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Most companies use inventory turns alone to measure leanness. But a method that considers economies of scale and industry-specific relationships between sales and inventories will provide a more accurate assessment.
Misconceptions about managing talent abound. Here's why you shouldn't buy into them, and what you can do instead to get more from your most critical supply chain resource—people.
Find out how five elements of agility taken from sports and military science—alertness, accessibility, decisiveness, swiftness, and flexibility—play out in the supply chain world. Then try this quick self-evaluation to learn how agile your own supply chain is.
Logistics costs accounted for 8.3 percent of U.S. GDP last year, according to the annual report issued by the Council of Supply Chain Management Professionals (CSCMP).
Talent-retention and succession-planning strategies from the world of professional sports can help supply chain organizations ensure strong leadership for years to come.
Africa's economies are growing, but poor infrastructure and difficult business conditions persist. Creative, flexible approaches to supply chain design and execution can help companies overcome these and other challenges.
Companies that fail to take a holistic view of infrastructure—the physical and informational assets required to run a supply chain—sometimes make capital-investment decisions that are detrimental in the long run.
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