Tag

risk management

Florence Et Al.

By | Procurement, Risk management, Uncategorized | No Comments

This morning the Washington Post rang. The reporter wanted to discuss the implications of Hurricane Florence. The question was simple, “What will be the impact of Hurricane Florence on the supply chain?” The answer is not so easy. The implications are far-reaching. Quite simply no one knows. North Carolina, South Carolina, Virginia and Georgia sit squarely in the storm’s path. Each state has a rich manufacturing economy. The supply chain…

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How Can You Seize Opportunity If You Cannot Manage Risk?

By | Risk management | No Comments

Global growth is slowing to levels of GDP. Notice that the average growth for consumer nondurables (often termed household products) is 1.7%, as shown in Table 1. This is a far cry from the pre-recessionary growth rate of 6%. Public markets reward growth. As the rate of year-over-year revenues slows, companies attempt to grow through tactics. In consumer good supply chains, this includes new product launch, price incentives, and trade…

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Direct Material Woes: Seven Steps to Take to Improve Value

By | innovation, Procurement, Risk management, Supply Chain Excellence | No Comments

It is fall. The hot and humid days are giving way to cool and crisp weather. Today, as I type this blog post, the rain is softly falling on my windowsill. The wet streets below signal a shift in seasons. The seasonal rhythms link the threads of our life. As fall becomes winter, supply chain leaders are planning their budgets and building strategies for 2017.  With this in mind, in this blog…

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Supply Chain: The True Game of Risk

By | Risk management, Supplier development, Supply Chain | One Comment

When I was a small child growing up in the mountains of West Virginia in the United States, on snowy days my family would gather around the kitchen table and play board games. One of my favorites was the board game Risk. It was a turn-based board game introduced in the 1950s. Today, children would roll their eyes at the thought of playing a turn-based board game. The world has…

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Wanted: Supply Chain Architects!

By | Demand, Market-Driven, New technologies, Supply Chain, Supply Chain Excellence, Supply Chain Insights Community | One Comment

Forty years ago, as a chemical engineering student, I learned the tedious craft of chemical plant design. It was a world of heat exchangers, distillation columns, reactors, tanks, pumps, valves, and dryers. I liked the classes, and would spend hours talking to my professors about the design of the factory. Getting good at factory design is a merit badge of sorts for the chemical engineer. When I moved into industry,…

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Can You Take the Risk?

By | Demand, Market-Driven | 2 Comments

“This is not a supply chain process. It is a new way of doing business.” Financial Leader in Discussions on Demand Sensing In 2013, 80% of supply chain leaders had a material supply chain disruption. It was not just one. The average company had  three. Yet, in a study that we just completed, when asked about business pain, supply chain risk rates low. How come? It is new.  It lacks…

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