Tag

risk management

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 | One Comment

“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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