Thursday, June 30, 2011

Good Strategy, Bad Strategy

An UCLA management professor identifies the attributes of what he calls “bad strategy” and lays out a three-step process to build effective business strategies.

Tuesday, June 14, 2011

The Cost of Supply (Chain) Disruptions

Source: WikiMedia CommonsAccording to Dun & Bradstreet, the business cost of disruptions due to earthquake and tsunami in Japan will be $209 billion in sales volume. This potentially affects 86,418 businesses, 311,934 employees and is spread across 715 industries. Manufacturing durables tops the list of number of suppliers based in Japan that are potentially impacted. Globally extended supply chains mean that this group of suppliers will affect many more businesses across the globe. 

Thursday, June 9, 2011

The Customary Top 25

Gartner’s Top 25 supply chain list for 2011 is out. The surprises are not in who is in, but who is out! But the financial analysis proves once again that supply chain competence matters, even in a recession. 

Monday, June 6, 2011

Consumer Trends Trump, but Business Strategy Catches On

Between 2009 and 2011, successful execution of business strategy gained the highest momentum among retailers perception of risks. Retailers are less worried about the consumer spending, however, the consumer trends still rule: Retailers still want to know what interests consumers most and how to translate that into their merchandise on the shelf. imageAnother significant finding from the BDO USA’s report on retailers’ perception of risks in 2011 reveals that they are much more focused on defining and executing a successful business strategy. The report is based on SEC 10-K filings of the 100 largest US retailers.   

Thursday, June 2, 2011

Leverage Your Demand Forecasting

Not having a good demand forecast can create business inefficiencies from sub-par price realization, higher inventory costs, higher replenishment costs, and significant lost sales. But the same is true when companies have too many (disparate) demand forecasts driving these functions. What is an enterprise to do? Create a single demand forecast that addresses their various needs, across functions and across time, and create plans that are fully aligned with each other.