Change in Economies The unexpected is to be expected through supply chains. Companies that invest in mapping, monitoring and risk management for their supply chains provide a better understanding of their own capabilities to effectively respond to challenges with supply. But what of future changes to individual economies, regions or globally? These uncertainties will occur, but when and with what … Read More
Providing Value is the objective through supply chains
Of Value Value is something that most people in business expect when buying products and services. At the corporate level, the thoughts are about monetary value. But it is also necessary to think of value in a sense of being beneficial or useful. And this is an important role for a Supply Chains group when, for example, providing ‘in-full and … Read More
Risk Analysis of your Supply Chains is a critical need
Uncertainty and Risk Although organisations that supply materials and components are theoretically linked with their suppliers and customers through supply chains, actions taken by parties in a supply chain are typically independent from those of other enterprises. These outcomes from an event are both Emergent and Cumulative, which cannot be predicted with any certainty. And, little or no control over … Read More
Demand Flow and Supply Chains make a Value Chain
Value in a business The Aim of a business is (or should be) to provide value for customers and end users. Value is the benefits a product (or service) offers its users and the level of satisfaction for the money spent. The challenge is to build value against competitive offerings and to identify and implement an improved value proposition. To … Read More
Lower cost of ownership for AI use in Supply Chains
A news item about AI The recent news item that few people will have missed was the launch of DeepSeek, an artificial intelligence (AI) tool set for use in commercial environments. Its total cost of ownership is reported to be substantially lower than the cost of currently available AI products developed in America. This announcement provides a long-term benefit for … Read More