Adventures in Supply Chain

Why do you need to know about the balance sheet if you are in Supply Chain; maybe in planning, S&OP/ IBP and you are not an Accountant?

Fair question. To advance in your career and improve in your sales and operations planning or in integrated business planning, you need to know the language of the business. And that language is Finance and Accounting.

In this episode, you will learn what a balance sheet is and its key components so you can understand the impact of operations on a key financial statement and think like the CEO and CFO.

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Please also visit our YouTube channel: https://www.youtube.com/@usmsupplychain387

There are so many acronyms that we use in planning!

In this episode, you will learn the terminology and key concepts about all of them:

- S&OP—Sales and Operations Planning

- SIOP—Sales, Inventory, and Operations Planning

- IBP—Integrated Business Planning

- FP&A—Financial Planning and Analysis

- S&OE—Sales and Operations Execution

-ITP—Integrated Tactical Planning

For Free and Actionable Resources, please visithttps://usmsupplychain.com/

Please also visit our YouTube channel: https://www.youtube.com/@usmsupplychain387

Why do you need to know about Finance if you are in Supply Chain?

Being in Supply Chain, Logistics, Operations, Procurement, you have a massive impact on the business financial performance.

In this episode, you will learn about the three core financial statements:

- Income Statement or Profit and Loss Statement (P&L)

- Balance Sheet

- Cash Flow Statement (or like Marcia calls it “Show me the Money Statement)

For Free and Actionable Resources, please visit https://usmsupplychain.com/

Please also visit our YouTube channel: https://www.youtube.com/@usmsupplychain387

In this episode, Jonathan and Marcia talk about the following:

1. What are the trends in flexible packaging - for example, on cost, lead times, materials?
2. What are the options available regarding sustainability?
3. What is the cost of regular film against sustainable film?
4. What customers have been more aggressive with sustainability?
5. How can a company make a transition from regular film to sustainable film? What are the steps/ best practices?
6.  What are some examples in the market?

In this episode you will learn about the following:

- What is the relocation industry and what does a relocation management company do?

- Is this still a relevant topic post-Covid?

-What goals is an HR department seeking to accomplish by hiring a relocation management company?

- What are some of the challenges a Procurement and HR team face when sourcing relocation management services?

- What are the benefits that an audit can bring?

Our guest, Gary Conerly, has over two decades of experience in the relocation and global mobility industry. Gary is a frequent speaker on various employee mobility topics at regional SHRM and relocation conferences. Having lived on assignment in Latin America for ten years, Gary is very familiar with the challenges faced by both expatriates and their employers. He is fluent in Spanish and has a broad range of expertise in the relocation and global mobility industry.

Gary attributes his success in business to a direct result of his sincere desire to help corporations achieve their goals while maintaining complete visibility and control over all related costs.

This episode is sponsored by USM Supply Chain. USM stands for Unstoppable, Scalable, Mindful Supply Chain. Check us out  @usmsupplychain.com to scale up your profits together with your supply chain.

In this episode, we talk about the following:

• What are the top 3 challenges to become like Amazon with domestic last-mile delivery?
• What are the challenges and opportunities you see post-Covid for the sector of grocery stores and restaurants?
• What are some actions that companies can take to reduce cost of domestic shipping?
• What is the key to fast innovation and how can you support innovation from the supply chain perspective and the ability to pivot?
• What are the key metrics in supply chain that companies need to track?

Get FREE actionable resources at usmsupplychain.com

Book a call with Marcia @usmsupplychain.com to scale your profits together with your supply chain

In this episode, we talk about the following:

- What does six sigma imply?

- Who should be using six sigma?

- What are the critical factors to have a successful implementation?

- How do you use lean concepts to eliminate waste?

- How are lean and circular concepts similar or dissimilar?

To know more about six sigma, lean and circular economy or to get amazing FREE resources in Supply Chain and Procurement, please visit usmsupplychain.com

Getting savings in an inflationary economy? Sounds like mission impossible? Our guest, Angela Thurman, challenges that. Let's dive in so you can know how to hit your savings goals.

This is episode 34 of Adventures in Supply Chain podcast.  We are pleased to present the Data and Tech in Supply Chain Video Series with guest Rick Watson, E-Commerce Expert.

This episode is sponsored by USM Supply Chain. USM stands for Unstoppable, Scalable, Mindful Supply Chain. Check us out at usmsupplychain.com to scale up your profits together with your supply chain. 

Our guest, Rick Watson, after spending the last 20 years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, Barnes & Noble.com, Merchantry, and Pitney Bowes, started his own business to help with incubating and growing direct-to-consumer businesses.

Rick has been a featured speaker at nationwide news programs such as Bloomberg Surveillance and Bloomberg West, as well as at a number of retail-focused industry events including NRF Shop.org, ECommerce Europe, ETail West, and others.

In this episode we talk about the following:

1. What are the most common challenges that e-commerce companies face? Is it Marketing or Supply Chain?
2. Where are cost savings opportunities?
3. What is the role of data and technology in e-commerce companies?
4. If a company needs to choose a particular area where to invest in technology, what's that area? And why?
5. Thoughts about the battle between UPS and Amazon?
6. What companies that are already in business and want to scale should do?
7. What companies that want to start or developing more their ecommerce channels should do, in particular those that are doing B2B?

Check us out at usmsupplychain.com to scale up your profits together with your supply chain. Watch this episode on YouTube https://www.youtube.com/watch?v=lDjlIkxwre4 and SUBSCRIBE to our channel.

Today we talk about how you can achieve cost reduction by working with a Group Purchasing Organization (GPO). If you are considering how to save costs from 7% up to 20%, this episode is for you.

We cover the following points:

• What are the benefits of a Group Purchasing Organization (GPO)?
• What kinds of businesses should consider working with a GPO?
• For what kind of products and services?
• And more great points