Sometimes your company does not have access to a particular technology unless you outsource part of your operation to another vendor who has access to that technology. At other times, the vendor’s cost of the same technology might be more economical.
It is evident that if you do not have access to a certain technology that is crucial for your service offering, then you will need to persuade another entity with such access to carry out tasks for you.
Several outsourcing projects we have worked on were mainly aimed at getting access to the specialised high tech capability of the vendors.
Industry 4.0 Supply Chain Digital Transformation Supply Chain Digital Transformation Sharing the stage were senior executives and thought leaders from various walks of life: Mr. Vivek Sood – Managing Director of Global Supply Chain Group, Peter O’Brien – Head, Asia Pacific Distribution & Practices, Russell Reynolds Associates, and Associate Professor
Supply Chain Management (SCM Trigger Points) and It’s Modern Interpretations The expression “supply chain” was created during the 1980’s to explain the need to integrate important business processes SCM Trigger Points. SCM Trigger Points of Supply Chain Indeed, supply chain is about integration between business functions and business processes. It
There are many reasons why the supply chain world is rife with confusion and mix-ups. This confusion becomes even more pronounced when it comes to outsourcing because even many respected and experienced professionals cannot properly differentiate between logistics and supply chain. As a result, they continue to use the two terms – logistics and supply chain – interchangeably. The results are disastrous for the people, as well as, their companies.
Re-thinking Supply Chains A look at rethinking supply chains By Stuart Emmett Introduction – Why are so many companies constantly rethinking supply chains? Why many other companies are out of step? Many people do now understand what is involved when following a supply chain approach. However, ensuring the supply chain is optimised
The Modern Rules Of Success In Outsourcing Using Business Networks Skills That You Can Learn From Outsourcing 3.0 Every business needs a business network in order to thrive, but how do you know if your network is strong enough, dynamic enough or cost effective? Award-winning business author Vivek Sood’s eagerly anticipated
Why Collaboration is the NEW Advantage? For decades, if not centuries, the economists have been extolling the virtues of competition. No doubt, competition unleashes forces lying dormant within human psyche – forces of of one-upmanship, jealousy, keep up with the jones, and similar nature. Of course, the economists rarely look
This Story Behind Confusion In Outsourcing Will Haunt You Forever! What is Supply Chain Confusion all about? I am a very social person and I tend to go and visit my alumni meetings for IMD, for Harvard, for Australian Graduate School of Management, Chartered Financial Analyst and many other institutes
Why Supply Chain Models In Outsourcing Have To Change The Latest Trend In Supply Chain Models. In his book The 5-STAR Business Network (http://bit.ly/5-STARBN), Vivek Sood exposes the results of his researches on the organizational structure of companies. Companies used to follow the model of a traditional organization structure as in the
Five Slow Poisons that are Killing the Western Businesses, and making CEOs’ jobs harder than they need to be (Sydney, Australia based Vivek Sood is the world’s foremost authority on Global Supply Chains which are the commercial engines sitting deep within modern economies and driving them. He is a Chartered
Why Most CXOs Will Never Make It To CEO And What They Can Do About It? How Outsourcing Business Can Help You? Kevin1 was a brilliant finance executive. After doing a few years in an accountancy practice he had joined a company in its finance department and steadily risen in
Big Blue Should Get Their Head in The Cloud Outsourcing To Win Big Why Is Outsourcing So Famous? As the competition heats up in the cloud sphere, IBM has recently acknowledged their performance last year did not meet expectations while acquisition deals. IBM’s 2013 annual report stated that the company’s cloud business
My Experience With Freight Cost Reduction Australia leads the way to Globalisation with triple FTA with Asia’s big three Australia leads the way to Globalization with triple FTA with Asia’s big three Australia is talking with ministers from Japan, Korea and China to finalise Free Trade Agreements with the trio ahead of Tony Abbott‘s visit to Asia
HOW SUPPLY CHAIN 3.0 CAN LEAD TO TANGIBLE BUSINESS OUTSOURCING BENEFITS I hope by now you have grasped the business model in which Supply Chain 3.0 resides. Before we examine all the concrete benefits of Supply Chain 3.0, let us briefly differentiate it from its predecessors. Table 1 sets out
Who is going to win the battle of Titans (Apple, Amazon & Google) As everybody knows, three giants in the tech and software world have amassed an incomparable power in recent years from their networks and their strategies. With a vast range of products, they have stitched up the market
How Good Is Your Supply Chain Optimizations In Outsourcing? Why Optimizations In Outsourcing Had Been So Popular Till Now? System demos are tedious things at best. The developers are trying to showcase the best aspects of their baby in best possible light. They have spent months, sometimes years, thinking about
Outcompete anyone using your Business Network Outsourcing How Do You Choose The Best Business Network? Thought leaders have a five star business network. They leverage of the value created by their business and supplier contacts to outcompete rivals and stay relevant. Your business can outcompete rivals too using its network.
Changing Role of Supply Chain Management in Digital Economy In the rapidly changing world – role of supply chain is constantly evolving. There are now at least three generations of supply chains and the confusion about the roles and expectations is leading to massive losses inside the corporations. Here are
Technology Without Purpose is Like a Missile Without a Guidance System Nobody sets out thinking, I have no purpose for bringing this technology into our company, but I will do this anyway (well a few rare twisted souls might do it – totally driven by a side deal that meets
Poll – What are the biggest problems with Supply Chain Management Software and Systems? Supply Chain Management System. Executives, managers and businessmen encounter a multitude of problems while deciding, selecting, implementing and using supply chain management software. Learn From These Mistakes Before You Learn Supply Chain Management We have created
Fresh Thinking for New Business Models Old Business Models are Getting Redundant When General Motors filed for Chapter XI protection in 2008, it also marked the closing of a type of business models in modern commerce. General Motors was seen as the paragon of modern American management theory as popularized
Globalizations – big solution that we need for today’s big problems Is Globalizations Still Relevant? No matter which country you look at today – you see big problems. Emerging problems are currently grappling with massive monetary expansionism triggered by a need to keep currency stability in face of periodic bouts
Supply Chain Management – What Is The Latest Advancements When I explain to people that supply chain 3.0 is real, in general, I get three type of responses. Most of the McKinsey (or their clone) trained strategists ask me to show data to back up this assertion. On the other
The Mysteries of Supply Chains How To Get People To Like Mysteries in Outsourcing I have been asked this question a lot on Quora, as well in my board and other speeches. A lot of supply chain commentary is becoming too technical and mysterious. Supply Chain Software sellers have a
Upgrading In Outsourcing Your Supply Chain to the Next Level? One Point That (Nearly) Everyone Misses The meeting room was as sparsely appointed as most meeting rooms used for supplier meetings these days. There were no windows, and barely any space to move. A round table in the center was
Consequences of Confusing Supply Chain and Logistics Can be Painful Understand The Background Of Supply Chain And Logistics Now. Recently, obstetrician Dr Liu Hongmei hit global headlines when she disclosed the story of a young couple who came to her after four years of intense attempt to get pregnant. As
