Supply Chains often get disrupted by calamities that are beyond human control. Natural disasters, such as tsunamis and floods, in the last decade have drastically affected major businesses—from automobiles to technology, to travel, to shipments—and exposed critical weaknesses in Supply Chain mechanisms around the globe. And, now, we are living through a global disruption of […]
Tag Archives | supply chain
Strategy Classics: Porter’s Value Chain
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 chain notion visualizes the process view of an organization, perceiving a manufacturing or service organization as a system comprised of […]
The Omni-channel Retail Strategy for the Digital Age
There is no question that the Retail industry has been experiencing disruptive change. Traditional retailers can no longer survive in a Digital Age dominated by e-commerce. Even traditional physical stores having an e-commerce presence is not enough, with the rapid growth of Mobile and Social Media. As technologies and accessibility continue to improve, the 21st […]
Warehouse Key Performance Indicators
Key performance indicators (KPIs) are measures of a company’s strengths and weaknesses of the business. They should be used in comparison to the external competition and internal customers to improve company’s economic standing. In Supply Chain, the warehouse is a critical function. Should products not move effortlessly within the warehouse, a business could come to face […]
Building Resilience into Supply Chains
The supply chains of most companies, large and small, exploit a world of opportunities. But, increasing global exposure comes with an increasing range of risks. These companies’ complex networks of suppliers and customers are as diverse as the goods and resources they manage. Within the same supply chain, giant multinational companies can sit side-by side […]
Flevy’s Definitive Guide to Operations
This is a guide to navigating Flevy to find the documents and other resources you need related to Business Operations. “Operations” is a broad, vague term. It can convey a lot of different meanings to different people. If you don’t find what you are looking for in this article, please email us at support@flevy.com. First, a very […]
The Price Sensitivity of Consumers to Ethical Supply Chains
Many companies balk at the idea of implementing ethical supply chain management (SCM), as they only think of increased operating costs. Despite how much executing ethical SCM may affect the bottom line, companies should not immediately reject the idea without doing some research. For example, a recent survey by Software Advice, a supply chain management […]
A Case Study on Innovative Fleet Management, Use QR Codes
What is a QR code? The textbook definition of a QR Code is a two-dimensional bar code created by Japanese corporation Denso-Wave in 1994. The “QR” is derived from “Quick Response.” A type of Matrix or Two Dimensional bar-code. Rather than use a linear or laser type reader you use an imager –like the camera […]
Starting a Business? Build a Solid Foundation for Your Supply Chain
So you have started to set up your own business. You know what you want to supply. You know who you want to supply it to. Great. Now, how the heck do you do it without burning wads of (hard to come across) cash? Supply chain and efficient business go hand in hand and have […]
Avoid the Mistake of Taking Inventory Accuracy for Granted
Inaccurate inventory leads to loss of sales, poor customer experience, and may indicate a more drastic issue of retail theft. Inventory Records Accuracy (IRA) is an area most business people take for granted. Daily Cycle Counting and Root Cause Analysis for a goal of 98-100% daily accuracy is critical to all departments in the company: Purchasing, […]
