Supply Chain, Purchasing and Logistics Quotes.
An assortment of Supply Chain, Purchasing and Logistics Quotes.
“Supply Chain – the supply chain starts from the origin of the raw material and ends once the product has been discarded or recycled.” ~SupplyChainToday.com
“To succeed in this world, you have to change all the time.” ~Sam Walton
“Life is really simple, but we insist on making it complicated.” ~Confucious
“Let us never negotiate out of fear. But let us never fear to negotiate.” ~John F. Kennedy
“You don’t want to negotitate the price of simple things you buy everyday.” ~Jeff Bezos
“Artificial intelligence will be rampant in the digital supply chain.” ~Dave Waters
“When you surround an army, leave an outleft free. Do not press a desperate foe too hard.” ~Sun Tzu
- “The key to the Toyota Way and what makes Toyota stand out is not any of the individual elements…But what is important is having all the elements together as a system. It must be practiced every day in a very consistent manner, not in spurts.” ~Taiichi Ohno, father of the Toyota Production System
- “I never did anything worth doing by accident, nor did any of my inventions come indirectly through accident, except the phonograph. No, when I have fully decided that a result is worth getting, I go about it, and make trial after trial, until it comes.” ~Thomas Edison
- “Without logistics the world stops.” ~Dave Waters
- “At Wal-Mart, it goes back to Sam Walton and the foundation and business model that we simply operate for less, or everyday low cost. We’re known for operating in a very efficient way and then giving those savings to customers.” ~Mike Duke, former CEO Walmart
- “Industry 4.0 isn’t going to just change manufacturing it is going to completely disrupt it. In the not so distant future if you aren’t part of Industry 4.0 you won’t be in business.” ~Dave Waters
- “The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.” ~Warren Buffett
- “As a leader during transformation, you have to be out in front — show that you want to learn, be curious, introduce new ideas, ask questions.” ~Doug McMillon, Walmart CEO
- “Digital is the main reason just over half of the companies on the Fortune 500 have disappeared since the year 2000.” ~Pierre Nanterme, CEO of Accenture
- “Supply Chain is like nature, it is all around us.” ~Dave Waters
Importance of Supply Chain
The supply chain is important for a number of reasons. First, it ensures that businesses have the raw materials and components they need to produce their products. Second, it helps to deliver products to customers in a timely and efficient manner. Third, it can help businesses to reduce costs and improve their profitability.
Here are some of the specific benefits of having a well-managed supply chain:
- Reduced costs: A well-managed supply chain can help businesses to reduce costs by optimizing their inventory levels, negotiating better prices with suppliers, and reducing transportation costs.
- Improved efficiency: A well-managed supply chain can help businesses to improve their efficiency by streamlining their processes and eliminating bottlenecks.
- Increased customer satisfaction: A well-managed supply chain can help businesses to increase customer satisfaction by delivering products on time and in full.
- Improved product quality: A well-managed supply chain can help businesses to improve product quality by ensuring that they are using high-quality raw materials and components.
- Increased agility: A well-managed supply chain can help businesses to become more agile and responsive to changes in the market.
In today’s globalized economy, the supply chain is more important than ever before. Businesses need to have a well-managed supply chain in order to compete effectively.
