This blog documents my MBA student life at Ryerson University, Canada (2010-2012). It was an attempt to demystify the MBA experience, help understand MBA topics & encourage MBA wannabes. I have a Pre-MBA blog about B-School application process (and a few other blogs) as well. I used to blog actively in the past and interact with readers regularly, but life got very busy after my MBA. Good luck. Take care. Cheers! Gerry.
Monday, March 12, 2012
5 basic steps to success in Supply Chain Management - What can we learn from Exel PLC company?
From the link: http://www.exel.com/exel/exel_solution_design.jsp
(This is from the website of the company Exel. About Supply Chain Management success)
Our Steps to success: ---> "DMADV"
- Define
- Measure
- Analyze
- Design
- Validate
(1) Define:
Gain an understanding of business needs and desired outcomes.
(2) Measure: Establish a profile of what's been happening.
(3) Analyze:
Investigate how things could be improved.(4) Design:
Engineer the optimum solution.
(5) Validate:
Return to the operation for continuous improvement and lessons learned.
Some Competitive Advantages of "Solution Design":
Engineer the optimum solution.
(5) Validate:
Return to the operation for continuous improvement and lessons learned.
Some Competitive Advantages of "Solution Design":
- Exel solution design delivers deeper insight and ongoing value
- Exel recommendations are value-based and always tie back to your needs and objectives.
- Our engineers have decades of experience delivering real value solutions
- All solutions are operationally feasible and based on our experience as operating practitioners.
- Best practices, successes, and benchmarks are shared across sectors and teams.
- Our size, scale, and expertise provide constant innovation and system flexibility.
- Design teams are cross-functional and engage in multiple disciplines when needed.
- Our design process is fully integrated with DePICT, Exel's proprietary project management process.
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