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Meeting Supply Chain Mistakes MetaExperts
We all learn from our mistakes. But it’s always better to learn from the mistakes of others. The following short supply chain stories each have something to help the Supply Chain Manager. Lesson 1: Priorities differ – a disaster for one business can be a success for another. One of the most pressing decisions supply chain managers face daily is how much inventory to order? It’s a “goldilocks” sort of target: Not too much….but not too little…but just right. In other words, managers try to avoid spending too much without creating a shortage of inventory in case things get tight. Most companies have different priorities at different times. Take, for example, the time a famous hotel brand created a champagne disaster during new year celebrations. Likewise, when a restaurant runs out of the main ingredients that constitute its flagship offering. Customers either “go with the flow” or go…to competitors.   …
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New Year New Business Changes
Things are definitely different and big changes are in the air. But do not despair We are about to close the book on 2019 and open up on 2020. Somehow, the symmetry of the number gives it a special feel. Indeed, all of us are quite aware that these are “special” times and just about anything seems possible; both good and bad. But life goes on and our species continues to be challenged by our own complexities. The following is a list of what a recent survey elicited from a random group of business leaders on what was felt to be the main concerns in order of priority.   Political changes   2020 promises to be an exciting year in global politics, from the impact of Brexit to the United States presidential potential impeachment and election in November. An uncertain political climate can often impact business, as it can lead…
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