Traditional supply chains primarily consists of Procurement, In-bound Logistics, Parts Inventory, Manufacturing, Finished Goods Inventory, Fulfillment and Outbound Logistics. As of late, data and data based analytics have become an important piece of the puzzle, especially in strategic Supply Chain design, gaining a competitive advantage in the market.
The Edge Blog: Insights on business transformation, practical applications and everything in between
By Dhinesh Selvaraj
Lead time is a key component of replenishment policies. Shorter lead times are desirable, but getting shorter leads from suppliers is challenging. On the other hand, longer lead times result in higher on-hand and in-transit inventory. Additionally, longer lead times limit the supply chain response to changing demand, variability, and uncertainties. On-hand and in-transit inventory make up a big chunk of the total costs, on top of purchasing, transportation, warehousing, packaging, and even expedited shipping costs at times. Inventory is required for demand variability, lead time variability, and service levels but lower inventory or days on-hand is a key to resilient and responsive supply chain.
By Seshadri Guha
Given 10 Dollars, Management should invest at least 1 Dollar in building Agility over acquiring Assets within their business.
Agility is the ability of the business to respond to unanticipated change in business conditions. Agility is a measure of flexibility and business speed. It is a true measure of the business capability to sense and respond to external change. It is a sustainable source of competitive advantage that delivers value today and tomorrow.
By Aswathram Viswanathan
Supply chain is no longer as simple as getting goods from point A to B, as it is about understanding and executing a complex set of variables. Global competition, changing economies, and new supply chain challenges, have brought into focus the need for procurement leaders to develop strategies that will yield sustainable competitive advantage.
In response to these challenges, procurement has evolved from organizations focusing on buying goods from suppliers with lowest price quotations, to harnessing the power of big data analytics and cloud computing, to make better decisions. Here are some of the trends that are affecting procurement today:
By Tara Canty
CGN Global's Clinical Programming Approach
Our thoughtful, streamlined, evidence based approach to implementation of clinical programming leads to improved clinical outcomes and financial performance. Our program can help answer the following questions and more!
What clinical services have opportunities for improved outcomes?
What clinical services cost the organization more than benchmarks indicate?
What are the key drivers to over utilization of some services and under-utilization of others?
What is the real financial benefit to changing processes and outcomes?