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.
“Managing by the Numbers” is a tired phrase. Really, it is. “You can’t manage what you don’t measure,” is a phrase that we all hear, and we all say it like a prayer that a nun murmurs while counting rosary beads. Many people argue about who said it first, Peter Drucker or Edward Deming. We…
Reuters reports that after record orders, Airbus is reshaping for higher output, while its procurement chief deepens the use of auto methods in their supply chain. The transformation underpins one of the toughest challenges faced by Airbus in its 44-year history: switching to a new model of best-selling A320 at the same time as embarking on…
ByTED
Curious journalist, Rose George looks deeply into topics that are unseen but fundamental, whether it’s sewers or latrines or massive container ships or pirate hostages or menstrual hygiene. In this revealing TED talk, we are reminded of how almost everything we own and use, travels to us by container ship. This happens through a vast…
I see many questions asked regarding the development of a BE /OE/CI/LSS (Business Excellence Operational Excellence/Continuous Improvement/Lean Six Sigma) program. There is no right or wrong answer since every business is different. However, I wanted to share my experience, thoughts and some options as it relates to multi-national organizations. Hopefully you will find them useful….
I believe it might be safely said without debate that the most important date in the history of Supply Chain and Logistics is April 26th, 1956. This is the date that the SS Ideal-X set sail from the Port of Newark in New Jersey (USA). Five days later, when it arrived in the Port of Houston in Texas (USA), marked the beginning of…
People are naturally seduced by a “deal”. We gravitate to signs in stores and on billboards that proclaim, 50% off” or “Buy-one Get-one”. We like to think that we are paying far less for something that we have a right to – that somehow we got the “better” of our opponent. We take a smug…
