Posts from category "Leaders Talk"

Supply Chain Program for Graduates

This podcast is for young graduates to help them form a career in supply chain. 

As you may be aware that supply chains across India need skilled and qualified manpower to manage its operations. This demand is coming from eCommerce companies, multinational corporations and business houses. I have personally witnessed a steep growth in demand for supply chain professionals both at entry and mid-management levels over the last 5 years. Several predictions points out to the fact that supply chain will be one of the leading domains that will offer significant opportunities to young graduates for the next few decades or so.

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Why Supply Chain Certifications?

This podcast is on why a supply chain professional need to pursue supply chain certification?

At the beginning of 1990’s when I started working for an engineering firm, supply chain tasks were more or less a common sense. Anyone with a degree in commerce, science and engineering can handle the tasks with little bit of on-the-job training. Those days MBAs were rarest of rare and we never had any programs to educate us in supply chain concepts. I mean there were not many college programs related to supply chain body of knowledge. Some of my best colleagues came from industrial engineering background.

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Bonded Warehouse

Bonded warehouses are established under the Customs Act, 1962. You can refer sections 57 to 73 under Chapter IX of Customs Act 1962 to learn the various provisions of bonded warehouse in India. Similar to this act almost all countries have legal provisions governed by their respective acts to establish the bonded warehouse. So what is a bonded warehouse? The warehouse promoter or the importer executes a bond with the Customs Department to establish the bonded warehouse, hence that name. Bonded warehouses are normally used by businesses who are in import and export business.

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An 8-Step Approach For Career Progress in SCM

Hi, this is Venkadesh Narayanan from IISCM.org. This podcast is on An 8-Step Approach For Career Progress in SCM. The eight steps are Establish Goal, Define Geographies, Identify Domain, Search Companies, Analyse Job Descriptions, Bridge Skill Gap, Connect with Contacts and Followup. Let us go through the 8-steps.

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Echelons and Nodes

Echelons and nodes are very helpful concepts to visualize an end-to-end supply chain. Let us take an automotive supply chain. It contains four levels of suppliers Tier-4, Tier-3, Tier-2 and Tier-1. The Tier-4 supplier supplies to Tier-3 and Tier-3 supplies to Tier-2 and so on until Tier-1. The Tier-1 supplier supplies to the OEM that is the car manufacturing plant. Once the cars are manufactured they are sent to Regional Distributors from where it is sent to the Dealers who manages the showrooms. 

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Backflush Accounting

Backflush accounting is a manufacturing accounting system where the costing of a product and the inventory consumed are calculated at the point of completion of the manufacturing process. 

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12 Rules for Effective Inventory Management

Inventory management refers to the set of practices that enable an organisation to differentiate between enough and excess inventory and implement the same to improve its operational efficiency. Here are some 12 rules which will be of assistance in effective inventory management.

  1. Enterprise Inventory Policy
  2. S&OP, MPS and MRP
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SKU Nomenclature Policy

SKU (pronounced as skew) is the abbreviation of Stock Keeping Unit. SKU helps us to uniquely identify a product. Each organisation have their own SKU nomenclature policy, which refers to the methodology of numbering SKUs, governance and control. A given SKU number provides the same understanding to all the stakeholders not only inside your organisation, but also to your suppliers, customers and other stakeholders.

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Cycle Counting Best Practices

Cycle counting is the better alternative to periodic inventory counting. In cycle counting few SKUs are counted everyday by the Cycle Counters, who are trained in cycle counting. The accuracy of the logical inventory is much better compared to periodic inventory auditing as the inventory is counted continuously and more frequently based on the ABC Classification Criteria. Here I would like to recommend few best practices in cycle counting.

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The Need for Standard Operating Procedures (SOPs) in Supply Chain

The primary purpose is to standardise, document and communicate the 6Qs or 6 Questions of all the activities or tasks involved in a process. The 6Qs are what, why and how of doing an activity and by whom, when and where.

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For more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and

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Association For Supply Chain Management (ASCM), USA