Measuring Supply Chain performance

The below figures illustrate how the performance of supply chain can be measured.

Supply Chain and Innovation

Innovation can greatly impact supply chain performance. Here are five aspects of the supply chain that can be innovated to meet consumers’ needs and save on costs:

1. Design for manufacture: Design the product to make it easy to produce, thereby reducing the costs of manufacturing.
2. Design for assembly: Design the product to minimize the number of components, easing the assembly process. Often, this results in building subsystems that are easier to put together.

Impact of Technology on Business Operations

To run a business function that achieves optimal results, the importance of the following key technologies cannot be overstated:

• Analytics:
  • Predictive analytics are used to identify leading indicators of key performance goals, then the KPIs are monitored to provide an early warning capability.
  • A metrics hierarchy can provide a roll-up of the key performance and risk indicators, using root-cause analysis models to determine the reason for a change in performance.
  • Constraint-based optimization is a technique for continuous improvement in supply chain operations.

GenOps + Luxury Club = LuxOps

When GenOps and Luxury club met for a collaborative session to learn and share information. 

10 Supply Chain Trends To Look Out For

1. Service chains will become more important than product chains. 

In many if not most business sectors today, great product is considered to be the table stakes just to play the game. Increasingly, discerning consumers are demanding more from pre- and post-sales service for the goods they buy.

Accordingly, companies that effectively couple the pre- and post-sales service supply chain activities (including product knowledge, in-store service, warranties, responsive consumer services, and the like) will emerge as the winners over their solely product-centric competitors.

Indian Logistics Industry: Current Scenario and Future Outlook

Logistics is regarded as the backbone of the economy, providing efficient and cost effective flow of goods on which other commercial sectors depend.  Logistic industry in India is evolving rapidly, it is the interplay of infrastructure, technology and new types of service providers, which defines whether the logistic industry is able to help its customers reduce their costs in logistic sector and provide effective services.

5 cutting-edge retail technology trends

As retailers rev up for their busiest shopping season, they know some things never change: Holiday deal-seekers will race like mad through store aisles for the best Black Friday deals. Last-minute shoppers will wait until December 24 to make their purchases. Crowds will swarm stores the day after Christmas in a whirlwind of gift returns. 

Spend Less Time on Process, More on Cost Analysis

Procurement teams get a chance to shine when their company is making its most expensive purchases. They are often highly complex deals that will have a big impact on core business operations and require a high level of risk assessment and protection.

Teams invest significant time and resources to understand the reasons behind why the vendor is charging the costs it is, and also where this provides good value for the buyer. When Procurement spends this kind of time on a deal, it has a good understanding of where to push suppliers on costs, and where to spend a little extra to avoid deficiencies like quality failures.

Digitization Should Be a Revolution, Not an Evolution

Digitization is upending all parts of the world’s companies, from the nature of the goods and services they produce, to the way they provide them to customers, to the operations they use to make and sell their products.

Corporate functions are at the center of all this change; not only must they use their expertise to help their companies take advantage of digital trends (such as IT, strategy, and R&D teams) but they must also harness the opportunities this gives them to make the own teams more efficient and useful. For instance, less than two years ago, 70% of shared services teams said they hadn’t done any work with robotics — today, just 17% of functions fall into that category, according to CEB data.

6 Steps to a Successful Strategic Plan

 These Six steps will help managers create and communicate a strategic plan that aligns Procurement’s strategy with business priorities and secures executive buy-in.

1. Lay the groundwork: Start by setting expectations for the planning process. Determine who will need to take part and what their responsibilities will be — or what you’ll need from them.
   Typically, the chief procurement officer (CPO) will need to define and set the objectives and action plan, the CPO’s direct reports will need to build project proposals and estimate resource requirements, and category managers should conduct planning analyses and provide process- and activity-level input.
   You should also note stakeholders from outside Procurement that you’ll need to work with: for instance, the CEO or executive committee will need to approve the strategy and key investments, and Procurement will need to ask business unit leaders for their input on business strategy and on Procurement’s current performance.
   

Mr.Sunil Naik, Director of HR at DHL

Mr. Sunil Naik, Director of Human Resources at DHL Global Forwarding, paid the campus a visit for a session with the students of PGPB6. Through his vast industry experience, Mr. Naik has handled multiple functions in fields such as healthcare, retail, oil & gas and logistics. He's an alumnus of XLRI - Xavier School of Management, Jamshedpur.

Session 7

Our very 1st session of the 2nd trimester did strike the right chords with discussing topics that have substance in them. 

1. Abhishek Iyer took us to a long tour of the theory of constraints covering the below modules

• Analysed the concept of constraints and their behavior 
• Elaborated on Drum – Buffer – Rope 
• Demonstrated with an example - Box of candies
• Explained the types of plants Viz. V-A-T-I

2. Rishi presented on Omni channel Retail Management that covered,

•  Impact of supply chain on OCR
•  Benefits of Omni channel retailing
•  IBM on order management  

To Do :- 

The new entrants to GenOps club have been assigned a case to come up with feasible solutions. 

Inventory Management

Rajamahender(PGPB6), in his in-depth research on Inventory Management has found some startling revelations on IM. He is destined to contribute a series of columns to our GenOps Club. The 1^st outing deals with the fundamental concepts of Inventory management and its value added to the operations management.  

Release – 1

Inventory Management

In any business or organization, all functions are interlinked and connected to each other and are often overlapping. Some key aspects like supply chain management, logistics and inventory form the backbone of the business delivery function. Therefore, these functions are extremely important to marketing managers as well as finance controllers.

Role of Blockchain in Supply Chain Management

In this two-part article, the author focuses on exemplifying the role of blockchain and fitting the same into SCM

Author :- Hardhik Potharaju, PGPB6.

 Imagine a world where you do not have to go through the hassles of getting your passport stamped at immigration in an Airport or get your license renewed without going to the government office. Better yet there may not be any need to go to a bank to make an international money transfer. All of this will soon be a reality, at least in Dubai. Because the UAE government is aggressively adopting the blockchain technology to ease the lives of residents.

Session #6

Guess what it takes to steer a session...!! Passion, pure passion. And we GenOppers carry it in tonnes and tonnes to learn and to share knowledge. Weekly sessions are our way to increase the pool of knowledge.

Highlights:- 

1. Based on the previous work experience of the club members, IT/Manufacturing/General      Management industries have been identified of them. 
2. Club members were segregated into 4 groups for deciphering cases and debate on the same. 
3. Chirag of PGPB6, explained the concepts of Forecasting that included Types of forecast, Methods of forecasting, Error correction methods, KenO Model and Trend | Seasonality | Cycle. 
4. A case has been circulated for discussion in the next session. 

Keep the momentum flowing | Thank you GenOppers  

The complete collection

Hola!! 

GenOppers, 

We bring you the ultimate collection of books that we ought to lacerate leaf by leaf. 

1. Supply Chain Management  SCM- 4 books
2. Inventory Management   1.IC&M   2.ICM Alternative
3. Logistics and Distribution   1. Logistics   2.Logistics by david waters
4. Production Planning & Control  Matching demand & supply
5. Total Quality Management   TQM
6. Service Operation Management  Service Ops Mgmnt
7. Strategic Management  SM - total collection
8. Operations Management OpsForLife

Hawk's eye!

Operations Management

In a nutshell, the management of the efficient transformation of inputs into outputs to suitably satisfy customers. Inputs are materials, labor, capital and management. Outputs are products or services, which customers want and often pay for. 

And the story doesn't just end here, many twists & turns - subjects & concepts. But the logic is simple, very simple. 

See opportunities to improve operations.

Diagnose the problems and barriers to creating value.

Design effective and efficient solutions.

Apply concepts to solve client issues. 

If there is hardly any scope for improvement, change the way it works - create a new mechanism and call it "my kid". 

Here we feed you the core subjects of Operations Management.

1. Supply Chain Management
2. Inventory Management 
3. Logistics and Distribution  
4. Risk and Decision Analysis  
5. Production Planning & Control
6. Total Quality Management 
7. Service Operation Management

Please find the links of the above subjects in the Study Material zone.