Most supply chain professionals would benefit from some training in accounting. I am surprised by the number of times I encounter people holding positions of responsibility who just don’t understand the numbers well enough. I must admit that accountants don’t make it particularly easy. Take cashflow calculations as an example. There are two ways of […]
Supply Chain Accounting 101 Read More »
I find one reality TV show interesting because it actually represents reality. …At least, it’s the reality that I see through the supply chain and procurement lens of Freebenchmarking.com and Component Cost Estimator as it mirrors typical purchasing negotiations. The show is Pawn Stars, about a family-owned pawn shop in Las Vegas. In this show,
Pawn Stars: Lessons for the Supply Chain Read More »
I find myself confused between what I read in the press and my personal experience. One example is the exodus of manufacturing from China to North America. While this widely espoused turn of events may play well to nationalism and hope for local job creation, I don’t see it. My clients are being well served
China Isn’t Being Displaced Read More »
Maybe I’m fixated on cost and competitiveness, but over Christmas, two things happened that drove me to ponder these themes. The first is that I was given a Boxee Box as a gift; the second is a technology, entertainment, and design (TED) lecture that I heard via Boxee by an incredible 19-year-old woman named Eva
Why I Am Fixated on Cost & Competitiveness Read More »
There are times when I wonder why companies have purchasing departments. Wouldn’t it be a great cost reduction to get rid of the overhead for this group and just let designers pick suppliers and set component pricing? A demand planner could interface with contract manufacturers that would keep costs competitive and take care of all
Turning Ordinary to Great Read More »
I have just figured out what my company does! It may sound strange that a CEO of seven years has this epiphany, but it’s true. Lytica Inc. makes knowledge power tools for supply management. Freebenchmarking.comwas our first tool and Component Cost Estimator is our second. Oh, and by the way, this is what we do
Is Your Company Reinventing Itself? Read More »
Out of capacity, lead times at 44 weeks, and price increases: Sounds familiar? Since my blog on volume vs. price last month, there’s been a continuing discussion of what sets the pricing of electronic components, starting with the question: “If not volume, then what?” I will share here some thoughts on component pricing, starting with
Putting the Volume-Price Myth to Rest Read More »
Now that the Consumer Electronics Show (CES) 2012 is over and the flurry of Freebenchmarking.com activity resulting from it is under control, I have had time to reflect on the various participants at the exhibition and the issue of vertical integration. I must confess to being most impressed by the Koreans and would give them
Vertical Integration Champions Read More »
Exactly what knowledge do market-leading companies gain from vertical integration? My thought process here considers a very high-level product design process. Though I will portray that process as linear and sequential, the reality is messier, iterative, and probably chaotic. For my purpose, the process starts with a market spec, which defines the customer experience (a
Knowledge From Vertical Integration Read More »
I am in the business of price benchmarking and cost reduction, but even so, I am amazed at what supply chain professionals have achieved. With specials and deals of all kinds during the holiday season, it is astounding the value that is being passed on to customers at very low prices in electronic products. Thirty-two-inch
The Virtues of Vertical Integration Read More »
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