thetraininghubeduchannel: Recent Episodes
Paul Gulston, the edutainer, edublogger and eduvlogger of supply chain content
Supply chain and operations management student support content for undergraduates , post graduates or any listener interested in learning
Quite often, these two concepts are believed to be the same since they both aim to satisfy the customer along with the management of inputs that the organization depend on. However, their inputs and the range of inputs that they both manage aren't the same.
A descriptive explanation of operations management starting with the making of a cup of tea
A short summary of the current technology used in many day to day supply chain operations
Over the years or at the turn of the century until now, information technology has afforded supply chains the ability to be agile, responding to both upstream ad down stream demands in a timely and accurate manner. This has been as a result of developments in AI , particularly through machine learning and predictive analytics.
There is no one way to run your procurement function. In fact, many firms have adopted more of a hybrid approach ( to be discussed in another episode) to benefit from both strategies. Nonetheless, organizations still apply a purist approach, adopting an extremely centralized and hierarchical model.
These two concepts drive most supply chain operations. Pull concepts are response based, responding to customer demand, while Push systems are keen on anticipating demand, known as the anticipatory based model.
This model helps supply chains align the most suitable buyer / supplier relationship when considering supply risk and supply impact