Tag Archive: risk

Keeping an Eye on Global Markets

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If there ever was a strategic topic of critical importance no matter your position in the supply chain, it is keeping an eye on global markets.  We’ve worked with clients who ONLY source materials, components and products from U.S.-based suppliers.  Yet, even they must pay attention to global markets to thrive.  Are you making this a priority? There are countless reasons to stay informed of global markets.  First and foremost, we live in a global society. It isn’t practical to go through a day without coming into contact with products, services, people, currencies and more from around the world. A…
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Are You Thinking About Cyber Security?

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Cyber security has taken over the news and trade magazines lately as risk levels are elevated and cyber crime is a real threat. Are you developing strategies to address cyber security concerns? It is no laughing matter as you listen to what could happen…. Tonight, we attended a ProVisors (group of trusted advisers) cocktail reception. In two hours, we ran into multiple people who talked about the relevance and risk associated with cyber security. If you aren’t thinking about these questions, you should sit up and pay attention: Does your company have the appropriate security and protocols in place to fend off hackers? If…
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Drucker Supply Chain Forum Executives Share What They Look for in Supply Chain Professionals

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What are executives looking for in supply chain professionals? That was the topic of the panel I participated in at the Drucker Supply Chain Forum with executives from the Walt Disney Company, Source Intelligence, Intelligent Audit and CSCMP. So, what is the consensus? Broad knowledge– Supply chains are global and more complex in today’s world. Thus, a broad and diverse set of skills is required to be successful in the field. If you have the opportunity to try a new area you wouldn’t have requested, give it a shot. You might just enjoy it. Worst case, you’ll have built skills that will come in…
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Hot Topics in Supply Chain Management?

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One of the reasons we attend the APICS International Conference is to understand what is trending in supply chain today. Which topics are “hot”? Logistics – APICS’ new certification, CLTD (certified in logistics, transportation and distribution) is the hottest ticket in town. Not only were there many educational sessions about these topics, the APICS Inland Empire chapter gets inquiries every week about it. In today’s Amazon-impacted world, logistics is cornerstone to success – how else will you deliver exceptional customer service rapidly and cost-effectively? SIOP (Sales & Operations Planning) – this is near and dear to my heart as a…
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Inventory Management Remains Core to Success

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No matter how many engaging conversations I have with clients, contacts and trade groups about emerging supply chain trends, the less exciting topic of inventory management oftentimes can deliver a higher value than the latest and greatest most-talked about trend. As the Programs chair of APICS Ventura chapter said when requesting this topic for a recent speech, inventory management is core to success and remains a timeless topic.   This prompted me to think about what I see across all types of clients: Whether a $5 million fast-growing manufacturer in the building products industry, an $80 million dollar food processing…
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