This is where the achievement of objectives must be translated into tangible successes that are linked to positive outcomes.
Growth for growth’s sake is meaningless. Achieving objectives for the sake of it is meaningless unless you want to game the system and get your financial bonuses by meeting some meaningless performance targets. It becomes a meaningless compliance exercise. Continue reading
I have been following the situation with the COVID-19 pandemic since the start and I have developed some insights I think the Supply Chain community might find useful.
A little bit of background how I started accumulating all this information. From the last part of 2019 until mid-January, I had a project that involved a long commute and to pass the time I started listening news podcasts. Continue reading
While the past 20 years has seen risk management spread from primarily the financial industry to now being utilized in nearly all sectors, it’s become more evident that much of these efforts have failed to prevent some very serious failures. Part of the reason is the increased complexity of systems and interconnections, but some of the failures can also be attributed to the risk management process itself. Continue reading
Now that WHO has declared a pandemic can we rest easy? What exactly does this mean? Should you be worried? Should your organization be worried? Have you implemented your plan? Do all the team members know what their functions, duties and tasks are? Is Senior Management and the Board of Directors engaged; have they been briefed? What is the status of your supply chain; “value chain”, product/service demand? What is our risk profile now? Can we operate if staff is disrupted by school closures, illness, recall to active duty (for military and healthcare personnel). Can we pay our employees? Continue reading
I am getting tired of reading “expert commentaries” about the impact of the Covid-19 epidemic on supply chains. They all seem to say the same thing, and (in my mind) they tend to overlook certain facts.
Let’s look at 4 commonly held truths that I disagree with.
First truth: “the current epidemic is a ‘black swan’ event” Continue reading