Hospitals rely heavily on their supply chain, just as any other retailer does. However, the chances of little Timmy slipping into a coma are pretty low if a supplier misses a delivery of the latest Happy Meal toys to your local McDonald's. Chances increase, however, if he orders the McRib. Gross.
Thanks to just-in-time inventory management practices, speed of delivery and readily available product distribution, the backroom of your typical retailer has steadily shrunk over the last decade. This is true for clothiers, fast food, and most other retailers looking to maximize profits and utilize the space to effectively support front end marketing strategies.
My Dad and I met for lunch recently, and he showed me plans for a custom potting bench he had already designed and built for my mother. Before I get too far, I should say that it is a beautiful piece and received rave reviews from the ladies at bridge club (nice work Pop). He wants to market the product online and was looking for pointers from a trusted Xennial on website design, marketing and distribution so he could determine whether or not a larger market existed for the beloved potting bench (i.e. beyond bridge club). I don't know where my Dad's project will land, but it got me thinking about how DIY could revolutionize our idea of traditional manufacturing.
Despite the hype, Blockchain is not a "silver bullet" answer to all the problems supply chain faces today. Instead, I think the value of Blockchain will be fully realized after a cumulative progression of new technologies and market disruptions (e.g. 3D printing, AI, big data, IoT) lay a more stable foundation for Blockchain to gain acceptance. This …
The Concept of the Hyperloop seemed farfetched in 1963 when The Jetsons first aired. However, we are quickly approaching an inflection point between conventional transit systems and futuristic transit capability and design and Hyperloop could put us at George and Judy Jetson's front door.
Earlier this year, I made some predictions in Innovate or Die: 5 Omni-channel Strategies Amazon is Trying to Outrun. As a part of those predictions, I talked a little bit about the "barbell effect" and how there would be a dichotomy between luxury/high-end, customized, boutique firms that offered a unique customer experience for a premium and hyper-local/convenience …
Here is a short guide to the ins and outs of selecting and implementing a lease administration program.
It has been said that smartphone devices are designed to provide a level of gratification on par with drug use or gambling, which piqued my interest. After doing some basic research I quickly realized there are some interesting parallels between a Fortune 100 supply chain and a drug cartel. The success of the iPhone would …
Recently, the US began negotiations with Canada and Mexico to revamp some major areas that make up the North American Free Trade Agreement (NAFTA). The changes that will come out of these negotiations will have a ripple effect across the supply chain.
Lightning bolts, floods, fires and the occasional category 5 hurricane are inevitable. They will come. It's just a matter of where and when. While it isn't sexy or fun to put a disaster recovery plan in place, it is critical to employee safety and business continuity when the worst does happen. It is also critical to understand that real estate is not the only facet of disaster recovery that may be affected if a building site is destroyed or disabled. Disasters will have a global effect on HR, IT, marketing, finance in addition to operations and real estate. A streamlined and updated Disaster Recovery Plan (DRP) can save lives and reduce the the overall impact on your company.