We have heard of small business are fast and agile. Nowadays, it is not big companies squashing small ones, but the fast leaving the big and slow companies behind.
So what makes a fast, responsive small business. The answer is to have a responsive supply chain. Principles of responsive supply chains are:
1. Lower production lead times (through pre-positioning raw material, or have some one create it in subassemblies, or reserving capacity)
2. Lower transportation lead times (air rather than sea/land/rail)
3. Parallel manufacturing
4. Small lot production
5. Frequent deliveries
6. Close coordination (design, manufacturing, commercial team sitting together)
7. Good Forecasting (http://fastsupplychain.blogspot.com/2011/09/method-to-quantify-higher-profits-from.html)
This blog covers new pull supply chain responsiveness and logistics concepts for hubs with good air and sea-freight connectivity like Singapore. Big data and web analytics are creating new demand opportunities, and help operations meet growing global regulatory standards. Very often, my work also involves helping online retailers improve operations. Discussions spans from raw materials serialization, to manufacturing, marketing and sales. Visualization and analysis techniques are also shared.
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