In our first series of posts, we discussed some approaches that you might use to introduce innovation into purchasing and the organization as a whole. In our second series of posts, we discussed how the organization was changing, the important role purchasing will have to play, and how you can use new […]
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One of the application areas of Six Sigma, the relentless quest for perfection through the disciplined use of fact-based, data-driven, decision-making methodology, is supply chain, which includes supply management, spend management, and strategic sourcing. A number of firms are peddling six sigma initiatives designed to improve your supply chain operations, including KPMG with their […]
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Six Sigma is described as a relentless quest for perfection through the disciplined use of fact-based, data-driven, decision-making methodology. Since this should be the ultimate goal of any organization, this is a good start.
So how does Six Sigma improve quality? Six Sigma advocates proclaim that the Six Sigma philosophy is to […]
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The design of responsive supply chains is becoming a priority for companies who must continually reduce costs and streamline processes to remain competitive in a dynamic global market where companies that do not anticipate challenges and prepare for the unexpected can vanish almost overnight. This means that an organization today must pay more attention […]
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In Friday’s post we introduced you to demand driven supply, succinctly defined as a pull-based customer-centric approach to supply planning and indicated why DDS was important. Yesterday we defined the different stages of DDS deployment, reviewed AMR Research’s recent findings with respect to the 2007 DDS marketplace, and recounted some basic statistics […]
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Yesterday we introduced you to demand driven supply, succinctly defined as a pull-based customer-centric approach to supply planning that allows demand to drive the process. We emphasized its importance by way of an AMR Research statistic that found that companies who fail to adequately focus on customer demand incur an average cost disadvantage […]
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Demand Driven Supply (DDS) is supply management with a heightened focus on customer demand. Unlike the traditional push-driven model where manufacturers plan their operations based on factory capacity and asset utilization, the demand driven supply model operates on a pull-based customer-centric approach and allows demand to drive supply chain planning and execution.
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I find it amazing how many companies do not have a formal purchasing process in place for their entire purchasing department or if they do have a formal process that they do not follow it. Even some Fortune 500 Companies that I have had the pleasure to work with over the last year still send […]
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Last month, Global Services Media ran an article titled Sourcing: From Art to Science that noted that not only do today’s approaches to managing global sourcing rely primarily on antiquated methods for project scoping, but that they also fail to put into place real-time metrics to assess productivity. The article also notes that nearly […]