Supply Chain Optimization.
Supply Chain Optimization is key in making a supply chain organization more efficient and productive. A company can use technology for optimization but don’t forget to improve processes as well. Using technology to optimize processes may take awhile and will cost a significant amount of money. Be sure to first look into ways to improve the current process by taking out wasted steps. Here are some great continuous improvement resources to take out waste. Also look into the process discipline of the organization so the information going into your supply chain system can be fully utilized for your supply chain optimization projects.
SCM Training
- Analytics and Big Data Quotes.
- Developing Supply Chain Strategy.
- Porter’s Five Forces – Business Strategy and Execution.
- SCM and Strategy Key Concepts.
- Strategic Role of Demand Management in Supply Chains.
- Supply Chain Top Companies.
- Supply Chain Inventory Optimization.
- Understanding AI in Supply Chain.
Supply Chain Optimization Quotes
- “The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.” ~ Bill Gates, founder and former CEO of Microsoft
- “SpaceX is only 12 years old now. Between now and 2040, the company’s lifespan will have tripled. If we have linear improvement in technology, as opposed to logarithmic, then we should have a significant base on Mars, perhaps with thousands or tens of thousands of people.” ~ Elon Musk
- “For the blue-collar worker, the driving force behind change was factory automation using programmable machine tools. For the office worker, it’s office automation using computer technology: enterprise-resource-planning systems, groupware, intranets, extranets, expert systems, the Web, and e-commerce.” ~ Tom Peters
- “The human being is a very poorly designed machine tool. The human being excels in coordination. He excels in relating perception to action. He works best if the entire human being, muscles, senses, and mind, is engaged in the work.”
~ Peter F. Drucker - “Excellent firms don’t believe in excellence – only in constant improvement and constant change.” ~ Tom Peters
- “In Japan, a company worker’s position is secure. He is retrained for another job if his present job is eliminated by productivity improvement.” ~W. Edwards Deming
- “In many cases, jobs that used to be done by people are going to be able to be done through automation. I don’t have an answer to that. That’s one of the more perplexing problems of society.” ~ John Sculley, former CEO of Apple Computers
- “Management is about telling people what to do, and leadership is about allowing people to do what they’re capable of doing.” ~Bob Chapman
- “There might be new technology, but technological progress itself was nothing new – and over the years it had not destroyed jobs, but created them.” ~ Margaret Thatcher
- “I have a great respect for incremental improvement, and I’ve done that sort of thing in my life, but I’ve always been attracted to the more revolutionary changes. I don’t know why. Because they’re harder. They’re much more stressful emotionally. And you usually go through a period where everybody tells you that you’ve completely failed.” ~ Steve Jobs, co-founder and former CEO of Apple Computers
- “Waste is worse than loss. The time is coming when every person who lays claim to ability will keep the question of waste before him constantly. The scope of thrift is limitless.” ~Thomas A. Edison
- “Automation provides us with wondrous increases of production and information, but does it tell us what to do with the men the machines displace? Modern industry gives us the capacity for unparalleled wealth – but where is our capacity to make that wealth meaningful to the poor of every nation?” ~ Robert Kennedy
- “Computers are magnificent tools for the realization of our dreams, but no machine can replace the human spark of spirit, compassion, love, and understanding.” ~ Louis Gerstner, fromer CEO of IBM