Management

Management (239)

Strategic Paths to Supply Chain Growth

It is no longer a secret that supply chains have evolved into a more complex industry that ever. This can be seen in the changes that have occurred in the socio-economic and market dynamics, all of which are aimed at enabling organizations to respond to changing customer needs and outside-in demand-driven environment. Companies must now consider a host of new variables, such as the increasing protectionism and geopolitics. These factors are forcing most of the global supply chain players to re-examine the business continuity plans and risks and embrace new strategies in their sourcing approaches that will guarantee them growth. A strategic supply chain planning that factors in aspects of formulation of business strategy as well as the tactical aspects makes a supply chain firm more valuable. Here are some supply chain strategies that are designed to help supply chain companies grow amid the current competitive business environment.

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Managing Supply Chain Disruptions During COVID

The past number of weeks have uncovered the weak links in our modern supply chains, further showcasing their delicate nature and highlighting the true importance of supply chain management. COVID-19 has disrupted supply chains worldwide, affecting key sectors such as technology, medicine, and food, to name a few. It has caused shortages in labour, shut factory operations, and slowed shipments. With a number of borders closed for the foreseeable future, export-driven nations look towards fighting a recession later this year. 

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To Better Understand Innovation, Measure the Right Things

After four years of research into innovation success, I have come to firmly believe that most innovation research is measuring the wrong thing … or at least is overlooking a critical unit of measure: the employee. To better understand how innovation occurs and how it can be sustained, we should be looking at the habits, characteristics, patterns of behavior, tools, and journeys of employee innovators. You will find that the people behind society’s greatest innovations were not entrepreneurs, did not work in organizations particularly supportive of innovative behavior, and were not led by leaders who really asked for innovation. So, what drives their innovation?

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Here's What The US Congress Is Working On To Protect The Supply Chain

Ever since September 11, the world has not felt secure. Governments have been looking for solutions to various challenges and brainstorming on where the next attack may originate from. The supply chain is one of the most vulnerable areas that attackers may gain entry to the US infrastructure. Consequently, the US Congress has been on the forefront seeking ways of protecting the supply chain from exploitation by hackers, state and non-state actors. Due to the advancement of technology, a slight mistake can be exploited by adversaries who might take advantage of it to cripple the country’s critical systems.

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Priming Your Business

Amazon has all but cornered the e-commerce market and now it hopes to do the same with B2B. Amazon introduced Amazon Business quietly back in 2015. Since then, they have slowly ramped up their business in the B2B sect with Business Prime. Business Prime is comparable to the popular Amazon Prime in the sense that organizations will have the ability to receive free delivery and purchase a plethora of products. That is where the similarities end.

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Measuring Supply Chain Performance

performanceEvery organization that wants to organize and manage their supply chain metrics must deploy some key performance measurement systems; this is because the average metrics needed for managing and measuring the success of an organization’s supply chain system varies by industry, company, and scale of business. 

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4 Ways to Create a Place Where Everyone Wants to Work

employeesWith unemployment continuing to hover at record lows, ‘employee retention’ has become an HR buzzword. The concept behind this term is very simple. It involves figuring out what you need to do to make your company the company where everyone wants to work.

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Did You Forget Your Cloud Security Must Be GDPR Compliant Too?

paulius dragunas 627082 unsplashWith the General Data Protection Regulation nearly a year old, the thought of compliance seems like a distant memory. However, in your company’s rush for compliance, the ramifications of unsuspected cloud security vulnerabilities might have gotten missed. Could your neck be on the chopping block if, during an inspection it got discovered, your company’s cloud security is weak and not GDPR compliant?

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It’s time for 2019 predictions

elena koycheva 774495 unsplashThe single biggest issue for US manufacturers is the uncertainty of the relationship with China and how tariffs will affect products, pricing, delivery, and costs. But that’s not to say there aren’t other issues to consider.

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6 Steps to Data-Driven Transformation

 maturingWe’re now well into the Fourth Industrial Revolution. The First Industrial Revolution was about steam and railroads, the Second about electricity, and the Third brought about by the Internet. AI, the basis of the Fourth Industrial Revolution, will completely change the way business is done and companies are run in the next five to ten years, just as the Internet has done in the last ten. The transformation will be bigger than that any previous revolution has brought about.

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