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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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Large manufacturers are often reluctant to share knowledge with suppliers. However, supplier networks are considered a great source of gaining competitive edge by Learning Organizations. A Learning Organization is founded on innovation, free flow of… Learning Organization – Gaining Competitive Advantage through Supplier Networks
Financial crisis, adverse supply shock, technological disruption, or natural hazards and disasters significantly affect global businesses. Recessions caused by these global incidents and problems have serious outcomes on commodity prices, stock markets, economies, and even… A Robust Approach to Downturn Management and Transformation
Cost-based Pricing is fast becoming a relic of the past and being substituted by the concept of Target Costing. Target Costing is referred to as an organized process to determine the cost at which a… Target Costing: An Effective Approach to Pricing Products
In the late 1990s, business strategist Michael Porter argued that clusters make business more competitive by increasing the pace of innovation and stimulating new business formation. National and regional governments quickly embraced the idea and… The Growth of a Giant: The Logistics Clusters in Supply Chain Management (SCM)
Factory Audits are often conducted by companies to confirm whether the supplier is delivering the supplied goods per agreed-upon terms and standards (e.g. quality, safety, ethical, environmental, etc.). This has become an important undertaking for… Why Companies Need to Take a Serious Look at Factory Audits in Supply Chain Management (SCM)
In the modern age, organizations are striving to form a sustainable Supply Chain system to cope with the challenges that are arising. Such issues include the emission of hazardous substances, excessive resource consumption, Supply Chain… When Survival in the Midst of Chaos Calls for Supply Chain Sustainability
A recent report from AlixPartners posited a surprising finding in the field of Process Improvement Programs for manufacturers: Most companies engaged in Lean Management, Sigma Six, or another management philosophy are achieving a poor return… Continuous Improvement Initiatives: High ROI Delivery Through Guidelines Prescribed by Lean Experts
Digital Transformations has set forth a change in leadership thinking, which is now changing the rules of competition. For several decades, Corporate Strategy Development has been founded upon the notion of Strategic Focus. In fact,… The Rules of Competition Are Changing – Advantages of a Pan-Industrial Strategy
The “Great Divide” as referred to by Peter Drucker is the perennial issue of disconnect between Demand and Supply side within organizations. Companies are trapped in a pattern of reacting to the whims of the… Solving the “Great Divide” – 5 Step Approach For Successful Supply Demand Integration
Kearney’s 7th Annual Reshoring Index revealed a dramatic reversal of a five year trend, as domestic US manufacturing in 2019 commanded a significantly greater share versus the 14 Asian low-cost countries (LCCs), with manufacturing imports… Manufacturing Reshoring: Have You Included These 6 Key Considerations in Your Strategy?
Many Strategy frameworks are based on the premise: we can’t be everything to everyone. An organization that pursues too many strategies usually ends up stuck in the middle offering average products for average prices. Thus,… Revisiting a Strategy Classic, the Value Disciplines Model – How Are You Creating Value?
Supply Chain Management is getting more and more complex. The pressure on the Supply Chain information to be made public is also increasing day by day. With the popularity and widespread use of social media,… What Should Constitute Your Supply Chain Information Disclosure Strategy?