... turbulent times, not just survive them. Simplification is a critical attribute to becoming more antifragile. Richer Sounds, a U.K. retailer of hi-fi systems, which has held a Guinness world record for highest sales per square foot of any retailer, famously created a “Cut the Crap” committee to continually ...
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... approach to supply chain is so much more sophisticated than the increasingly obsolete “cost centre” mentality that it even has a name: Stanley Fulfilment System 2.0. SFS 2.0, as they call it, builds on 12 years of operational strategy focused on service excellence and working capital efficiency. The new incarnation ...
... universally: business urgency dominates process discipline. Now, with cloud allowing real-time data to be accessible not only from enterprise software systems but from machinery, vehicles and everything else that’s IoT connected, it’s fair to expect actual inventory, capacity, cost and lead time information ...
... World in 700 Words By Kevin O'Marah | July 13, 2018 Eighteen years ago I fell in love with supply chain. I saw in it the convergence of operational systems and information technology, and predicted a surge in productivity that would end the age-old human struggle for survival. I published an optimistic ...
... also on preferences underlying perceptions of value. Stores are also directly linked backwards to internally-controlled production and fulfilment systems, which means demand data flows unimpeded to the supply chain. From a supply sense perspective, Zara’s fast fashion operation obliges its in-house design ...
... configurations of moving product from factory to home (and often back again). Much of this experimentation is happening with inadequate cost accounting systems and minimal analysis of consumers’ price elasticity. My guess is that Amazon has both of these things well under control and that the game we’re entering ...
... capabilities. We also see that most are rebuilding their distribution centres in response to these pressures. All of this means that traditional costing systems in supply chain are almost certainly going to feel obsolete by the time we’ve mastered the operations of omnichannel. Peapod experiments One interesting ...
... there is no going back. I borrowed my second perspective from the world of environmental sustainability, which defines resilience as “the capacity of a system to continually change and adapt yet remain within critical thresholds.” This feels akin to what our supply chains have needed to do to stay ahead of ...
... Myers, EVP of Integrated Supply Chain for Mondelez. The common thread was that supply chain, when viewed from the top as an integrated, end-to-end system, can deliver massive business impact even in the face of great challenge. Those able to elevate the mission of supply chain above its traditional role ...