Supply chains had become popular in the 2020’s, thanks greatly to the era of the coronavirus pandemic when our world experienced major economic disruptions in transportation, production, and deliveries. Because of aggravations such as missed deliveries, shortages, and overstocked inventories, we pledged we’d do better in managing our supply chains. But we hadn’t done muchContinue reading “Five Characteristics of Supply Chains”
Tag Archives: business
When Friends Become Customers
Several years ago, I approached an old classmate from high school who was in the construction business and asked him if he can quote me for a big project I was undertaking. He replied, “sorry, I’m too busy with other jobs.” Recently, I asked a friend if she can quote me for some equipment sheContinue reading “When Friends Become Customers”
A Primer on the Process of Order Creation & Fulfilment
The process of customer order creation and fulfilment is a core task of many enterprises. An order creation & fulfilment process in a business-to-business (B2B) relationship typically consists of the following steps: Enterprises who sell directly to end-users, that is business-to-consumer (B2C, e.g., supermarkets, e-commerce, restaurants) typically have a simpler process: Enterprises who offer services,Continue reading “A Primer on the Process of Order Creation & Fulfilment”
What Problems Will AI Solve?
The debut of artificial intelligence (AI) applications like ChatGPT in late 2022 ignited viral media firestorms around the world. AI is no longer science fiction. It is here. It has arrived. It is on our fingertips, demonstrating its power and ready for our use. With AI apps like ChatGPT, we can use our devices (i.e.,Continue reading “What Problems Will AI Solve?”
The Science Behind Management & Why We Need Engineering
In March of 1911, Frederick Winslow Taylor’s The Principles of Scientific Management debuted to the public. It was the height of the Industrial Revolution in the United States of America. Corporations were mass producing items and many Americans were employed in factories. Mr. Taylor’s Principles couldn’t have come at a better time as when itContinue reading “The Science Behind Management & Why We Need Engineering”
The Basic Tasks of Management vs. The Basic Tasks of Engineering
Management is the predominant means in how we run our organisations. It’s been like that since the late 19th century, when we adopted capitalism into our society to cultivate the prosperity & wealth resulting from the Industrial Revolution. Business was getting more complex when it came to all the money we were earning. We neededContinue reading “The Basic Tasks of Management vs. The Basic Tasks of Engineering”
We Need Engineers to Solve Supply Chain Problems, Not Managers
We encounter lots of problems with supply chains. But how serious are these problems? How do we as managers prioritise which problems we will put most of our time and resources into? When the World Health Organisation (WHO) declared the coronavirus COVID-19 pandemic in mid-March 2020, governments immediately restricted the movements of people and merchandise. Continue reading “We Need Engineers to Solve Supply Chain Problems, Not Managers”
Value Chains, Supply Chains, & Our Wrong Mindsets
Michael Porter introduced the Value Chain model in his seminal book, Competitive Advantage,1 in 1985. The value chain broke down activities of the firm (the enterprise) and how they collectively contribute to the value of products & services. How well activities perform and interrelate would manifest in the margins, which are the difference between valueContinue reading “Value Chains, Supply Chains, & Our Wrong Mindsets”
Negotiations Won’t Solve Our Supply Chain Crisis
During a Philippine Senate hearing conducted on June 21, 2023, the chief commercial officer of Cebu Pacific Airlines apologised for recent passenger service disruptions in which he added: “We recognize that global supply chain issues are further worsening the situation and causing additional delays in aircraft deliveries. As a result, we have experienced delays rangingContinue reading “Negotiations Won’t Solve Our Supply Chain Crisis”
Challenges & Crises: The Two Types of Problems We Tackle in Business
We encounter all kinds of problems every day. And they go by different names, such as: These problems, especially while managing our enterprises, end up as either of two types: We categorise the issues clamouring for our attention as crises or challenges depending on how urgent and important either one is. A crisis demandsContinue reading “Challenges & Crises: The Two Types of Problems We Tackle in Business”
Ellery's Essays 