What knowledge should supply chain executives seek to remain effective leaders? And more to the point, what knowledge will help them advance further and quicker in their careers?
How (and where) can they obtain this knowledge?
Those were the two main questions that I explored in a workshop I conducted earlier this month at The Logistics & Supply Chain Forum organized by Richmond Events, and they are… Continue reading
Ronald Coase is a Nobel Prize winning economist who wrote about “transaction costs” and how they impact firms and economies. Because of Internet technologies, transaction costs have fallen in many areas, and this is changing the way firms organize their work (including supply chain tasks), the fate of particular industries, and even the economic fortunes of nations.
Transaction costs fall into three main categories:
This morning I almost poured lemonade instead of milk into my bowl of Frosted Flakes. Now I can only wonder: Did I miss an opportunity to create a new food sensation, like the guy who got his chocolate bar stuck in the other guy’s peanut butter?
In more relevant news…
Much has been written about change management, and the basics of smoothing the way for new ideas and processes are fairly well known. But managing large-scale change in freight transportation deserves its own chapter in the manual.
While the general principles of change management apply to transportation projects, there are nuances that managers need to take into account if they are to avoid costly mistakes. And there is ample… Continue reading
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Guest Commentary: Effective Interoperability between Transportation Planning and Execution
The Time Gap
Within the realm of supply chain there has always been an inherent separation between the notion of planning and that of execution. Historically, this separation was easily attributed to the time required to plan, as well as the gap in time between planning and when orders begin to be placed. In some aspects of supply chain planning, this time gap can be measured in months. As supply… Continue reading
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