The 10 Must-Read Supply Chain Blogs for 2019

Missing out on the most current trends or what the forward-thinkers are writing about in supply chain? Want to read more case studies on the sales and operations planning process?

The big picture is this: Worldwide, the supply chain industry is a big business. In fact, Harvard Business Review reports the U.S. supply chain employs 44 million people.

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Make Your Supply Chain a Lean, Mean Fighting Machine

Developing a lean supply chain should be a top priority for any business. A lean supply chain is efficient and will take as few resources as possible to create maximum value. This sounds simple on paper, but when you apply this idea to sophisticated global chains of goods and services, things become much more complicated.

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Leverage Your Supply Chain Strategy to Gain a Competitive Advantage

The essence of business can be viewed as an organization's ability to deliver more value to customers than their competitors. In a global marketplace, this often manifests itself as constant downward pressure on prices, as each business struggles to maintain and expand on market share in the face of strong competition from both foreign and domestic competitors.

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Achieving a Higher Return on Assets: 3 Problems, 3 Solutions

Over the last 50 years, US companies have been battling a decrease in their asset profitability. Despite an improved economy, higher productivity from workers and technology, and larger profits, return on assets (or ROA) has been on a steady decline across the economy.

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Perspective: The New Uber of Analytics and Moving Along the Analytics Powered Decision-Making Curve

The Wall Street Journal recently published a report: Uber Should Share More Data with Cities, (Paid subscription required) which for this author, provides a further example for moving beyond traditional functionally based intelligence and decision-making into the broader, more prescriptive context of business or enterprise-wide decision making needs.

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How to Manage Supply Chain Risk and Ensure Continuity

Thomas Jefferson said, “With great risk comes great reward.” However, he failed to mention that with great risk comes the potential for great loss. Risk is not something only investment firms have to acknowledge. Every company, especially manufacturing companies with large supply chains, have the challenge of managing risk.

Because of the potential for loss, it is important for organizations to mitigate, manage, and handle risk in their supply chain if they want to ensure customer satisfaction, experience greater profitability and outcompete competitors. People running supply chains certainly know that risk management is important, but do they know just how important it is?

The data says no.

Previous studies have found that many supply chain executives are apathetic towards managing and assessing risk. For example, none of the organizations in the study use an outside source for assessing the risk in their supply chain, yet most organizations will bring in consultants for employee management, marketing, sales, and finance. A shocking 90% of organizations do not consider risk when outsourcing their production, which could have dramatic effects on the speed of their supply chain.

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Supply Chain Brief