When looking to make cost savings, most businesses will automatically reduce the budget allocated to training as a quick fix to save the pennies. Whilst this may prove successful in the short term, the impact on the overall growth of the business in the long term is likely to be negative as the workplace skill set plateaus against the continued need for expertise in the competitive market
One lesson to be learned in light of the recent media scandal involving some large supermarkets and global food companies, is the need for greater transparency in supply chains; it has become increasingly evident that an organisation will need to demonstrate their awareness of what goes on in their business beyond their own four walls and collaborate more with their partners to avoid any potential problems which could damage the organisations reputation.
On March 14th I attended the China Business Conference 2013 at the Queen Elizabeth Conference Centre, London, on behalf of the Institute of Supply Chain Management (IoSCM).
"Yoga? Why am I even reading this? It seems to have very little to do with the supply chain”. Yes, I know, but give it a chance. The supply chain and yoga are two of the oldest practices in the world - they are bound to have some similarities.
This is the second half of our exploration of yoga and the supply chain. If you missed the first half and have no idea what I’m talking about, go ahead and be surprised here I think the pattern is pretty obvious now, both yoga and the supply chain require both movement and flexibility. By taking a look at yoga, we can see the variants of each character and how they apply to supply chain management.
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