Football teams watch game film to study what they do well and to identify what needs improvement. Likewise, companies must actively refine their PFEP game plans to position themselves for continued success.
The future of sports and entertainment management will provide new challenges and fan expectations, requiring creative solutions from event and facility planners.
Craft brewers who coordinate purchasing strategies with other local beer makers and stay on top of the spot buy market will reduce the risk of raw material availability and increase their buying power.
Being a leader in the supply chain industry means using every tool at your disposal, making smart decisions, and consistently executing to the best of your ability. This starts by being informed of, and staying up to date on, industry trends and news headlines, especially those relevant to your sector, whether your focus is motorsports or consumer packaged goods.
We recently sat down with Ryan Toon, Purchasing Program Manager at Ford Motor Company, to aid our efforts in assembling a list of the top habits every supply chain leader should aspire to exude.
Each month the Institute of Supply Management makes a calculation called the ISM MFG Index. The U.S. government takes this calculation very seriously, and many companies track it for future planning purposes. Making sure you know how to interpret this number can help you with that same purpose.
There are many certifications available for supply chain professionals looking to acquire the skill sets to address the complex supply challenges of today. Certifications also provide added credentials that can allow professionals to advance at their current companies or become more attractive candidates in the job market.
The best performing supply chain operations in the world didn’t start out as highly efficient profit centers. Through struggle and sometimes failure, leading companies have refined, adapted, and improved processes to meet the needs of the organization and customers.
In 1990 C.K. Prahalad and Gary Hamel published The Core Competence of the Corporation that to this day is the most reprinted article in the history of the Harvard Business Review (HBR). It keeps getting reprinted because its premise is still very relevant (perhaps more so today). This core competency article argues that every organization needs to focus all of its scarce, limited, and valuable resources (manpower, machines, money, management, and material – the 5Ms) on being the best at one specific thing (your core competency).
Supply Chain as a Service is a virtual supply chain team enabled by cloud software that supports all or part of a company’s supply chain operations. A virtual Supply Chain as a Service team partners with a company’s existing team to execute procurement, production control, manufacturing, quality, warehousing, and logistics projects or daily operations.
Actionable insights from IndustryStar on ways to expedite, optimize, and de-risk your supply chain operations.