Economic situation is changing The future is unknown, although some commentators attempt to guess ‘megatrends’. So, looking into the future could be considered as a ‘time wasting exercise’; but that is not so. A better proposition for supply chain professionals is to obtain a clearer understanding of the most likely future trends in global supply chains and be flexible in … Read More
Climate Crisis Adaptation actions for Supply Chains
Is the Climate Crisis a high priority? Despite claims that responding to the Climate Crisis is a high priority in boardrooms and for senior executives, some surveys are indicating this opinion may not be correct. If so, it is the Supply Chains group that will feel the effects, because they are expected to ‘fix’ any future climate induced disruption in … Read More
Resilient Supply Chains start with the Risk Evaluation
Resilient supply chains Becoming a Resilient business is a popular topic in articles about supply chains. But, to become more Resilient requires a process to be followed, which also provides supporting evidence for the actions taken. Resilience is the ability of core supply chains to reduce the impact of disruptions and recover operational capability after disruptions occur. The Supply Chains … Read More
Misunderstandings about terminology in Supply Chains
Terminology is a challenge A challenge when developing your organisation’s Supply Chains Network Map is the terms to use that describe your intentions. The first part of the challenge is that you will need to build your own dictionary of terms, which is then understood and approved by the senior management group. The second challenge is deciding which of the … Read More
Planning in Supply Chains is due for an expanded role
Planning is not well understood Because Planning considers the future, the answers generated will not be ‘correct’ to three decimal places, but that does not make planning less important. It is the process of planning that has the greatest value. It involves collaboration by the affected parties, using agreed definitions and the same data to achieve agreed outcomes concerning the … Read More