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The Supply Chain Revolution: What’s Inside? Chapter 2
From:
Arthur Koch -- Management Consultant Arthur Koch -- Management Consultant
For Immediate Release:
Dateline: Miami, FL
Wednesday, August 14, 2024

 

Art Koch’s Profit Chain® Tips
Volume 5 | Number 6 | August 2024

Continuing my What’s Inside the Book series – here I share what you’ll find in Chapter 2: Building Professionalism in Supply Chain Management.

Building Professionalism in Supply Chain Management

The Critical Role of Supply Chain Management (SCM)

  • Introduction to the significance of SCM in modern business environments.
  • Highlight how SCM impacts 50 to 65 percent of the cost of goods sold, emphasizing its economic and operational importance.
  • Too often, it is a mere footnote.

Professionalism in SCM: A Non-negotiable Requirement

  • The parallel between learning to scuba dive and mastering SCM requires an unwavering commitment to foundational principles.
  • The risks of neglecting SCM fundamentals, leading to operational setbacks and financial devastation.

Building SCM Professionalism to Drive Business Success

  • Introduce the concept of treating SCM as a professional discipline, akin to Certified Public Accountants (CPA) or Professional Engineers (PEng).
  • Would you take a scuba diving course from a non-professional?
  • Would you have a non-certified mechanic to fix your Lexus, Mercedes-Benz, or Porsche? No!

Dive Master Briefing – Case Study Highlight: Real-world Impact of Professional SCM

  • “Anyone” can cut a purchase order.
  • EBITDA increase of $18.5 MM and valuation increase of $150 MM

Art’s Deep Dive – Call to Action: Elevate Your SCM to Achieve Excellence

  • Is SCM treated as a profession in your business?
  • Does SCM have the necessary face time with executive management.?
  • Is the ROI for developing skills and professionalism for SCM understood?
  • Is there an understanding that professionalism and training are needed to bridge the gap between textbooks and real-world applications in SCM?

Watch the video below for Chapter 2: Building Professionalism in Supply Chain Management

If you have any questions or concerns about your operations and supply chain business strategy, please contact me by e-mail or at +1 (336) 260-9441. 

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Name: Arthur Koch
Group: Arthur Koch Management Consulting Inc.
Dateline: Miami, FL United States
Direct Phone: 336-260-9441
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