Supply Chains in your business Supply Chains are not new; they have existed since people commenced trading items for barter or money; but Supply Chains cannot be managed. Instead, consider them as a description of the environment in which the activities of Procurement, Operations Planning and Logistics (your Supply Chain group) are required to operate. A supply chain is identified … Read More
Value Chain has an increased focus in Supply Chains
Future viability for a business Value is the price that a buyer is willing to pay for an item. Added Value (AV) or Value Added (VA) is the difference between the price obtained by a business for a finished product made from purchased items and the price that the business has paid for the purchased items. VA is used to … Read More
A model for Supply Chains in the climate change future
Measuring non-financial improvements The disruptions through your supply chains since early 2020 have been a learning experience for what is due to occur by 2030 and beyond. In 2018, the ‘Intergovernmental Panel on Climate Change’ (IPCC) published its report on the impacts of climate change. It stated that to limit average temperature rises to 1.5C above preindustrial times, by 2030, … Read More
Procurement Risks now include more external risks
Additional Procurement Risks The experiences of the past 18 months with product shortages, supplier disruptions and shipping delays has highlighted the potential risks associated with your organisation’s supply chains. Risks are often evaluated from the perspective of dealing with a supplier; but this has been shown to be too narrow a view. The blogpost of June 1, 2020 identified the … Read More
Systems Thinking approach can help your Supply Network
Disruptions through supply chains Physical and on-line retailers in many countries are being impacted by shortages through their supply chains. These are caused by global disruptions that have been well documented in the media. Added to this are domestic disruptions, such as a shortage of timber materials for the construction industry in the US and Australia. The complexity of global … Read More