It’s common to find topics around supply chain optimization on the agenda of board meetings – in fact, over 85% of senior executives say that refining supply chain performance is one of their top priorities. Why is that? Well, a lean supply chain process is crucial to maintaining profit as well as happy and loyal customers. If you’re new to the planning and logistics side of business, or simply wanting to understand this process better, I wrote this quick guide to help you get a handle on basic best practices for supply chain management (SCM).… Read more about Supply Chain Management: An Introduction and Guide to Increasing Performance
How To Buy Your Way To Better Profits!
CEOs are becoming increasingly aware of the value a great procurement function can bring to their business. And report after report of massive cost reductions or improvements in quality and service, as well as faster time to market indicates that such interest is well warranted. Great procurement organizations work collaboratively with other functions and with their suppliers to drive broad improvements in total costs. However, in order to be most effective these organizations are ensuring they have the best talent arrayed against each strategic segment of procurement expenditures, even if they have to outsource some portion of their function. The leading organizations also recognize that information is more important than organizational structure, thus their technology investments are focused and frequently deliver value upon implementation, unlike many other misguided procurement automation efforts. Finally, these groups recognize that they are unable to build a competitive business without competitive suppliers, and make every effort to ensure relationships are such that the total system wide cost are being reduced collaboratively, for in so doing, these partnerships can deliver the greatest improvements in procurement.… Read more about A Guide For Improving Procurement
PROCUREMENT CONTINUES TO BE A VERY FRUITFUL SOURCE FOR COST REDUCTION YET MANY PROCUREMENT ORGANIZATIONS FAIL TO ACHIEVE THEIR POTENTIAL BY MAKING ONE OR MORE OF FIVE COMMON MISSTEPS.… Read more about Improving Procurement – Part 2
What To Do To Get That Procurement Improvement?
CEOs are becoming increasingly aware of the procurement function can bring to their business.
Procurement continues to be a very fruitful source for procurement organizations fail to achieve their potential by making one or more of five common missteps.
Companies delivering the greatest value out of procurement each adopt five practices… Read more about Procurement Improvement At Your Fingertips – Part 3
Mathematics, rightly viewed, possesses not only truth, but supreme beauty — a beauty cold and austere, like that of sculpture, without appeal to any part of our weaker nature, without the gorgeous trappings of painting or music, yet sublimely pure, and capable of a stern perfection such as only the greatest art can show. The true spirit of delight, the exaltation, the sense of being more than Man, which is the touchstone of the highest excellence, is to be found in mathematics as surely as poetry.Bertrand Russell (1872-1970), The Study of Mathematics
It was probably the color blindness! Having great difficulty documenting dissections or chemical reactions, I found myself gravitating away from Biology, Botany and Chemistry and towards Mathematics at an early age. Colors were difficult to discern, and those courses seemed more subjective and analog. Mathematics is ordered, reasoned, logical, objective and digital.… Read more about Mathematics Is Beautiful