Assumptions about a sales market Over the years, much has been written and spoken about the importance of an ‘accurate’ forecasts of sales. But what if the underlying assumptions about a market are wrong, in which case, forecast accuracy has little meaning. And its the Supply Chains group that must clear the debris left behind when reality strikes. This situation … Read More
Markets change so industries change their supply chains
Change in CPG companies Are disruptions to supply chains just caused by geopolitical, climate and natural events, because these can influence supply chains relatively quickly? What about changes to supply chains that are caused by changes within industries, that can take longer to be felt? An example is the Consumer Packaged Goods (CPG) industry, where products often carry a ‘use … Read More
Political promises and decisions about Supply Chains
Forecasts are always wrong For any forecast, always attach probabilities of them occurring. A current forecast is the threat to increase tariffs on all goods entering the US and for very high tariffs on goods from China. This was mentioned many times in the recent US election campaign speeches and has received much coverage in the media. As a repeated … Read More
Supply Chains group, Networks and Cyber Security
Digitalization and Cyber Security Commentators have made many promises that Digitalization – the conversion of work processes into digital flows, will improve visibility through supply chains, both within and between organisations. Much less has been said about the risks to supply chains. As more digital connectivity is implemented through supply chains, the higher is each organisation’s vulnerability to cyber-attacks. Cyber Security … Read More
Implement Supply Chains Planning systems that may fail
A familiar situation What is your response to risk in business? Would you buy an IT system with a high risk of failure? An article by the consulting firm McKinsey considered that more than 60 percent of supply chain planning IT transformation implementations do not achieve anticipated business outcomes and take more time and/or money than expected. This figure may … Read More