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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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The Value Chain concept, first described by Dr. Michael Porter in 1985, is a series of actions that a firm—in a specific industry—accomplishes to produce a valuable product or service for the market. The value… Strategy Classics: Porter’s Value Chain
As the last decisive step in customer service, a warehouse ensures cost effective distribution. Latest technological innovation has turned warehousing into a competitive advantage. It offers untapped potential for improvement. However, warehousing is a hugely neglected… How To Transform Your Traditional Warehouse into a Lean Warehouse?
No free lunch was ever served quickly. Traditional supply chain cannot offer both low prices and fast delivery. Online retailing has changed. Before, we see e-commerce companies fulfilling consumer demand from a small number of… Delivery Not Keeping up with Consumers Demand? Put Agility in Your Supply Chain Network Design
In today’s digital age, organizations are faced with the changing nature of the demand curve and the element of uncertainty in the supply chain. For operations teams, the challenge and competitive advantage have become: How… Digital Supply Chain Strategy: How to Counter Potential Disruptions in Today’s Digital Age
Organizations, small and large, are undergoing Digital Transformation to evolve to “Digital Organizations.” Beyond just adopting emerging technologies into their front-end business models and back-end infrastructure, to become a true “Digital Organization,” they must also… What Digital Operating Model Should We Adopt?
Enterprises invest in Analytics to improve Decision Making and outcomes across the business. This is from Product Strategy and Innovation to Supply Chain Management, Customer Experience, and Risk Management. Yet, many executives are not yet… A Startling Fact about Analytics-driven Organizations
Lean Management plays a significant role in putting in place processes, capabilities, and tools to improve how businesses operate. But, now, in the Digital Age, emerging Digital technologies give us even more opportunities to further… How to Redesign Your Operating Model for the Digital Age
More sophisticated managers explicitly use Key Performance Indicators (KPIs) to promote cross-functional–not just vertical–alignment. For them, KPIs are the means and methods for rigorously defining and measuring the fundamentals that matter. Why are KPIs important?… Key Performance Indicators (KPIs) Best Practices: Your Guide to Driving Performance Improvements
We’ve all heard of Robotic Process Automation (RPA). RPA is the emerging form of business process automation technology based on metaphorical software robots (bots) or artificial intelligence (AI) workers. When an organization undertakes Digital Transformation,… By Now, We All Know of RPA. But, What Is IPA (Intelligent Process Automation)?
Business Process Reengineering (BPR) can be a great success but it can also be a great failure. After months or years of careful redesign, organizations can achieve dramatic improvements in individual processes. However, a paradoxical… Business Process Reengineering (BPR) Implementation Guidelines: Preventing the Risk of Failure
Lean Management plays a significant role in putting in place processes, capabilities, and tools to improve how businesses operate. But, the Digital Age has increased both the opportunities for businesses who know how to react… Making it Right the First Time: The Road to Operating Model Transformation
Business Process Reengineering (BPR) is a practice of rethinking and redesigning the way work is done to better support an organization’s mission and reduce costs. In all too many companies, reengineering has been not only a… Business Process Reengineering (BPR): Are We Succeeding or Failing?