SCM

Leadership / Supply Chain Management

Strategies to Mitigate Risks from Supply Chain Disruptions

What to do when faced with delays and problems in the supply chain? The high volatility in purchase delivery forces decision-makers to adapt their supply chain strategies. Managers have fundamentally four options to respond. These four critical approaches are: 1) Increase inventory from just-in-time to just-in-case2) Find a second (or third) source of supply3) Reshore production to the US or to regional suppliers4) Leverage…

0 Comments
August 29, 2022
Uncategorized

Dabbling in the Supply Chain

Getting serious with the Supply Chain? Nah! Let's play shenanigans. Squeezing small customers for "rebates" "Big businesses are pushing hard to wring profits out of the smaller companies that supply them with goods and services," reports The Wall Street Journal. Accounts receivables are prepaid by financial service providers against a fee, however, the customer (debtor) gets a cut on that fee, called rebate. While there…

0 Comments
July 25, 2022
Supply Chain Management / Uncategorized

Competive Advantage by Supplier

What is the role of SCM and Purchasing for innovation and competitive advantage? Today, many firms relegate SCM (incl. Purchasing) to a tactical level operating in a "silo." Because their mission is limited to one thing: efficiency in the way of low piece prices and operational cost. The result: The "pricing game!" Suppliers start high, buyers negotiate down, everyone gets a bonus, the price…

0 Comments
July 24, 2022