What is Demand Forecasting? Demand forecasting is the process of predicting future demand for a product or service. It is a critical aspect of demand planning, as it helps organizations […]
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The Pareto Principle – 80/20 Rule – Do More by Doing Less. The simplest way to describe the Pareto Principle is the 80/20 rule: 80% of the results come from
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What is a Supply Chain MBA and Should I Get One? Includes MBA Concepts. A Supply Chain Management MBA is a graduate-level degree program that focuses on the management and
What is a Supply Chain MBA? Includes MBA Concepts. Read More »
Understand Lean and Agile Supply Chain strategies. This video takes you through lean and agile supply chain strategies. It describes each and also describes a hybrid. This is a high
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A Plan Is Not a Strategy – Harvard Business Review. The statement “A plan is not a strategy” is a reminder that there is a difference between having a plan
A Plan Is Not a Strategy – Harvard Business Review. Read More »
Efficient and Responsive Supply Chain Strategies Listen what Walton College has to say about supply chain strategies. Efficient Supply Chain Strategies An efficient supply chain strategy is one that focuses
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Peter Drucker Quotes -“Father of Modern Management.” Peter Drucker is often called the “father of modern management” for his pioneering work on topics such as knowledge workers, decentralized decision-making, and
Peter Drucker Quotes -“Father of Modern Management.” Read More »
What is a Competitive Advantage? Competitive advantage refers to the unique advantage that a company has over its competitors that enables it to create and deliver value to its customers
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What is Supply Chain Postponement Strategy? Supply chain postponement strategy is a approach to managing the flow of goods and materials through a supply chain in which final product customization
What is Supply Chain Postponement Strategy? Read More »
The Balanced Scorecard – Simple explanation. The critical characteristics that define a Balanced Scorecard include: a focus on the strategic agenda of the organization/coalition concerned; a focused set of measurements
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