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Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. Reward teams for cross-functional metrics. What did we find?

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Misnomer

Supply Chain Shaman

They had seen my videos on the website and needed a speaker for their global kick-off meeting. The team was organized around the functional silos of source, make and deliver. Proudly, I had led my division to have the lowest manufacturing costs with the highest Return on Assets. It was a large multinational company. I was wrong.

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National Barcode Day 2022

Enterra Insights

The following video provides a quick lesson about how barcodes work. This gives a business constant access to up-to-date data, allowing it to quickly calculate meaningful metrics like inventory turn, value of inventory on-hand or sales per week by item.” ”[3].

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Is Inventory Waste or an Asset?

Supply Chain Shaman

Cycle stock is the management of stock required to cycle through production runs and procurement buys effectively. There are two buffers in the supply chain: inventory and manufacturing capacity. As assets become more and more utilized manufacturing loses the ability to buffer volatility through manufacturing capacity optimization.

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Podcast: Rob O’Byrne on Digital Transformation, Sustainability, and Diversification in Sourcing

Requis

He provides a wide array of educational content for supply chain practitioners, including the Supply Chain Secrets channel on YouTube and a number of books, including his latest, Supply Chain Secrets. Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course.

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Cost to Serve Analysis—And the Costs of Neglecting It

Logistics Bureau

Potential Factors in Declining Margins To get to the root of the problem, understanding the costs of production or purchasing will be a necessary starting point, but typically, more information will be needed. Some customers are very good at finding loopholes to reduce their purchasing costs.

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Offering Prayers While Looking Down the Barrel of a Gun

Supply Chain Shaman

In 2008, the company manufactured 2.5% PCA’s customers were larger food manufacturers. The manufacturers sourced the peanut butter primarily on cost. There is no focus on payment based on outcomes or purchase at the point of consumption. The presentations, videos and pictures are now posted.