide functionality, you need to take care. Here are the payment protection tips you can take to protect both yourself and your customers from the risks of online commerce.

Understanding Outbound Call Centers !

Omnichannel Customer Service Best Practices!

Before learning about outbound call center services, let’s discuss the types of call centers. There are 3 types, such as inbound, outbound, and virtual. Further, these three are categorized as Domestic and International depending on whether they serve within the country or outside.

Disrupting Delivery: Unleashing the Power of Emerging Technologies in Logistics!

5 Ways Logistics Companies Can Save with A.I. Beyond ChatGPT!

Technological breakthroughs have ushered in extraordinary transformations in the ever-changing field of supply chain management. The supply chain is undergoing a revolution thanks to innovations like blockchain, artificial intelligence (AI), and the Internet of Things (IoT).

These technologies in logistics and supply chain are not only improving efficiency and visibility but also enabling entirely new ways of managing and optimizing the supply chain.

Will Consumer Goods Be Stronger from the Pandemic?

The Toilet Paper Supply Chain!

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We all know and regularly purchase Fast-Moving Consumer Goods (FMCG, often also referred to as Consumer Packaged Goods, or CPG). As the name suggests, these are the products that we buy most frequently, such as tinned food, canned drinks, toothpaste, shampoo, soap, biscuits, toilet paper and coffee.

The way consumers bought these products was already changing before the pandemic. Companies like Unilever have been experimenting with subscriptions for several years now and the growth of e-commerce has led to a change in grocery shopping.

But how has the pandemic accelerated changes in the way that consumers find and purchase these products?

Complexity in the Retail Supply Chain!

International Expansion in Retail (Infographic)

As consumers the complexity in the retail supply chain is usually oblivious to us. We go to the store and pick up the goods that we want. Or we order goods online from our devices at home, in the office, or anywhere for that matter. We consume the items, returning them if necessary, unaware of all of the work that went into making those goods available to us.

A phenomenal amount of activity goes on behind the scenes to make this experience as seamless as possible. I am not saying that it always goes smoothly. Sometimes items are broken. They are late. Or there is some other issue.

But behind the curtain that is Retail there are a lot of people managing a lot of processes and dealing with a lot of complexity earnestly trying to make your goods available to you.