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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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The procurement function in most organizations deserves more attention than it gets. Most executives associated with procurement lack the competencies and perspectives required to identify gaps and effectively manage the function. This paucity of attention… The Kraljic Matrix
The focus on operational efficiency isn’t new but has become more crucial. Rapid technological advancements and shifts in consumer demand mean that businesses must adapt and optimize faster to stay competitive. While optimization might be… Boosting Operational Efficiency: 8 Best Practices for Optimizing Production Processes
Providing effective customer service necessitates comprehending how the customer’s mind works and what drives their choices or actions. Measuring and improving service quality is crucial for enhancing Customer Satisfaction, Customer Loyalty, and overall business success. … RATER Model
Companies, especially technology related ones, used to spend a significant amount of time, effort, and capital to innovate and develop a Competitive Advantage on the basis of their design and engineering. Development of high-tech production… Technology Commoditization
Solving problems, complex problems at that, involves not only good problem formulation but also a structured approach to complement it. Structured Problem Solving is simply an iterative sequence of framing hypotheses and testing them via… Structured Problem Solving: Modified A3
According to a global survey, around 53% of courier companies surveyed stated that the overall productivity rises after adopting route optimization software. Such tools use sophisticated techniques to improvise the delivery operations, save money, and offer clients… How Route Optimization Software Increases ROI of Courier Deliveries?
How do we acquire quality, actionable Market Intelligence for emerging markets? To make good business decisions, we require good data—i.e. good Market Research & Intelligence. For developed markets, the function of Market Intelligence is mature… Emerging Market Intelligence
Most organizations struggle to find a true strategic fit between their Corporate Strategies and their Supply Chain Strategies. For most organizations, they operate within a highly complex and globally interconnected Supply Chain. Aligning Supply Chain… How We Can Align Our Corporate Strategy and Supply Chain Strategy
Majority of pharmaceutical companies are persisting with decade old processes and routines. They have transactional relationships with suppliers, lack of concerted efforts to progress ahead, and no vision to reap productivity rewards. The reasons for… Pharmaceutical Supply Chain Reinvention
Early 2000s saw a change of mind regarding the Globalization of commerce by members of the political and economic arenas. This change of mind was instigated by myths perpetuated against commerce Globalization because of the… 3 Pillars of Globalization
The conventional Business Model for Manufacturing is in the process of Transformation. Centralized production has given way to dispersed manufacturing that is customized. Conventional operating practice at large-scale manufacturers is to keep the high-cost R&D… Digital Fabrication Transformation
Site Selection is the practice of choosing a new facility location. It involves measuring the needs of a new project against the merits of potential locations. The practice became popular during the 20th century, as… 5Cs of Site Selection