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Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” Only a complete cost-to-serve analysis will expose these underlying issues unless they happen to be discovered incidentally.
Past summit highlights have included inspiring presentations from ShipMonk leadership, such as founder and CEO Jan Bednar , Chief Revenue Officer Kevin Sides, Chief Product Officer Rafael Zakinov, VP of Client Experience Christine Warren, and Chief People Officer Stuart Horowitz.
Moreover, the attitude of commanders and leaders, logisticians and staff planners to comprehensively and critically assess the Defence organisation – a ‘blue force analysis’ – also influences the logistics system to function as intended. Force structure requirements can change with different ‘demand, dependency, duration and distance.’.
By David Beaumont This article, and the series which follows, are an updated version of a presentation given at the Australian National University titled ‘ Logistics preparedness and mobilising the national support base: the effectiveness of ADF strategic logistics prior to Operation Warden 1999 ‘. P art One , Two and Three can be found here.
By David Beaumont This article, and the series which follows, are an updated version of a presentation given at the Australian National University titled ‘ Logistics preparedness and mobilising the national support base: the effectiveness of ADF strategic logistics prior to Operation Warden 1999 ‘.
Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Reverse marketing starts first with Value Analysis. Your team should have recorded all Value Analysis ideas in detail to get back to the Supplier by (date).
Too much leads to resources being monopolised on gathering tons of data and a subsequent risk of “paralysis by analysis” Cost to Serve (CTS) is an approach that helps you avoid both extremes. Besides optimising the present or fixing the past, CTS reporting and analysis opens the door to what-if scenarios and projections.
Detailed cost-to-serve analysis can be complex and time-consuming, so it’s a good idea to break the task down by priority and target specific areas on which to concentrate. You will probably find, from your initial analysis, that your cost-to-serve follows the 80/20 rule. Which process steps cost the most, and the least, to complete?
Moreover, the attitude of commanders and leaders, logisticians and staff planners to comprehensively and critically assess the Defence organisation – a ‘blue force analysis’ – also influences the logistics system to function as intended. Force structure requirements can change with different ‘demand, dependency, duration and distance.’.
In an attempt to help you keep your supply chain organisation from analysis paralysis, metric manipulation, or measurement misnomers, I decided to use this post to share nine important guidelines, or golden rules, for benchmarking your business and monitoring performance using meaningful supply chain KPIs. Assign individuals as KPI owners.
The ADF’s preparedness prior to this operation has been scrutinised through reports and analysis, at levels range from tactical to committees of Government. Any operation defending the Australian north-west demanded was a difficult logistics enterprise, as highlighted by exercises such as the long-standing ‘Kangaroo’ series.
Rather than using intuition to inform decisions, people often retreat behind analysis to avoid choosing between difficult options. Even if analysis is used to inform judgements, decisions at the highest level will tend to be intuitive and influenced by a range of factors. This is especially the case with logistics.
What I find about benchmarking is it is often an internal exercise to justify what someone is doing to higher management. Sometimes I will hear of giant shippers presenting they are "better than market" based on their benchmarking through external agencies. That is where energy is best spent. Of course, you are better, you are huge!
However shocked you may be by the results of a cost-to-serve analysis, avoid the knee-jerk reaction and instead, use your new-found knowledge to turn unprofitable customers and products into profitable ones. From there, you can access other resources on the topic, including a downloadable report and a PowerPoint presentation.
Rebecca Dye is the Federal Maritime Commissioner (FMC) and has led an investigation and fact-finding exercise concerning the management of detention and demurrage. For example, in February, the Harbor Trucking Association (HTA) presented a dispute of about $3 million worth of detention and demurrage fees for the previous year.
Rather than using intuition to inform decisions, people often retreat behind analysis to avoid choosing between difficult options. Even if analysis is used to inform judgements, decisions at the highest level will tend to be intuitive and influenced by a range of factors. This is especially the case with logistics.
Customers, conferences, and colleagues past and present are all possibilities for sharing insights and information. As in other domains, data analysis and business intelligence requirements and opportunities are now on the rise. Of course, generally, you should not expect to get more out of networking than what you put into it.
Rather than using intuition to inform decisions, people often retreat behind analysis to avoid choosing between difficult options. Even if analysis is used to inform judgements, decisions at the highest level will tend to be intuitive and influenced by a range of factors. This is especially the case with logistics.
Image source: Flickr | How to Protect Supply Chain from Cyber Attacks The management of data intelligence in the supply chain presents an enormous challenge to those involved. As a result, you must exercise extreme caution when selecting each partner, making sure they have sufficient security procedures and resources in place.
In an attempt to help you keep your supply chain organisation from analysis paralysis, metric manipulation, or measurement misnomers, I decided to use this post to share nine important guidelines, or golden rules, for benchmarking your business and monitoring performance using meaningful supply chain KPIs. Assign individuals as KPI owners.
this exercise helps retain mobility in the damaged joints". An employee may upload a corporate presentation from his or her desktop PC to a cloud storage service, then access it from a personal iPad to show at a client site, for example. But, what does mobility exactly mean? mōˈbilədē/. noun: mobility. restricted mobility".
Everyone’s supply chain career has to start somewhere, so there’s no shame present in being untested from a practical perspective. At the same time, you provide the opportunity for new hires to get their feet wet with practical leadership, analysis and problem solving exercises.
Knowhow of slice and dice data analysis, possibly true but in my opinion these are not comprehensive enough. Here''s presenting the case study of how a seemingly workable condition monitoring exercise can possibly go wrong. A high profile instrumentation infrastructure?
This is the third and final part of a presentation given at the Australian – New Zealand Defence Logistics Conference during June 2023. Fuel and ammunition feed into the discussion of force posture, and the importance of exercises to build ‘preparedness including minimum viable improvements in key areas’ is also clear (pp 78-80).
The need for any S&OP process to have an executive sponsor who actively participates in the process, albeit only by exercising final approval over plans and, of course, making any decisions that call for executive authority, cannot be overstated. The Executive Sponsor. The People of S&OP: 7 Golden Rules to Get the Best From Them.
As part of the ‘Centre of Gravity’ series of papers, the purpose of its analysis of the idea of ‘sovereign defence industry capabilities’ is to provide strategic policy recommendations, of which there are three. [1] This integration is enabled by policy and governance, and through consistent organisational behaviour.
However based on observations made in the course of our consulting work, many organisations perceive it as a purely remedial or punitive exercise. None of the aforementioned supplier performance evaluation benefits can be gained through sporadic or one-off exercises. Why is this a mistake?
Inventory Reconciliation: Any work in progress/raw material type of materials should not be present in the shop floor, these could prove to be a hazard. Audit each of the assets that was a part of the maintenance exercise and ensure that it is in complete working condition viz. check for any leakage, noise, insulation.
We conducted a thorough analysis of these concerns & compared results in different geographies. Analysis showed that around 70-80% of issues faced in support could be classified or could be attributed to incorrect Master Data Maintenance & triggered a thought process of "Importance of Proactive Master Data Maintenance".
While a number of factors are doubtless contributing to the Kmart demise, only a minor amount of analysis is required to identify supply chain misalignment as being one of the primary issues, which the company has never managed to correct. The Failing Kmart Business Strategy. The first Kmart store opened way back in 1962.
As part of the ‘Centre of Gravity’ series of papers, the purpose of its analysis of the idea of ‘sovereign defence industry capabilities’ is to provide strategic policy recommendations, of which there are three. [1] This integration is enabled by policy and governance, and through consistent organisational behaviour.
Photo: WFP Photo Library Cost-benefit analysis studies carried out by WFP and partners have shown that every dollar invested in school feeding programmes can yield up to 10 dollars in improved health, education and productivity. Training on food safety and quality (here, in Kenya) is a crucial element of school feeding programmes.
Dharmani also points out that it would be a mistake for companies to assume that their smaller suppliers present higher cybersecurity risks than large ones. Every presentation I make to the board of directors has a cybersecurity element to it, and we discuss the topic on our weekly executive calls.”. Establishing industry standards .
Turning on your business know-how is important too, because you need careful analysis and critical thinking to make the best of existing opportunities. You need these insurances because many, if not most, shipping companies will request that you present these before you begin work together. Designate Agents for Service of Process.
During one of her routine quarterly stock analysisexercise she observed something unusual. On further analysis she had found that the major contributor for this stock valuation had been certain high value nozzles which were repairable in nature. At ABC Corp. Sure, we can" retorted all three warehouse managers.
This portion of training must consist of “demonstrations performed by the trainer and practical exercises performed by the trainee” [OSHA standard 1910.178(l)(2)(ii) ]. Then, when you start, you’ll watch videos, do some reading, and complete interactive exercises to help you learn and retain the information. Remember high school?
They not only have to present the models to demonstrate their understanding, but they also have to relate the models to real companies. Second, we study the flow of goods and services that are the ever-present relays of intermodalism. It is also an exercise in trade-offs. What can be measured can be managed.
The following text is of a presentation given at a 2019 Wiliams Foundation conference, ‘Sustaining self-reliance’ As the original article cannot be found on other sites, it is provided here with some slight adjustments. Present day convenience will likely cost the future ADF dearly.
While the folks in the meeting discussed emphatically on how requirements are changed as late as User Acceptance test, I actually got tele-transported back to my stint in a process optimization exercise at one of the largest utility companies.
The adage Speed, Quality, Cost – Pick two is an everyday exercise. This presents a whole new set of challenges in the movement of goods. However, the probabilities are increasing, requiring more proactive analysis and planning. With this increased demand and short supply, rates will continue to increase. Information Overload.
While each hazard presents a direct danger to the workers, the damage can also extend to their co-workers, families, and friends. Slips, trips, and falls (falls are a leading cause of death for people in general and present a danger in the warehouse). High heat or excessive cold. Heavy objects. Sharp objects.
Executive Insights is a series by Shipping and Freight Resource that provides useful insights and thoughtful analysis on what is happening in the maritime, shipping, freight, logistics, supply chain and trade industries. Executive Insights is your chance to pick the brains of industry veterans, leaders, and enablers.
AI techniques like sentiment analysis can identify the emotions in language to provide insights for certain purposes like customer service or targeted marketing, but these methods don’t achieve true emotional intelligence, they only barely scratch the realm of human feelings, which defy rationality. My compassion cup has been overflowing.
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