I was speaking with a friend who is the Chief Operating Officer of a multi-national chemical processing company a few weeks ago. We were speaking about the various challenges that he is facing, which are not unlike the challenges faced by many companies. His most important goal was to maximize profits whilst minimizing inventory –…
There are many jobs that are demanding. Some are demanding physically, some are demanding emotionally and some are demanding intellectually – often a combination. Regardless of your profession, almost all of them have one thing in common – when you are done for the day, you are able to set aside your work and enjoy time thinking…
I believe it might be safely said without debate that the most important date in the history of Supply Chain and Logistics is April 26th, 1956. This is the date that the SS Ideal-X set sail from the Port of Newark in New Jersey (USA). Five days later, when it arrived in the Port of Houston in Texas (USA), marked the beginning of…
Stuff…. Wikipedia defines “stuff” as “items, things or matter”. It goes on to say that; “Stuff” can also refer to a particular woolen cloth woven in the United Kingdom and – somewhat disturbingly – “stuffing” is referred to as a “substance” often placed in the cavities of food items. A “substance”? Like it’s otherwise unidentifiable? I…
People are naturally seduced by a “deal”. We gravitate to signs in stores and on billboards that proclaim, 50% off” or “Buy-one Get-one”. We like to think that we are paying far less for something that we have a right to – that somehow we got the “better” of our opponent. We take a smug…
