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Category Archives for "Supply Chain"

Use Monte Carlo Simulations To Quickly Model Costs And Influence Stakeholders

By Doug Hudgeon The Cost Reduction Tip Taking your business down to its lowest possible operating cost typically involves changing (usually simplifying) processes. When preparing a business case for changing your current processes, it is usually easy to nail down system costs but people costs are almost always problematic. Even if you believe you can […]

How Organizational Silos Can Ruin Your Supply Chain

Organizational silos are based on the division of labor, on organizing the labor in such a way that each individual specialized in what he/she knows best, so that it can all be integrated in such a manner that a cohesive whole which is created in the result is much better in quality and much cheaper […]

Dropping an Anchor – Strategic Thinking on Centralisation vs Decentralisation

The chief mate was on the forecastle with the bosun and 3 sailors preparing to anchor the ship. Master was on the bridge of the ship with the second mate, a helmsman and a lookout. The ship had just arrived in the pearl river delta after a long sea voyage, and this being the middle […]

Data DATA Everywhere – Not A Drop to Drink…

I had some personal experience in 1990 with the ancient mariners’ rhyme or The Rime of the Ancyent Marinere: Day after day, day after day, We stuck, nor breath nor motion; As idle as a painted ship Upon a painted ocean.

Ten Reasons Why Your Business Network is Your Business’ Net Worth, and, How To Make the Most of it?

The simplest definition of business is to sell or buy the goods or services. Though, It may define the trading style of the past centuries but now business is not that much simple. One need to compete strongly to stay in the market, to be the best in every sense and above all being a […]

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