Supply Chain News - 2020-07
Updated: Aug 10
04.07.2020 - Friday
Kraljic has 5 main ideas;
The strategy should not solely consist of price reduction-aimed negotiations
Different strategies should be developed for different supplier categories
Like opportunity/cost, risk also should be defined.
Besides “Suppliers”, “Product categories” and “Purchase amounts”; “Goods market” should also be taken into consideration,
Value chains and risk situations should be questioned.
Full of career achievements, Carlos Ghosn is a leader devoted to this sector who annually travels 150.000 miles between Tokyo-Paris, has a complete travel and visit plan for the next year, who continuously works from the early morning until the late night with a nickname “Seven-Eleven” and listens to the ideas of all groups including workers.
(This article is based on his life until the year 2015).
Based on Imam Ali’s words saying “rubies are achieved with times, but times cannot be achieved with rubies”, we should spend time efficiently, and combine streams flowing for nothing thereby making them an efficient river. Otherwise, we will scatter around like a leaf against the wind.
In this article, I will share my experiences related to personal time management.