A commodity trader at a food company observed that prices of coconut oil, an ingredient in most of the company’s products, was forecast to trend higher. He, therefore, ordered more than two (2) months’ supply of coconut oil, buying from several vendors who offered the lowest prices. When the coconut oil price indeed increased daysContinue reading “The Benefits & Pitfalls of Commodities Trading”
Tag Archives: pandemic
Why Does It Take So Long?
I looked at the bottom of a dog food can at the pet shop to check its expiration date. It said “10/26/2026,” but the production date said “10/27/2023.” I concluded the dog food was safe as I bought the can of dog food on May 25, 2024. I thought, however: why was the production dateContinue reading “Why Does It Take So Long?”
Beware the Aggravation in Addressing Our Problems
Does it seem like there are more aggravations in our lives than ever before? Aggravations are facts of life for us humans. For most of our history here on Earth, we have had our share of aggravations. We’ve gone through wars, plagues, invasions, natural disasters, famines, and economic distresses. At a tad lower level, we’veContinue reading “Beware the Aggravation in Addressing Our Problems”
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”
The Order-Winning Operations Strategy
We, whether we are executives, entrepreneurs, or employees, face challenges and disruptions every day. Most of us have goals or at least have things we want to realise or get done. We hate it when we run into obstacles. We therefore develop strategies to anticipate and overcome them, if not get around them. Goals areContinue reading “The Order-Winning Operations Strategy”
Supply Chain Engineers Have Much to Offer
‘There were nearly 2.2 million mentions of “supply chain” on Twitter in the fourth quarter of 2021, some five times more than in any quarter in 2019, before the Covid-19 pandemic…’ Global supply chains were a mess in 2022, so it seems when one reads any business news article or video that year. SinceContinue reading “Supply Chain Engineers Have Much to Offer”
Don’t Forget Productivity in Promoting Resilience
When the coronavirus pandemic in 2020 catastrophically caused a sudden global economic recession, enterprises went on the defensive to keep their businesses afloat; executives promised stakeholders they would transform their organisations to become more resilient. Risk management was the popular precursor to resilience. In risk management, managers laid out possible threats and prepared for them. Continue reading “Don’t Forget Productivity in Promoting Resilience”
A Reminder to Walk Around
I finalised a contract to lease an office unit to a new tenant in February 2022. I obliged to give the tenant two (2) free months of rent or up to the end of March 2022 to allow him to make improvements and buy & move in his furniture & equipment. I didn’t see theContinue reading “A Reminder to Walk Around”
When Increasing Capacity Becomes a Priority
One Sunday morning, a homeless woman at a traffic intersection was approaching cars and begging for alms. Some drivers give but most don’t. But the woman persists anyway; she shows a sign saying she’s homeless and asks for money for food. I thought as I observed the homeless woman: if the government could spend soContinue reading “When Increasing Capacity Becomes a Priority”
Lessons Learned from E-Commerce
December 28, 2020. We ordered the food but couldn’t find the riders to deliver them. Our family of cousins, uncles, and aunts couldn’t be together for New Year’s Eve. Reunions and parties were not allowed in lieu of ongoing restrictions brought on by the CoVID-19 pandemic. Instead, we ordered food from a food shop andContinue reading “Lessons Learned from E-Commerce”
Ellery's Essays 