Category Archives: Strategy

Implementing Serialization of the Drug Supply Chain

Implementing Serialization of the Drug Supply Chain

With the introduction of the Drug Supply Chain Security Act (DSCSA), all players within the pharmaceutical industry are confronting the challenge of implementing a serialized drug tracing system with little guidance on data standards, roles, or accountability. An SCM thesis research project titled Serialization of Prescription Drugs in the US: A Centralized View completed by theRead More

Can We Trust the “Trust Machine?”

Can We Trust the “Trust Machine?”

In 2015 The Economist magazine famously dubbed blockchain technology “the trust machine” owing to its ability to create trust in business networks. This capability resonates strongly in the supply chain world, where a lack of trust is a major obstacle to high-level collaboration. The promise of blockchain may be fulfilled in time, but at presentRead More

Will the Next Wave of Global Failures Hit in 2018?

Will the Next Wave of Global Failures Hit in 2018?

The 2008 global financial meltdown sent shockwaves through the world’s economies that are still being felt today. Are we about to witness another global-scale meltdown in 2018, but one triggered by geopolitical, not financial, forces? Eurasia Group’s 2018 forecast of political risks posits this disturbing scenario, and given the precarious nature of the world’s politicalRead More

The Unlikely Success of Nanostore Retailing

The Unlikely Success of Nanostore Retailing

Millions of small, family-operated retailers known as nanostores are the main source of consumer packaged goods (CPG) for many consumers in Africa, Asia and Latin America. These mom-and-pop outlets have thrived by offering affordability as well as the right mix of items and convenience, and by gaining the trust of their customers. At the sameRead More

Are You Keeping the Right Amount of Inventory?

Are You Keeping the Right Amount of Inventory?

Inventory management gets complicated when a company keeps numerous SKUs with unique product characteristics. This is especially true for medical device companies. The products they carry are of high value, and service level is critical since patients’ lives are involved. Consequently, companies in this market often rely on conservative inventory models that maintain excessive levelsRead More