Yum Brands Inc. said is dropping some suppliers of its KFC restaurants in China as it tries to reassure consumers in that country who were scared off by a chicken safety scare last month.
Analyst Insight: Simply stated, the marketing mission of any business is to profitably create "something" that a customer will buy. The operational objective of the business is to deliver the "something" to the satisfaction of the customer. The financial objective is to charge a fee equivalent to the customer's perceived value while generating a return on the capital investment the business made to create "something."
- Rich Sherman, Supply Chain Discipline Expert at Trissential
Analyst Insight: Today's businesses are witnessing the evolution of business process management (BPM) applications to meet new paradigms shaped by user experience and comply with the increased number and complexity of corporate demands. The next generation of BPM applications looks to increase efficiency in all stages of process design and implementation, virtualize the work environment of its users, and enrich the user experience - thereby ameliorating their usage, deployment and development. - Jorge Garcia, TEC Senior BI and Data Management Analyst, Technology Evaluation Centers
Analyst Insight: The number one strategy for high-impact business performance is organizational and supply chain strategic alignment, coupled with effective supply chain segmentation. The hyper competitive supply chain landscape is a new normal. To compete leading organizations need to restructure in order to breakdown functional silos, create enterprise unification around common goals, and use technology and "big data" to create a "big picture" understanding of organizational goals. - Nada R. Sanders, Professor of Supply Chain Management and Iacocca Chair, Lehigh University
In today's environment of Big Data and analytics, effective supply chain decision-making is only as good as the data influencing the decisions. Drawing actionable conclusions based on the best information possible is critical to maintaining a supply chain that is efficient and effective, but also acts as a continual driver of strategic and competitive advantage. But how can your organization ensure that the data used to draw conclusions and make decisions regarding the supply chain is clean, relevant and accurate?
Analyst Insight: In order for businesses to succeed in an increasingly competitive marketplace, they must find new ways to add value. At John Deere, that means collaborating with dealers to expand the brand from selling equipment to offering solutions that improve the productivity of farming. For leaders in supply chain management, it means developing strategies that create value across the supply chain through innovation, responsiveness and agility.
- Robert D. Boyle, Director, John Deere Chair, APICS The Association for Operations Management
Rear Admiral Mark Heinrich, commander of the Naval Supply Systems Command and chief of the Supply Corps, reveals what it's like to oversee one of the world's most complex and critical supply chains.
Supply Chain Management is a "tale of two cities", Leader City and Laggard City. Residents of Leader City, according to benchmarks from APQC, outperform their median competitors with an overwhelming cost and performance advantage. As you navigate the journey to Leader City, at some point, you are going to have to obtain management commitment as evidenced by the fact that we've all been to dozens of case study presentations at conferences over the years. What do they all have in common? You have to have management commitment to be successful. What they never tell you is how to get it! Here's one of the secrets to gaining management commitment that Rich Sherman reveals in his new book. Material excerpted from Supply Chain Transformation: Practical Roadmap to Best Practice Results, by Richard Sherman, 2012. John Wiley & Sons, Inc. Reprinted with permission.
This is why they call Big Data big: IDC, a research firm, predicts that the Big Data market "” including technology and services "” will grow at a 31.7% compound annual rate through 2016, becoming a $23.7bn market by 2016.