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Digital transformation has quickly become an essential part of any successful business strategy which has also resulted in a skills gap. Investing in an ERP system and other business systems is an expensive exercise and by not investing resources into training and education, manufacturers will not get the full return on investment.
By David Beaumont On 17 April 2024, Defence’s Integrated Investment Plan was published as a companion to Australia’s National Defence Strategy. [1] There are, of course, many other examples where assumptions had led to risks being accepted in advance of war, and preparedness failures occurred as a result.
As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supply chain strategy.
Over the course of his career, he launched over 30 products and services in industrial B2B and technology markets. 29:07 – Looking at sales as an operational exercise with variable inputs. Develop strategies for controlling inputs. Podcast Summary: Welcome to the first episode of The Logistics of Logistics podcast!
A plan is necessary, possibly based on one of the following strategies. Hidden Opportunities for Supply Chain Cost Reductions Of course hidden costs, if you can find them, mean hidden opportunities. Much depends upon the nature of your supply chain operation of course. Reverse Logistics Strategy 1: Don’t do it!
At the next Logistics Bureau Free Executive Breakfast (which will take place in August), I’ll be discussing the alignment of supply chain and business strategy along with eight other important levers for supply chain performance improvement. The Failing Kmart Business Strategy. The first Kmart store opened way back in 1962.
The erratic Arctic environment necessitates specialized navigation and infrastructure, forcing shipping companies to exercise caution when entering these uncharted territories. Severe weather conditions require flexibility and preparedness, prompting ships to change course or delay voyages to escape the force of nature.
And, of course, I will also share how knowing your cost-to-serve will help you to solve those all-too-familiar performance gremlins. We’ll begin with a look at pricing strategy. Do You Lack Confidence in Your Pricing Strategies? It’s unlikely, however, that the effects of your pricing strategies are quite that simple.
As youll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. As a result, weve discovered that many companies lack a defined and documented supply chain strategy. A company without a supply chain strategy is at a competitive disadvantage.
Of course, as this is an ultimate guide to product slotting, it would only be fitting to leave you with a statement about the cost benefits if it includes an explanation of how they come about. Therefore, any slotting strategy should focus on minimising such travel. Or a similarly sized reduction in warehouse labour costs ?
The risks accepted in not beginning are, of course, high and err towards a professional negligence that ultimately costs time, resources and people at the time of a future war. Firstly, it recommended conducting realistic wargames and exercises to reflect threats and the capability of the ‘logistics enterprise’ to respond.
Of course additional funding and attention can improve the capability and capacity of any military force to sustain itself in peace and on operations. All militaries enjoy large-scale exercises, simulations and desk-top analyses but very rarely do they focus upon the logistics process.
Of course, it is helpful to have some statistics on hand to validate the statement above. Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. What’s wrong with this picture?
To assist with the short-term solution, the answer is an extensive data-gathering exercise. Align your business and supply chain strategies. In the long term, manufacturers need a robust business strategy that drives their supply chain strategy. Use data to improve operations. The benefits of ERP.
Of course, it would be possible to write an entire book on this particular subject, so for the sake of keeping this article relatively brief, I’ll stick to a short explanation of crucial factors to consider when planning a warehouse network (even if it is a network of one). It can go further than this, of course.
Through the course of 2017, and because of my academic research, I have been extremely fortunate to interview a range of senior military officers and public servants. Strategy is a concept of relating means to end; it is complex and subtle and is about thinking, vision, learning as opposed to planning. By David Beaumont.
Contrary to popular opinion the Standard is anything but a box-ticking exercise, especially in its 2015 reiteration. Of course, any reputable company has processes and procedures designed to assure quality performance. We believe this is a major step forward for our business, and for our customers and indeed for our suppliers.
A huge part of effective strategy in any business function is planning. Twelve months can seem like a long time when you consider everything that happened over the course of the last 365 days. Our firm works with companies to identify and execute strategies for growth and value creation. where has the time gone!).
Supply chain strategy is critical to business success, but is often underestimated in its importance and hence receives less strategic attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.
Golden Rule #1: Meaningful KPIs Require a Meaningful Strategy. I’ve written many posts on this blog about the importance of having a supply chain strategy that’s aligned with the overall business plan, and why it is a mistake to have misaligned strategies. I’ve also described some of the issues that can arise from such an error.
Of course, you can set that goal, or rather, that set of goals (because being the best in your business normally means you must beat the competition in a number of disciplines) yourself, but if it’s to exceed that of the very best today, you must know how well the very best is performing. Click To Tweet. Know Your Distance to Target.
Of course some warehouses may skip some of these steps but for those that need to pick products and dispatch products to meet customer requirements, the location of products within the warehouse significantly affects the efficient warehouse operations. All of these symptoms potentially are a sign that a slotting exercise is overdue.
Of course, the consequences, and their seriousness, will depend on the criticality of the product, but availability challenges are never desirable. One way to get a handle on this is to measure their track record of product availability.
Once this exercise is completed, your company can then assess the risk from tier-two suppliers onwards. The companies most likely to emerge strongly from the Coronavirus crisis are those that had diversified their operations and implemented multi-sourcing strategies. 2) Diversify Your Operations.
But the most successful learning and development teams also understand how to measure the success of each training course and react accordingly. The best training strategy in the world can’t fix operational issues. Certainly, employee development plays a pivotal role in every successful enterprise today. Thank you, big data.)
With current events in mind, managing future supply chain disruptions will be an integral component of corporate strategy. Creating supply chain resilience is a holistic exercise that involves more than just a few savvy logistics people. How then to build a strategy? Unpredictable is not a reason to be unprepared.
Of course, the economic viability of these types of shipments is limited to specific commodities. While COVID did see some modal shifts of everything from wheat to Peloton exercise bikes, there are certainly products that are less likely candidates for shifts. He’s proven go-to-market and growth leadership across industries.
Often, in our experience, the problem is a human one… It’s not the data, not the process, not the technology, or the strategy, but the people. S&OP is ostensibly a numbers game, of course. Of course, the goal(s) might change over time, such as when existing ones are achieved, but that is fine. The Executive Sponsor.
In more than 25 years of private practice and consulting with businesses of all sizes, I’ve learned that one of the most beneficial exercises is asking the right questions. He welcomes inquiries from individual drivers, fleets and logistics companies for tax preparation and tax-cutting strategies. 2: Is there an emergency plan?
But, of course, what those circumstances are is for you to decide. Improve Inventory Management Will your logistics outsourcing strategy include contract warehousing? Without further ado, then, let’s move on so I can fulfil the promise above.
Unless your company has already invested in the processes and technology to support the addition of online retail logistics to your channel strategy, attaining a single view of your inventory and customers could prove difficult. You will probably find, from your initial analysis, that your cost-to-serve follows the 80/20 rule.
Of course additional funding and attention can improve the capability and capacity of any military force to sustain itself in peace and on operations. All militaries enjoy large-scale exercises, simulations and desk-top analyses but very rarely do they focus upon the logistics process.
I have been extremely fortunate to interview a range of senior military officers and public servants through the course of academic research in 2017. Strategy is a concept of relating means to end; it is complex and subtle and is about thinking, vision, learning as opposed to planning. Strategic failure.
The truth, of course, lies somewhere in between. Fourthly, the logistics organisation must be exercised and be the subject of experiments which qualify risks. Alternatively, it is also tempting to answer ‘just enough’. Yet giving this answer also requires a tremendous ability for insight as to future requirements.
Golden Rule #1: Meaningful KPIs Require a Meaningful Strategy. I’ve written many posts on this blog about the importance of having a supply chain strategy aligned with the overall business plan, and why it is a mistake to have misaligned strategies. Of course, some “standard” KPIs might fit flawlessly.
Whatever your competitive strategy, though, your supply chain goals should support it. Of course, you can have as many other metrics as you like, but the KPIs are the ones that should form a catalyst for action. If your KPIs are common ones, it shouldn’t be a problem, of course. That’s what makes them KEY performance indicators.
The answer is to benchmark your freight, of course. At Logistics Bureau, we want to help you with that, so we’re publishing this brief guide to help you if you haven’t already included freight benchmarking in your management strategies or want to benchmark more effectively than you are now.
Uniqlo combines the use of sophisticated forecasting technology to predict demand trends, with a just-in-time supply chain strategy straight from the Toyota playbook. The result is not hyper-accurate forecasting, but a supply chain that can react so fast to changing circumstances that forecasting inaccuracies are rarely damaging.
The Path to Cost Reduction: Intel decided to try what was considered an unlikely supply chain strategy for the semiconductor industry: make to order. The company grew substantially over the course of two decades, achieving a considerable portion of that growth by way of acquisitions. Procurement analysis. Supplier communication.
Of course, many of your hires may come to you with a ready-made supply chain education, but perhaps not all of them and besides, there is so much that can only be learned and made sense of outside the confines of academia. Designing and Managing the Supply Chain: Concepts, Strategies and Case Studies, by David Simchi-Levi et al.
Kamal’s two rooftop activities: reading and exercise. I’m doing some light exercise every morning and trying to get the family to join me. Opportunities because I get to focus and work with myself when I am writing a strategy or documents. and a printer of course. I’m missing my small and dedicated team in Pugnido.
Horizontal integration has become the go-to value chain strategy over the last two or three decades, to the point where companies that insisted upon remaining vertical became the outliers in a global field of distributed organisations. For Starbucks, vertical integration is a risk mitigation strategy. Ferrero: They Must be Nuts.
Strange as it may seem, many business leaders don’t have the answers to these questions , because they’ve never conducted an exercise to understand the costs involved with supplying their customers. Development of profitable strategies for customer or product segmentation. High CTS/high revenue yield – love to hate.
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. Is your company on a lean supply chain journey, for example?
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