A supply chain is a network of facilities that procure raw materials, transform them into intermediate goods and then final products to customers through a distribution system. It refers to the network of organizations, people, activities, information, and resources involved in delivering a product or service to a consumer.
ByHBR.org
According to HBR, it’s high time for European and American companies to rethink their Supply Chain Strategies. For too long they have been concentrating on their manufacturing in East Asia to reduce costs by exploiting labor-arbitrage opportunities, but in the face of new political and economic uncertainties, they are urged to make their supply chains much more resilient….
Non-arguably, supply chain has undergone a tremendous change over the last 3 decades or so. Its focus has shifted from a purely operational logistics function to a wholly independent supply-chain management function. Moreover, digitization creates a disruption nowadays and requires companies to rethink the way they design their supply chain. To cope with changed requirements, and enable…
Manufacturing Excellence on the up in CEE CEO Manufacturing Magazine and EuropaProperty.com have successfully completed another CEE Manufacturing Excellence & Industrial Property Awards for the 4th year in succession. Held in Warsaw’s Intercontinental Hotel, the awards ceremony was witnessed by a select group of senior European and Central European Manufacturing professionals; affirming the event’s status…
This is an interview with Jostein Solheim, Chief Executive Officer and Ben and Jerry’s Homemade Inc Companies that commit to radical transparency and shared prosperity gain loyalty and increased profits, as consumers begin to buy from companies that share their values. Jostein Solheim is Chief Executive Officer, Ben & Jerry’s Homemade Inc. and Chair, CEO…
Whilst few within supply chain would argue against the concept and its potential benefits, there are barriers. Research carried out across leading manufacturing companies within the U.S.A showed that whilst 90% considered themselves as lean, only 20% extended deployment beyond the shop floor. Within the supply chain the main barriers were identified as: Perception that…
At a high level, a supply chain’s structure defines critical factors affecting optimal target inventory levels – factors such as replenishment lead time and variation, customer demand and variation, and replenishment frequency. Supply-chain structure is fundamental to optimal overall financial performance. Still, to achieve target service levels reliably with minimal inventory and expediting, we must…
