A new ‘buzz’. Over the last eighteen months, the term ‘consumer-centric network’ has been used by some commentators and consultancies. So, what is new, because whenever there is competition for sales of an item or service, the customers’ needs should be taken into account. The explanation is that in current value and supply chains, the consumer is positioned at the … Read More
Where will future logistics hubs become established?
What makes a Logistics Hub? To have a city known as a ‘logistics hub’ is a goal that many politicians strive for. They believe it will bring wealth to the city and its region; but through the centuries, logistics hubs (even without that name) have risen and disappeared, so how do you know where future hubs will be? In late … Read More
A strategic Supply Chain model for your organisation
No supply chain view in your business strategy. Does your organisation have a strategic business plan that incorporates the supply network? If the answer is no it is not surprising, because few companies have a strategic plan that includes this critical part of the business. The reasons often put forward are: The three elements that should be the core of … Read More
Assess your supply chain risks before taking action
Your assessment of risk. The main difference between uncertainty and risk is that risk can be measured. Once measured, decision makers can assess the importance of one risk against another and if necessary, allocate resources to reduce either the likelihood of the event occurring or the consequences if it does occur. The assessment of a risk is influenced by the … Read More
Placing your supply chain risks into categories helps
Next step in managing risks. In addition to identifying supply chain risks within each classification, discussed in my previous blog, you need to broadly categorise them. This provides a view about the amount of analysis required. There are categories of risk between certainty and ignorance: Certainty: in reality, you rarely meet situations of certainty. The closest could be depositing money in … Read More