Supply Chain Planning Quotes

Fortifying the company may involve diversifying suppliers and establishing contingency plans to mitigate supply chain disruptions.

Without good strategic thinking, one event could be the end for the company. One mistake could invite demise. One unexpected situation in global supply chains, and next thing you know the company is filing for bankruptcy. Before these things ever happen, board members in the boardroom ought to be discussing and planning for how the company would respond if it were to happen.

the price signals of supply and demand provided the only means yet discovered of coordinating the desires and actions of millions of freely acting individuals, without government compulsion, in what Hayek called a “spontaneous order.

Crane was as insistent as Rothbard and Koch about the need for a libertarian revolution against the statist world system of the twentieth century. “The Establishment” had to be overthrown—its conservative wing along with its liberal wing. Both suffered “intellectual bankruptcy,” the conservatives for their “militarism” and the liberals for their “false goals of equality.” The future belonged to the only “truly radical vision”: “repudiating state power” altogether.47 Once Crane agreed to lead the training institute, all that was lacking was a name, which Rothbard eventually supplied: it would be called the Cato Institute. The name was a wink to insiders: while seeming to gesture toward the Cato’s Letters of the American Revolution, thus performing an appealing patriotism, it also alluded to Cato the Elder, the Roman leader famed for his declaration that “Carthage must be destroyed!” For this new Cato’s mission was also one of demolition: it sought nothing less than the annihilation of statism in America.48

Lucid Motors was started under the name Atieva (which stood for “advanced technologies in electric vehicle applications” and was pronounced “ah-tee-va”) in Mountain View in 2008 (or December 31, 2007, to be precise) by Bernard Tse, who was a vice president at Tesla before it launched the Roadster. Hong Kong–born Tse had studied engineering at the University of Illinois, where he met his wife, Grace. In the early 1980s, the couple had started a computer manufacturing company called Wyse, which at its peak in the early 1990s registered sales of more than $480 million a year. Tse joined Tesla’s board of directors in 2003 at the request of his close friend Martin Eberhard, the company’s original CEO, who sought Tse’s expertise in engineering, manufacturing, and supply chain. Tse would eventually step off the board to lead a division called the Tesla Energy Group. The group planned to make electric power trains for other manufacturers, who needed them for their electric car programs. Tse, who didn’t respond to my requests to be interviewed, left Tesla around the time of Eberhard’s departure and decided to start Atieva, his own electric car company. Atieva’s plan was to start by focusing on the power train, with the aim of eventually producing a car. The company pitched itself to investors as a power train supplier and won deals to power some city buses in China, through which it could further develop and improve its technology. Within a few years, the company had raised about $40 million, much of it from the Silicon Valley–based venture capital firm Venrock, and employed thirty people, mostly power train engineers, in the United States, as well as the same number of factory workers in Asia. By 2014, it was ready to start work on a sedan, which it planned to sell in the United States and China. That year, it raised about $200 million from Chinese investors, according to sources close to the company.

3D printers are already producing parts that are lighter than traditionally built parts, are much stronger in design, and are more readily produced on demand for machines as sophisticated as NASA rockets and Air Force fighters. But for mission-critical products like these, there’s also a risk, one that’s put into context by James Regenor, director of the additive manufacturing and innovation unit at precision parts manufacturer Moog, Inc.: “How can the maintenance crew on a U.S. aircraft carrier have absolute confidence that the software file they downloaded to 3D-print a new part for a fighter jet hasn’t been hacked by a foreign adversary?” To tackle this problem, Regenor’s team at Moog has launched a service it calls Veripart, which uses blockchain technology to, among other things, verify the software design and upgrading work performed by different providers of 3D-printed products along a supply chain. It plans to incorporate a host of features that, among other things, will protect intellectual property and make it more flexible and dynamic as an asset.

The entire food system appeared to be one immense machine that laundered energy from fossil fuels into food calorie energy that humans could eat. At the beginning of the supply chain was the fossil fuel—gasoline used by tractors and natural gas used to make nitrogen fertilizer. The next link of the chain were farmers raising crops and animals, using the fossil fuels as they went. After that came the food processing industry, like the grain mills and slaughterhouses. Finally, there were the grocery stores and restaurants that distributed the final food products. Koch Industries planned to insert itself into every link of this chain. Charles Koch had made his company the single largest purchaser of American crude oil in the span of a decade. Now his company might be able to do the same thing with food.

Tech Leads IT offers an in-depth Oracle Fusion SCM Online Training program designed to provide participants with the essential skills and knowledge to manage and optimize supply chain operations using Oracle Fusion SCM. This comprehensive training covers key areas such as procurement, inventory management, order management, logistics, and supply chain planning.

Hiring should always be part of your long-term strategy, not a quick fix to an immediate problem.

Logistics is in fact a key aspect of military planning, and Cook is responsible for Apple’s operational excellence. For example, when Apple knew it would move away from disk drives in its iPods and MacBook Air notebooks, it invested in billion-dollar forward purchases of flash memory. Cook’s supply-chain organization executed this masterstroke, which accomplished the trifecta of securing Apple’s supply, locking in the lowest price, and hobbling the competition’s access to components. Such back-of-the-shop excellence at a company known for its creative flair is a rare example of what researchers Charles O’Reilly of Stanford and Michael Tushman, a professor of organizational behavior at the Harvard Business School, refer to as “ambidexterity as a dynamic capability.” In other words, it reflects the ability of a top-performing company to be simultaneously efficient and innovative.

The Glory Yet to Be God called to us, His people To be His holy bride From out the rest of living souls He calls us to His side The way He calls is rugged Steep The way He knows We are His sheep By grand design, He has the goals His love leads to the waterholes Gives us this day our daily bread And hitherto, He's always led Though dark the way The path is steep He drives the wolves from us, His sheep At times the clouds obscure His face But, bless His name, supplies of grace Can fortify against every shock His wisdom plans for all the flock Just now the skies seemed solid brass For not, just think It came to pass The furnace, seven times hotter be My grace sufficient is for thee Your soul is riding out the gail Your courage falters, and the tale Is not yet told, but brighter gold Comes from this long hostility As Jesus calls, look unto Me I've planned for thee eternal days I've planned for thee a thousand ways I went through my Gethsemany Will you, my child, bear this for Me? My back was stripped--I bore the rod Will bear this for Me, your God? I plan for thee a jeweled crown Will you go through, or let me down? Can you bear up a few more years Or will you cause your master tears? While Joseph's brothers made a pile Joseph suffered for a while That while did not seem a lengthy season With no design, no rhyme or reason The brothers did not care a bit That Joseph languished in a pit They showed no sorrow for his plight They cared not for the wrong or right But, God was there, behind the cloud He does not shout His plan aloud The path through pit and prison led For Joseph to the nation's head Not then did Joseph weep or groan Each step was leading to a throne The starving brothers soon behold A ruler with a chain of gold They wept, and each his breast did smite Before one sold to Ishmalite Their brother, with the power of death Each man fell down with baited breath Forgiving, Joseph understood Yee meant for evil, God meant for good He did not leave me, or forsake He knew each step I had to take My shepherd, led by pastures green No other way could there have been For me, I proved that He is God Endured the dark, and kissed the rod Take this example from His word And follow on to know the Lord Now, through darksome glass we see But oh, the glory yet to be

Key Elements of Five Year Plan ’77 What follows did not happen overnight. Among the guidelines set in February 1977 (remember, Fair Trade on alcohol was not finally ended until 1978): Emphasize edibles vs. non-edibles. I figured that the supermarkets would raise their prices on foods to make up for the newly reduced margins on milk and alcohol. This would give us all the more room to underprice them. During the next five years we got rid of film, hosiery, light bulbs and hardware, greeting cards, batteries, magazines, all health and beauty aids except those with a “health food” twist. We began to cut back sharply on soaps and cleaners and paper goods. The only non-edibles we emphasized were “tabletop” items like wineglasses, cork pullers, and candles. It was quite clear that we should put more emphasis on food and less on alcohol and milk. Within edibles, drop all ordinary branded products like Best Foods, Folgers, or Weber’s bread. I felt that a dichotomy was developing between “groceries” and “food.” By “groceries,” I mean the highly advertised, highly packaged, “value added” products being emphasized by supermarkets, the kinds that brought slotting allowances and co-op advertising allowances. By embracing these “plastic” products, I felt the supermarkets were abandoning “food” and the product knowledge required to buy and sell it. But this position wasn’t entirely altruistic. The plan of February 20, 1977, declared, “Most independent supermarkets have been driven out of business, because they stupidly tried to compete with the big chains in plastic goods, in which the big chains excel.” Focus on discontinuity of supplies. Be willing to discontinue any product if we are unable to offer the right deal to the customer. Instead of national brands, focus on either Trader Joe’s label products or “no label” products like nuts and dried fruits. This was intended to enable the Trader Joe’s label to pick up momentum in the stores. And it worked.

Blaming Goldwater’s retreat on his effort to win over the majority of voters (and recoiling, too, from the senator’s military adventurism), Crane went on to join the Libertarian Party, which had been summoned into being in a Denver living room in December 1971. Its founders sought a world in which liberty was preserved by the total absence of government coercion in any form. That entailed the end of public education, Social Security, Medicare, the U.S. Postal Service, minimum wage laws, prohibitions against child labor, foreign aid, the Environmental Protection Agency, prosecution for drug use or voluntary prostitution—and, in time, the end of taxes and government regulations of any kind.46 And those were just the marquee targets. Crane was as insistent as Rothbard and Koch about the need for a libertarian revolution against the statist world system of the twentieth century. “The Establishment” had to be overthrown—its conservative wing along with its liberal wing. Both suffered “intellectual bankruptcy,” the conservatives for their “militarism” and the liberals for their “false goals of equality.” The future belonged to the only “truly radical vision”: “repudiating state power” altogether.47 Once Crane agreed to lead the training institute, all that was lacking was a name, which Rothbard eventually supplied: it would be called the Cato Institute. The name was a wink to insiders: while seeming to gesture toward the Cato’s Letters of the American Revolution, thus performing an appealing patriotism, it also alluded to Cato the Elder, the Roman leader famed for his declaration that “Carthage must be destroyed!” For this new Cato’s mission was also one of demolition: it sought nothing less than the annihilation of statism in America.48

effect are base lies, I'll have you and your friend know! However—" he yawned again "—I've been up all day and so, purely coincidentally, I do find myself just a bit sleepy at the moment. The which being so, I think I should take myself off to bed. I'll see you all in the morning." "Good night, Alistair," she said, and smiled as he sketched a salute and disappeared into the night with a chuckle. "You two are really close, aren't you?" Benson observed quietly after McKeon had vanished. Honor raised an eyebrow at her, and the blond captain shrugged. "Not like me and Henri, I know. But the way you look out for each other—" "We go back a long way," Honor replied with another of her half-smiles, and bent to rest her chin companionably on the top of Nimitz's head. "I guess it's sort of a habit to watch out for each other by now, but Alistair seems to get stuck with more of that than I do, bless him." "I know. Henri and I made the hike back to your shuttles with you, remember?" Benson said dryly. "I was impressed by the comprehensiveness of his vocabulary. I don't think he repeated himself more than twice." "He probably wouldn't have been so mad if I hadn't snuck off without mentioning it to him," Honor said, and her right cheek dimpled while her good eye gleamed in memory. "Of course, he wouldn't have let me leave him behind if I had mentioned it to him, either. Sometimes I think he just doesn't understand the chain of command at all!" "Ha!" Ramirez' laugh rumbled around the hut like rolling thunder. "From what I've seen of you so far, that's a case of the pot calling the kettle black, Dame Honor!" "Nonsense. I always respect the chain of command!" Honor protested with a chuckle. "Indeed?" It was Benson's turn to shake her head. "I've heard about your antics at—Hancock Station, was it called?" She laughed out loud at Honor's startled expression. "Your people are proud of you, Honor. They like to talk, and to be honest, Henri and I encouraged them to. We needed to get a feel for you, if we were going to trust you with our lives." She shrugged. "It didn't take us long to make our minds up once they started opening up with us." Honor felt her face heat and looked down at Nimitz, rolling him gently over on his back to stroke his belly fur. She concentrated on that with great intensity for the next several seconds, then looked back up once her blush had cooled. "You don't want to believe everything you hear," she said with commendable composure. "Sometimes people exaggerate a bit." "No doubt," Ramirez agreed, tacitly letting her off the hook, and she gave him a grateful half-smile. "In the meantime, though," Benson said, accepting the change of subject, "the loss of the shuttle beacon does make me more anxious about Lunch Basket." "Me, too," Honor admitted. "It cuts our operational safety margin in half, and we still don't know when we'll finally get a chance to try it." She grimaced. "They really aren't cooperating very well, are they?" "I'm sure it's only because they don't know what we're planning," Ramirez told her wryly. "They're much too courteous to be this difficult if they had any idea how inconvenient for us it is." "Right. Sure!" Honor snorted, and all three of them chuckled. Yet there was an undeniable edge of worry behind the humor, and she leaned back in her chair, stroking Nimitz rhythmically, while she thought. The key to her plan was the combination of the food supply runs from Styx and the Peeps' lousy communications security. Her analysts had been right about the schedule on which the Peeps operated; they made a whole clutch of supply runs in a relatively short period—usually about three days—once per month. Given

Process Description Plan You need to estimate how many hamburgers you are going to make, decide where you are going to make them, and determine what your supply chain priorities are. You may need to choose whether to focus on quality and freshness, customer service and convenience, or low cost. These choices will influence the other decisions and trade-offs that you make throughout the supply chain. Source You need to decide where you will buy your ingredients and supplies. You need to negotiate with your suppliers to get the best prices, along with the best quality and service. It might be better to have suppliers that are close by, so that transporting products is fast and cheap. Or it might make sense to choose suppliers that are farther away but can provide the products at a lower cost or in larger quantities. Make You need to manage the process of making your hamburgers. It will help if you can define the stages of your manufacturing process and how long each stage will take. You may also need to decide whether you should make the hamburgers by hand or buy a machine that can make them better, faster, and cheaper than a person can. Deliver You need to manage the logistics of getting your hamburgers into your customers’ hands. That means you’ll need to decide whether you want customers to pick up their hamburgers at a counter or employ a server to carry the hamburgers to the table. Or perhaps you need to have a drive-through window, or deliver your hamburgers to your customers’ homes or offices. Return For many products, it’s important to think about what will happen to them after your customer is finished using them. In the case of hamburgers, you may need to think about washing the plates and recycling napkins. Enable Last but not least, you need to decide what else you need to make the supply chain work. You may need to hire people with specific skills, which means you need to think about how you will find them and how you will measure their performance. And there may be other processes that you need to have in place for your supply chain to achieve its goals, such as marketing programs or accounting policies.

A common solution for this problem is a process called Sales and Operations Planning (S&OP), which forces the sales and operations teams to coordinate and agree on their goals and targets.

Fundamentally, S&OP is about sharing information and getting people to agree on a plan.

In that 2003 S-Team meeting, Jeff broke down the process of managing dependencies in three easy steps (while, of course, yelling and wildly gesticulating like a madman): Whenever possible, take over the dependencies, so you don’t have to rely on someone else. If that is impossible, negotiate and manage unambiguous and clear commitments from others. Create hedges wherever possible. For every dependency, devise a fallback plan—a redundancy in a supply chain, for example.