With many organizations looking to transform their supply chains this year, MIT’s Jonathan Byrnes wrote a piece last week on How to Design a High-Profit Supply Chain. In this week’s Part II, he focuses on supply chain management.
A recent HSBC survey of over 2,000 executives found that 42 percent plan to transform their supply chains in 2023, and 47 percent view this as a priority in the near future. MIT’s Jonathan Byrnes has ideas on how to make sure yours maximizes profits in this first of a two-part response.
‘In today’s business era, sales, operations and product management have surprisingly aligned interests. They are poised to form a natural alliance to maximize profitability, often without realizing it.’
Most budget processes are based on the old “more revenues, less costs” paradigm. To root out embedded unprofitability, look at exactly where you are making profits. Here are three steps to profit-driven budgeting.
To do it right, let go of your company’s “evolutionary past” and take a granular look at where your profitability comes from today—it might surprise you.
From C-Suite leaders to SBU heads, what you do at the start of your tenure helps define your effectiveness long-term—and your job satisfaction. Here’s how to become a ‘thorough, grounded, visionary’ leader.
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