Archive for March, 2011|Monthly archive page

How Important Supply Chain Management is in Modern Businesses

As defined by Tom McGuffog, Supply Chain Management is “Maximizing added value and reducing total cost across the entire trading process through focusing on speed and certainty of response to the market.”

Well, it’s due to globalization, in the present time supply chain management has become a tool for thousands of multinational companies to compete effectively. For the manufacturing industry when it comes to deliver products at a competitive cost and at a higher quality than their competitors. Here, in this article, according to Stephen Soos’s point of view, we will be discussed about some reason why supply chain management has become important to today’s manufacturing industry:-

Stephen Soos thinks that in the recent days supply chain management has allowed business to not just have productivity advantage alone but also on value advantage. You can add more innovation to your product and the process by maximizing added value to them. One thing to mention here, through mass manufacturing you can get productivity advantage but with highly effective supply chain management you can achieve mass customization.

That’s not all; with mass customization your customers are given the value advantage through customized adaptation and flexible manufacturing. Also product life cycles can be improved through proper use of Supply Chain Management. Value advantage also changes the norm of traditional offerings that is ‘one-size-fits-all.’ Through Supply Chain Management, the more accepted offerings by the industry to the consumers would be a variety of products catered to different market segments and customers preferences.

Four Essential Qualities of a Leader

Stephen Soos – One of the essential qualities of a good leader is to be able to provide consistent motivation to his team encouraging them to attain excellence and quality in their performance. A good leader is always thinking of strategies and looking for ways to improve production and quality of the production. Here, in this article, we will be discussing about a few essential management skills that you can develop as a leader in working to create a quality effective team.

1. Observation

The experts say, for a successful leader, observation is the utmost important aspect. Regular visits and observation to the work environment are a priority and should be scheduled into the calendar. Leaders should observe the employees at work, the procedures, interaction and work flow is foundational to implementing adjustments to improve results.

2. Keeping track of the efficiency of the Workers

Employee overall performance must be supervised in mutually approved methods. Guidelines and methods have to be obvious. Conference meetings should be frequently rather than just if you find an issue. Checks as well as critiques really should not be basically all custom or seen an essential documents to be carried out and submitted away. Person and team meeting should be carried out not just to keep track of efficiency, however with the expectancy of ongoing specialist advancement and assistance. There must be repeated support and apparent standards for on-going objectives both for those party and person.

3. Rendering of Specialist Improvement Programs

An excellent boss examines weak points and provides instruction and improvement ways of reinforce the less strong skills within the group.

4. Illustrates Operating Understanding and Skills

Good management comes from a host to powerful experience and knowledge with the manufacturing and procedure resulting in outcomes. If a innovator doesn’t have got all the experience and understanding individually, then typical consultation services along with specialists involved in the sections ought to be presented. This is very important to be able to preserve a precise and knowledgeable overall image.

Good leadership is seen as to be able to make good decisions. A leader considers all the variants of aspects prior to making a decision. Clear firm decisions, mixed with the readiness and versatility to change and adjust choices at the appropriate time, produce self-confidence in the leadership.