One mistake enterprise owners make is to use the wrong supply chain strategy for their products. The effects can be costly. The following are some true-to-life cases: Many enterprise owners hire executives or engage consultants that have no knowledge or experience about the products they will work with. In many cases, the executives or consultantsContinue reading “Avoiding the Wrong Supply Chain Strategy”
Tag Archives: planning
The Real Value of Demand Forecasting
“We start our planning with the forecast.” This is what I’ve heard in the last three (3) organizations I’ve engaged with. These three (3) organizations often started their Sales & Operations Planning (S&OP) meetings with a comparison of forecast versus actual sales data. In most cases, the actual sales data didn’t come out close toContinue reading “The Real Value of Demand Forecasting”
The Key to Managing the Future is to Anticipate It
We do a lot to foretell the future. Organizations and individuals invest heavily in analytics and software to know what tomorrow will bring. Some offer great potential as in the case of Google’s investment in artificial intelligence for wind energy. But just as much as it may be worth it to foretell the future, itContinue reading “The Key to Managing the Future is to Anticipate It”
Building the Entrepreneur’s Business via Supply Chains
All businesses begin from entrepreneurship, in which creative individuals turn ideas into profitable realities. There had been many who tried their luck as entrepreneurs. Many failed; some succeeded. It didn’t matter if the products or services entrepreneurs introduced seemed mundane or looked grandiose. What mattered was that entrepreneurs worked hard to develop their ideas intoContinue reading “Building the Entrepreneur’s Business via Supply Chains”
A Supply Chain Vision with Specifics Would be a Remarkable Feat
Building the supply chain which we & our partners want begins with envisioning. We define a future state for the operational links between our enterprises and our suppliers, service providers, & customers in which we aim to achieve mutually beneficial strategic goals. A vision for our supply chains is not only a narrative about whatContinue reading “A Supply Chain Vision with Specifics Would be a Remarkable Feat”
The Challenge of Working Together in Sales & Operations Planning (S&OP)
Many of our enterprises do Sales & Operations Planning (S&OP). And each of us does it differently. Because we each have our own way of doing S&OP, the results vary from one organisation to the next. It’s no surprise, then, that there would be criticism over S&OP. The absence of uniformity drives us to compareContinue reading “The Challenge of Working Together in Sales & Operations Planning (S&OP)”
The Three (3) Supply Chain Cycles
Supply chains span from sources to users, passing from one enterprise to the next. And we cannot manage supply chains on our own. We need to work together with vendors, customers, and service providers in procuring, producing, and delivering the goods & services. We, perhaps, see supply chains and our individual place in them likeContinue reading “The Three (3) Supply Chain Cycles”
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”
Comparing Supply Chain Management versus Supply Chain Engineering
What’s the difference between supply chain management (SCM) and supply chain engineering (SCE)? Supply chain management is the management of people, structures, & systems that underlie the relationships of functions which enable the flow of merchandise & services from their sources to their destinations and users. SCMs work with existing systems & structures as theyContinue reading “Comparing Supply Chain Management versus Supply Chain Engineering”
Managing Performance
We as supply chain managers typically oversee the following: It’s all part of our job to be perfect in serving customers and productive in meeting the standards of our superiors. We manage demand to synchronise supply. We manage inventories to make available products & services and make sure we don’t have too much (or tooContinue reading “Managing Performance”
Ellery's Essays 