Improving You Company's Supply Chain Management
Today, being competitive in the global marketplace involves competing on more than just the product or service. Instead, companies are also competing on factors like their supply chain network. Businesses are finding supply chain management to be more and more important as a company's network grows and involves global sourcing strategies and events that can cause disruptions in the supply chain. If a company does not effectively manage its supply chain risks it could lose market share, suffer a decrease in consumer confidence, and possibly even go out of business, or go into bankruptcy.
One way to offset risks in your company's supply chain is to diversify your company's suppliers. The idea of supply chain diversification is collecting suppliers that can provide similar products or services. If you have several similar suppliers, you will be able to recover more easily if one of the suppliers has trouble fulfilling an order.
Five Best Steps for Managing Supply Risk
Why it is Important: 75% of executives surveyed in this study expect supply chain risk to increase in the next 5 years. Read this article to learn 5 steps to manage risks in your company's supply chain.
These five steps defined in a study by Aberdeen Group, sponsored by Austin-Tetra, Inc. and claim not only to reduce supply chain hindrances, but also help with overall delivery, cycle time and quality performance. The study calls for companies to define and enforce standard performance and risk measures and assessments, make risk management a core and repeatable business discipline, and adopt sourcing methods to balance costs, performance, and risks. It also encourages companies to leverage technologies and information services to improve risk planning, monitoring and response as well as develop and collaborate with suppliers to detect and alleviate risks.
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How to Manage Multiple Supply Chains
Why it is Important: Does your company have multiple supply chains? If not, it might someday due to new product introductions, rising expectations for fast service, and outsourcing. Read this article to learn more.
This article explains that in order to be successful in managing your company's multiple supply chains, you have to clearly identified each supply chain and design them to meet both external and internal needs. It emphasizes the need to configure your supply chains in light of the external and internal needs, while leveraging commonality and guaranteeing both organizational authority and accountability.
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How to Avoid Supply Chain Disruptions
Why it is Important: Can you depend on your suppliers? That is an important question at this moment. Read this article to learn how to analyze and monitor your company's suppliers.
This article describes how to prevent disruption to one's business in this time of economic woe. In order to guard against following the same unfortunate fate of most companies, it encourages a source of supply for production and highlights imperativeness of monitoring a company's suppliers' situations and to be prepared if they start facing financial difficulties.
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6 Steps for Optimizing the IC Supply Chain
Why it is Important: This article states that "customer experience is the most vital ingredient that fuels a company's growth." What is your business doing to improve a customer's experience with your products or services?
Although this article is focused on the semiconductor industry, it can apply to many other industries. It stresses the importance of customer service in supply chain management. It says that the key to delivering superior customer is the ability to anticipate customers' needs in advance, the capacity to keep promises, and the flexibility to accommodate changing customer needs quickly. It also says that at the core to success is effective demand and supply management.
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Survey: Supply Chain Risk Increasing;Companies Unprepared
Why it is Important: Even though the survey in this article was conducted in June 2008, the results are similar to the problems we are seeing with businesses today. Is your company prepared for supply chain risks?
This article demonstrates how companies are suffering from increasing contingency in supply management. It says that the main supply chain risks are the increasing complexity of products and services, rising energy prices, and financial volatility. It also said that most companies aren't meeting strategic supply chain management goals and have not kept up with global trends. In addition, it pointed out that executives do not express enough confidence in their companies which can be extremely detrimental.
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E-Commerce Is Getting Chinese to Loosen Their Purse Strings
Why it is Important: This article explains the consumer culture in China. It is projected that China will overtake the US as the largest consumer market by 2020. Is your company prepared for that?
Although China has been criticized for spending too little, this article illuminates the fact that business is booming for the country’s online retailers, indicating the emergence of young, affluent consumers who will reshape the global economy over the next decade. According to economists, the rise of the Chinese consumer will cause a shift in China’s growth model as well as on a larger scale in the global consumption landscape.
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Whiteboard: Unified Communications Guts & Bolts
Why it is Important: A unified communications infrastructure is essential for good internal and external communication. Is your company's communications a business liability or a competitive advantage?
This video illustrates the vital elements in a unified communications infrastructure, containing the need to have your voice, network, and security teams working together to assure a quality of service that meets customer expectations. It emphasizes internal and external communication as the core to successful supply chain management. Click here to view full article
5 Ways to Cut Work Stress
Why it is Important: Stress levels are high in many offices for obvious reasons. Read this article to figure out how to help yourself and your employees deal with on the job stress.
This article explain that when people are stressed and tired, they do not work as efficiently and effectively as usual and therefore, company productivity decreases. They emphasize five ways to eliminate this problem in order to enhance workplace stability
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Global Economic Forum to Expand Permanently
Why it is Important: One story we have been watching for the past few months was the recent G20 summit in Pittsburgh. One of the outcomes is the expansion of the G7 to the G20. This is just another example of the diversification of power globally.
This article stresses the growing economic importance of Asia and some Latin American countries, particularly since the United States and many European countries have found their banking systems crippled by an economic crisis originating in excesses in the American mortgage market. In this way, companies utilizing their supply chain can look to expand to economies in these parts of the world.
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Ask Our Experts
At IntellaCore we are available to answer any question you may have about the global internet economy. We assist companies to compete and win in today's globalized, Internet economy.
- Is there something that is stumping you about an international aspect of your current marketplace?
- Is there an obstacle that is preventing you from expanding your business into new markets?
- Are you having trouble determining how to use the Internet practically for your business?
Frequently Stated Challenges
- I can't find good, actionable market intelligence to know what is really going on in my marketplace, let alone new markets.
- I need to find a partner in a new market to help me export my product.
- I am trying to find new suppliers to diversify my supply chain or reduce costs.
- My website is not right and is just not executing my business plan for visibility and revenue growth.
- We are overwhelmed trying to manage all of our external distribution, sourcing, and partnering relationships. The relationships are not achieving the goals we set for them.
- We are not a truly collaborative organization where people are working together, sharing information, and propelling the company forward in the best manner possible.
Ask us your question by clicking here.
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Pathfinder Scorecard
Every company needs to know its “Path to Success” in executing its business plan and reaching its business objectives. IntellaCore’s Path to Success methodology starts with the Pathfinder Scorecard.
Pathfinder is low risk, high impact, and fast. It is designed to get past the talking so that business leaders can take action, take one step. It was developed from our years of international experience and work in technology projects. To reach good decisions quickly in new relationships, both parties need to make a commitment to execute one task together, and then judge the results.
Pathfinder achieves two outcomes within 3 weeks by taking only 4 hours of leadership time, while IntellaCore performs two weeks of market intelligence research and company analysis.
First, it clarifies the business situation of the company by evaluating and scoring 8 areas of the business from our global, Internet point of view. It concludes by prioritizing actions to take in order to achieve the stated objectives of leadership.
Secondly, it is a confidence building measure that allows IntellaCore and the business leadership to work together in a quick, low risk, and efficient manner. This three week period will demonstrate concretely how IntellaCore performs, delivers, and our ability to share a similar perspective with leadership about the future for the business.
The Pathfinder Scorecard
evaluates 8 key areas to sustaining
your regional business in this global, Internet economy:
• Market Awareness
• Market Strategy
• Internet Presence and Activities
• Product/Service Readiness
• Operational Readiness
• Technology Readiness
• Personnel Readiness
• Collaboration
Click here to learn more about the Pathfinder Scorecard
IntellaCore has launched a webinar series to help small and mid-sized businesses. Top 10 Tips will be a twice a month series of 30 minute webinars with specific tips on how to compete and to win in today’s marketplace. Participants can download a whitepaper after the webinar dedicated to the topic of the day.
Top 10 Tips Webinar Series
The next Top Ten Tips webinar will be held on Tuesday, October 27th, 2:00-2:45 PM ET. The topic will be Top 10 Tips to Improve Your Company's Blog .
Click here to sign up
Top Ten Tips is a series of practical, fact-based webinars using the Path To Success methodology developed at IntellaCore. The webinars are short, hard-hitting, and are always combined with a whitepaper. Each webinar breaks down an important way that a company can increase revenue, reduce costs, and become a sustainable, competitive business.
You probably know what a blog is. You may even have one for your business. But you may not be aware that blogs can enhance your company's marketing capabilities by attracting a larger audience to your company and its website. Attend this webinar to learn how to set up your company's blog, and how to start using it to effectively reach new customers and engage current customers.
Click here to register. Please enter NEWSLETTER in the Invitation Code text box.
The Top 10 Tips you will learn more about in the webinar are:
- Set goals for your company's blog
- Survey the Internet and other blogs
- Decide on a blogging platform
- Customize your company's blog
- Add web analytics to the blog
- Start writing
- Market your company's blog
- Build your blog's personality
- Increase the traffic to your company's blog
- Build participation on your company's blog
While there are many international experts or technology experts, we are both. IntellaCore has a unique point of view because we are positioned at the critical crossroad where very few are -- that place where the global economy meets the Internet. Based on decades of experience in both International business and Internet-based activity, Path to Success aligns technology to the business plan, internally transforms the operations of the business, and expands their market presence into new domestic, international, and virtual markets.
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