Commencing the Sustainability journey The reporting standards for Sustainability discussed in the previous blogpost provide a template for understanding and reducing the environmental, social and governance (ESG) effects that each business can cause. Although your business may not be initially required to report through one of the standards, your company’s customers may need to report and therefore will require your … Read More
Climate Change reporting standards include Supply Chains
The new reporting standards The term ‘Sustainable Supply Chains’ mean different things to different people. Not only by customers and suppliers in your region, but those in other regions that have different priorities and investment criteria concerning sustainability. To help organisations talk from the same perspective, there have been quite a few (and confusing) attempts to standardise reporting by businesses … Read More
Achieve improved Value Added through your Supply Chains
Value in Supply Chains A recent article that discussed value in supply chains, illustrated the ongoing challenge of using definitions in supply chains that all can agree. If basic definitions like Value Chain are inconsistent, then what hope is there for agreement on the multitude of new terms and ‘buzz words’ used in supply chains? Value of a business is … Read More
Supply Chains Operations financial performance measures
A CEO’s ‘inner sanctum’ At a recent industry event, a panel member whose consulting business advises companies on Sales & Operations Planning (S&OP), spoke about the ‘inner sanctum’ of CEOs. This selected group of executives meets when there is a situation that requires decisions that can seriously affect the business. The panel member’s experience was that only in about 20 … Read More
Business Plan requires Supply Chain inventory inputs
Inventory budget approach by Finance The Business Planning process, which includes budgets is typically controlled by Finance. How does Finance calculate the average value of inventory that the business can support? Is the Supply Chains group (Procurement, Operations Planning and Procurement) able to identify whether the figure provided by Finance is achievable? The Business Planning process is discussed in the … Read More