Supply Chains need to measure the accuracy of forecasts

Roger OakdenLogistics Management, Logistics Planning, Procurement, Supply Chains & Supply NetworksLeave a Comment

Planning and Risk Management

Forecasts are always wrong This statement is true, but forecasting helps to be less wrong. Forecasts of future sales will never be ‘correct’, but they can be made more accurate by using ranges in forecasts and measuring ‘forecast error’. The market demand (and supply) for an item is a ‘continuous variable’ consisting of multiple variables that interact dependently, independently and … Read More

Procurement using digital to be a strategic function

Roger OakdenProcurement, Supply Chains & Supply NetworksLeave a Comment

Improve from the basics

Repetitive tasks are poor in Added Value When repetitive tasks are automated, the staff working in Procurement have time freed to focus on analysis and decisions that can add value, unlike tracking purchase orders. In your organisation, what percentage of purchase orders raised in Procurement must be changed before the items are received? Typically, this will require repetitive tasks in … Read More

Logisticians able to think ahead about supply chain risk

Roger OakdenGlobal Logistics, Logistics Management, Procurement, Supply Chains & Supply Networks2 Comments

Climate change warning

Logisticians have a dual role. First, to effectively and efficiently provide availability of items for customers. Second is to think ahead about the potential disruptions to the organisation’s supply chains and how to mitigate the risks. With the second objective, Logisticians are dealing with unknowns, which are difficult to evaluate, both in supply chains and the wider environment. Complex Adaptive … Read More

Asia Supply Chains to benefit from new trade agreement

Roger OakdenLogistics Management, Logistics Planning, Procurement, Supply Chains & Supply NetworksLeave a Comment

Negotiation Agreement

Asia Region trade initiative The newly discovered importance of Supply Chains means that professionals can be expected to advise senior management and boards of directors concerning the longer-term supply chain influences on their business. One of the influences is a move away from globalisation to a greater focus on regions and sub-regions. Region development in Asia has been advanced with … Read More

Using Cloud technology for Supply Chain applications

Roger OakdenGlobal Logistics, Logistics Management, Procurement, Supply Chains & Supply NetworksLeave a Comment

Global network

Selecting the type of Cloud application Cloud computing is a valid technology approach for transmitting data and information through supply chains, but do not commence the discussion from the view of cost savings. Instead, evaluate the risk factors for your organisation to enable identification of the total cost. Software as a Service (SaaS) is a favoured business model among application … Read More