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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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Cultural Intelligence (CQ) is becoming increasingly crucial for organizations operating in a globalized market. This competency enables individuals to navigate and manage cross-cultural interactions effectively, transforming cultural diversity into a strategic organizational advantage. In this… Cultural Intelligence (CQ) Primer
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
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
Cut-throat competition in industries has driven companies to find ways to reduce costs while increasing efficiency. To accomplish this, most companies have skillfully endeavored to streamline Sales, Operations Planning, Forecasting, Inventory Management, and Logistics. One… Supply Chain Management: 6 Building Blocks of Warehouse Cost Reduction
Warehousing costs at most firms are extraordinarily higher than they ought to be. Across the world, organizations spend around €300 billion annually on Warehouse Management. With the boom in online retail stores and the increasing… Warehouse Costing: Cleansheet Analysis
Digital Transformation has propelled technologies and innovation in Logistics. Artificial Intelligence is taking charge of a number of repetitive logistics tasks. Organizations are benefiting from Automation in streamlining their cumbersome processes and cutting down delivery… 5 Obstacles Impeding the Adoption of Automation by the Logistics Sector
Technological advancement has come a long way. Artificial Intelligence is taking charge of a number of repetitive logistics tasks. Organizations are benefiting from Automation in streamlining their cumbersome processes and cutting down delivery times. Automation… 3 Trends Driving Logistics Automation
Companies looking to improve efficiency and reduce costs can gain significant ground in the Supply Chain Management function by incorporating Lean Management and Six Sigma techniques. Reason this area has gone under the radar is… Supply Chain Management: 2 Phases of Transportation Cost Reduction
Shortage of labor, intensified demand from e-tailers (online retailers), and technological disruption is forcing organizations in the Logistics and Warehousing industry to embrace technology, particularly Automation. An investment in automating the picking, packing, sorting, storing,… 10 Technologies of Warehouse Automation
Supply chain management across industries is being revolutionized at a rapid pace by technology. By implementing technology systems, supply chain organizations aspire to eliminate waste, meet customers’ needs at reasonable costs, and ensure profitability. Enterprise… Suffering Profit Leaks? Use Cost-to-Serve (CTS) Analysis to Prevent Them
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)
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?