The PSI or Production-Sales-Inventory is a basic spreadsheet template for supply chain planners. It looks like this: The PSI typically has three sections: production, sales, and inventories. Production represents the in-flow of an item or what’s going into inventory. A basic example is finished goods input coming from a manufacturing operation’s output. We can alsoContinue reading “Behold The PSI: A Basic Tool for Supply Chain Planning”
Tag Archives: enterprises
How Important Productivity is to the Value Chain
The fast-food restaurant drive-thru I go to every Sunday morning hasn’t been serving the liquid creamers that accompany the coffee I order with my meals. At first, they said the creamers were out of stock. A week later, they said they can only serve one (1) creamer instead of the two (2) that should comeContinue reading “How Important Productivity is to the Value Chain”
Ten (10) Examples Towards Building Better Supply Chains
For years, experts have cited the urgent need for supply chains to adapt and get better. In 2005, Paul Michelman via the Harvard Business Review wrote: “Threats to your supply chain, and therefore to your company, abound—natural disasters, accidents, and intentional disruptions—their likelihood and consequences heightened by long, global supply chains, ever-shrinking product lifecycles, andContinue reading “Ten (10) Examples Towards Building Better Supply Chains”
Hoarding and How to Discourage It
When people buy a little more than what they usually need, we call it speculation. When they buy much, much more, we call it hoarding. What happens when people hoard? Do the enterprises that supply the goods gain in sales and profits? Do hoarders make money? Hoarding happens when people perceive they might not beContinue reading “Hoarding and How to Discourage It”
Why and How Banks Should Improve their Services
In the late 1990’s, Asiatrust Development Bank, a relatively newcomer to the Philippine banking industry, expanded its banking hours from 8:30am to 6:00pm. It was a break from the traditional 10:00am to 3:00pm schedule that was the mainstay of other Philippine banks. Many small businesses and individuals particularly those who worked until evenings, flocked andContinue reading “Why and How Banks Should Improve their Services”
Competitive & Non-Competitive Priorities and How to Deal with Them
In several firms I’ve worked with, I couldn’t help but notice that supply chain managers would sometimes be engrossed with priorities regarding compliance to government-mandated occupational safety & health standards. They would have long meetings and spend much time on the nitty-gritties of reports to be filed and procedures to follow. But in the followingContinue reading “Competitive & Non-Competitive Priorities and How to Deal with Them”
What Collaboration Is and Is Not
Collaboration denotes a cooperative working relationship between parties which leads to mutual benefits. It’s not commonly observed in industries and supply chains despite the potential benefits it can bring. This is because it’s not easy to do and in the first place, many business executives don’t think it’s worth the trouble. Many enterprises, small businessesContinue reading “What Collaboration Is and Is Not”
We Need Better Monitoring Systems
Most executives like performance measures. Otherwise known as metrics, key performance indicators (KPI’s), analytics, or scorecards, enterprises embrace performance measures as a means to assess how their businesses are doing. The point of a performance measure is to check how an individual or team is doing against a target that is set by superiors. (NoContinue reading “We Need Better Monitoring Systems”
Ellery's Essays 