Oct 172017
 
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Walmart CEO Doug McMillon

Walmart CEO Doug McMillon shared how he’s leading change and evolving the business of a 52 year-old company: “When making decisions, move with speed but use collective wisdom.” During an interview at Stanford Graduate School of Business, McMillon also discussed the impact of globalization and culture on today’s business strategy.

Walmart CEO Quotes

  • “I was always intrigued when I was growing up, and then in engineering school, with the idea of a perpetual machine. I think of the Wal-Mart culture as that.” ~ Mike Duke, former Walmart CEO
  • “It’s interesting: the letters I get from mayors that want Wal-Mart to look and invest in their community.” ~ Mike Duke
  • “There’s a lot more business out there in small town America than I ever dreamed of.” ~ Sam Walton, created the Walmart Supply Chain.
  • “One of the things that strikes me is so many of the critics are people whose lifestyle doesn’t change when the price of fuel changes, or if they keep a Wal-Mart store out of their area.” ~ Lee Scott, former Walmart CEO and VP of Logistics.
  • “There’s not an individual in these whole United States who has been in more retail stores than Sam Walton” ~ Bud Walton (Sam’s brother)
  • “The secret of successful retailing is to give your customers what they want” ~ Sam Walton, Supply Chain Guru.
  • “Appreciate everything your associates do for the business. Nothing else can quite substitute for a few well-chosen, well-timed, sincere words of praise. They’re absolutely free and worth a fortune.” ~ Sam Walton, Supply Chain Expert.
  • “I learned a long time ago that exercising your ego in public is definitely not the way to build an effective organization.”  ~ Sam Walton

Lee Scott and Mike Duke were both VP of Logistics at Walmart before taking the CEO position.  Supply Chain is very important at Walmart.  It is important for retail CEO’s to understand Supply Chain.  Walmart CEO Doug McMillon has plenty of Supply Chain experience as well.  He worked at Walmart while in high school.

For those doing research regarding Walmart check out some of the videos below.  We included videos about Amazon as well because there is so much competition between Amazon and Walmart.

Walmart Supply Chain CEO Doug McMillon

Walmart Supply chain

 

 

Oct 172017
 
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The Beer Game

Professors Brad Morrison, Jim Hines, and Paulo Gonçalves teach their organizational behavior and supply chain management classes how to play the beer game.

 

Here are some other great business videos.

 

Oct 142017
 
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Supply Chain Business Blogs

Large assortment of supply chain training and business blogs.  Topics include supply chain videos about Walmart, Amazon, Alibaba, Apple, Tesla etc.  Hear from top business minds such as Elon Musk (CEO Tesla, SpaceX, Solar City), Indra Nooyi (CEO Pepsi), Doug McMillon (CEO Walmart), Tim Cook (CEO Apple), Jack Ma (CEO Alibaba), Mark Zuckerberg (CEO Facebook), etc.

“Supply Chain – the supply chain starts from the origin of the raw material and ends once the product has been discarded or recycled.” ~SupplyChainToday.com

supply chain

“Supply Chain is simple when broken into small pieces.  But breaking it into understandable small pieces can be the difficult part.” ~EverythingSupplyChain.com

supply chain blogs

“The digital supply chain: blockchain, IoT, Big Data, Drones, Cloud, AI, Machine Learning, Deep Learning…” ~SupplyChainToday.com

machine learning supply chain

“Focus on the lowest total cost of ownership, not the price.” ~EverythingSupplyChain.com

supply chain tco

 

“Believe you can and you’re halfway there.” ~Theodore Roosevelt

Supply Chain Blogs

 

 

 

 

 

 

 

 

Sep 292017
 
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Top Retail Supply Chain Blogs: Alibaba, Amazon, IKEA, Walmart

We aggregated some of the top blogs on the retail supply chain.  The focus is on Walmart, IKEA, Amazon and Alibaba.  The Walmart supply chain is legendary.  Sam Walton’s supply chain innovations were key in the low price strategy of Walmart.  It was difficult for anyone to compete with Walmart until Amazon came around and changed everything with online shopping.  Many people thought it was crazy for Jeff Bezos to start a company to sell books online but no one is thinking he is crazy now.  The Amazon supply chain continues to improve the time it takes to deliver product to your door.  Some call Alibaba the Amazon of China.  Alibaba does have a different model than Amazon and is a great company to research for what they have done to make a world class supply chain.  Watch the videos on Jack Ma, CEO of Alibaba, they are very insightful.  IKEA changed the furniture market.  IKEA’s flat pack concept made affordable furniture available to everyone.  Ingvar Kamprad is the founder and CEO of IKEA.  It is interesting to see some of the similarities between Ingvar Kamprad and Sam Walton.  If you find the information below useful please feel free to share it.

supply chain alibaba amazon ikea walmart

Retail Supply Chain Quotes.  Alibaba, Amazon, IKEA and Walmart.

Jack Ma is the founder and CEO of Alibaba.

  • “I’m a normal guy.” ~ Jack Ma
  • “Never ever compete on prices, instead compete on services and innovation.” ~ Jack Ma
  • “Help young people. Help small guys. Because small guys will be big. Young people will have the seeds you bury in their minds, and when they grow up, they will change the world.” ~ Jack Ma
  • “If we are a good team and know what we want to do, one of us can defeat ten of them.” ~ Jack Ma
  • “My job is to help more people have jobs.” ~ Jack Ma
  • “If you don’t give up, you still have a chance. Giving up is the greatest failure.” ~ Jack Ma

Supply Chain Alibaba Amazon IKEA Walmart

  • “You need the right people with you, not the best people.”  ~ Jack Ma
  • “I’m not a tech guy. I’m looking at the technology with the eyes of my customers, normal people’s eyes.” ~ Jack Ma

Jeff Bezos is the founder and CEO of Amazon.

  • “You don’t want to negotiate the price of simple things you buy every day.” – Jeff Bezos
  • “All businesses need to be young forever. If your customer base ages with you, you’re Woolworth’s.” ~ Jeff Bezos, founder of Amazon.
  • “The smartest people are constantly revising their understanding, reconsidering a problem they thought they’d already solved. They’re open to new points of view, new information, new ideas, contradictions, and challenges to their own way of thinking.” ~ Jeff Bezos
  • “We see our customers as invited guests to a party, and we are the hosts. It’s our job every day to make every important aspect of the customer experience a little bit better.” ~ Jeff Bezos
  • “If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.” ~ Jeff Bezos, built the Amazon Supply Chain.
  • “Things never go smoothly.” ~ Jeff Bezos
  • “What’s dangerous is not to evolve.” – Jeff Bezos

Amazon supply chain

  • “If your customer base is aging with you, then eventually you are going to become obsolete or irrelevant. You need to be constantly figuring out who are your new customers and what are you doing to stay forever young.” ~ Jeff Bezos
  • “If you make customers unhappy in the physical world, they might each tell 6 friends. If you make customers unhappy on the Internet, they can each tell 6,000 friends.” ~ Jeff Bezos
  • “The best customer service is if the customer doesn’t need to call you, doesn’t need to talk to you. It just works.” ~ Jeff Bezos

Ingvar Kamprad is the founder and CEO of IKEA.

  • “The word impossible has been and must remain deleted from our dictionary.” ~ Ingvar Kamprad

IKEA Supply Chain

  • “Only those who are asleep make no mistakes.” ~ Ingvar Kamprad, founder of IKEA.
  • “If there is such a thing as good leadership, it is to give a good example. I have to do so for all the Ikea employees.” ~ Ingvar Kamprad
  • “People say I am cheap, and I don’t mind if they do.” ~ Ingvar Kamprad
  • “The most dangerous poison is the feeling of achievement. The antidote is to every evening think what can be done better tomorrow.” ~ Ingvar Kamprad
  • “The IKEA spirit is strong and living reality. Simplicity in our behavior gives us strength. Simplicity and humbleness characterize us in our relations with each others, our suppliers and our customers.” ~ Ingvar Kamprad
  • “IKEA is not completely perfect. It irritates me to hear it said that IKEA is the best company in the world. We are going the right way to becoming it but we are not there yet.” ~ Ingvar Kamprad
  • “Making mistakes is the privilege of the active. It is always the mediocre people who are negative, who spend their time proving that they were not wrong.” ~ Ingvar Kamprad
  • “Time is your most important resource. You can do so much in ten minutes. Ten minutes; once gone is gone for good.” ~ Ingvar Kamprad

Sam Walton is the founder and was CEO of Walmart.

  • We’re all working together; that’s the secret.”  ~ Sam Walton

Walmart Supply Chain

  • “Outstanding leaders go out of their way to boost the self esteem of their personnel. If people believe in themselves it s amazing what they can accomplish.” ~ Sam Walton
  • “What we guard against around here is people saying, ‘Let’s think about it.’ We make a decision. Then we act on it.” ~ Sam Walton

Supply Chain Alibaba Amazon IKEA Walmart

  • I probably have traveled and walked into more variety stores than anybody in America. I am just trying to get ideas, any kind of ideas that will help our company.  ~Sam Walton
  • “Celebrate your successes. Find some humor in your failures. Don’t take yourself so seriously. Loosen up, and everybody around you will loosen up. Have fun. Show enthusiasm – always.”   ~ Sam Walton
  • “When all else fails, put on a costume and sing a silly song. Then make everybody else sing with you. Don’t do a hula on Wall Street. It’s been done. Think up your own stunt. All of this is more important, and more fun, than you think, and it really fools the competition. “Why should we take those cornballs at Wal-Mart seriously?”  ~ Sam Walton
  • There is only one boss – the customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.  ~Sam Walton
  • Celebrate your successes. Find some humor in your failures. Don’t take yourself so seriously. Loosen up, and everybody around you will loosen up. Have fun. Show enthusiasm – always.   ~Sam Walton

 

 Posted by at 7:41 am
Sep 232017
 
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Great CEO Quotes: Sam Walton, Jeff Bezos, Jack Ma, Ingvar Kamprad.

Sam Walton is the founder and past CEO of Walmart.  Jeff Bezos is the founder and CEO of Amazon.  Jack Ma is the founder and CEO of Alibab.  Ingvar Kamprad is the founder and CEO of IKEA.  These four people are founders of retail giants.  They have all had significant contributions to supply chain.

“I have always been driven to buck the system, to innovate, to take things beyond where they’ve been.” ~Sam Walton.

Walmart supply chain

“Great ideas come from everywhere if you just listen and look for them.  You never know who’s going to have a great idea.” ~Sam Walton.

Quotes: Sam Walton, Jeff Bezos, Jack Ma, Ingvar kamprad

“High expectations are the key to everything.” ~SupplyChainToday.com.

Walmart supply chain quote

“One of the only ways to get out of a tight box is to invent your way out.” ~Jeff Bezos.

Quotes: Sam Walton, Jeff Bezos, Jack Ma, Ingvar kamprad Supply Chain

“I knew that if I failed i wouldn’t regret that, but I knew the one thing I might regret is not trying.” ~Jeff Bezos, CEO Amazon. 

Jeff Bezos Amazon Supply Chain

“You don’t want to negotiate the price of simple things you buy everyday.” ~Jeff Bezos, Supply Chain Innovator.

jeff bezos Amazon Supply Chain

“Making mistakes is the privilege of the active.  It is always the mediocre people who are negative, who spend their time proving that they were not wrong.” ~Ingvar Kamprad, CEO IKEA.

IKEA Supply Chain

“If there is such a thing as good leadership, it is to give a good example.  I have to do so for all the IKEA employees.” ~Ingvar Kamprad, Supply Chain Innovator.  

Ingvar Kamprad quotes IKEA CEO

“Waste of resources is a mortal sin at IKEA.” ~Ingvar Kamprad, CEO IKEA.  

Supply Chain Quotes: Sam Walton, Jeff Bezos, Jack Ma, Ingvar kamprad

“Never deceive others, in business or in life.  In 1995, I was deceived by four companies – four companies that are now closed.  A company cannot go far by deceit.” ~Jack Ma, CEO Alibaba.

Jack Ma Quotes Alibaba CEO

“I don’t want to be liked.  I want to be respected.” ~Jack Ma, CEO Alibaba. 

Alibaba Supply Chain

 Posted by at 3:26 pm

Walmart, Amazon, Alibaba Eyeing Parcel Delivery Services

 Company, Supply Chain  Comments Off on Walmart, Amazon, Alibaba Eyeing Parcel Delivery Services
Sep 182017
 
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Walmart, Amazon, Alibaba Eyeing Parcel Delivery Services

With so much product being shipped to residences it is not surprising these companies want to get more involved with parcel delivery.  These companies have increased the business of UPS, FedEx and DHL tremendously.

 

  • “What we need to do is always lean into the future; when the world changes around you and when it changes against you – what used to be a tailwind is now a head wind – you have to lean into that and figure out what to do because complaining isn’t a strategy.” ~ Jeff Bezos, CEO Amazon.
  • “I have always been driven to buck the system, to innovate, to take things beyond where they’ve been.”  ~ Sam Walton, built the Walmart Supply Chain.
  • “I’m a normal guy.” ~ Jack Ma, CEO Alibaba.
  • “If you want a successful business, your people must feel that you are working for them—not that they are working for you.”  ~ Sam Walton, made logistics a competitive descriminator.
  • “The most important single thing is to focus obsessively on the customer. Our goal is to be earth’s most customer-centric company.” ~ Jeff Bezos, built the Amazon Supply Chain.
  • “If you don’t give up, you still have a chance. Giving up is the greatest failure.” ~ Jack Ma, CEO Alibaba.
  • “We’re all working together; that’s the secret.”  ~ Sam Walton, CEO Walmart.
  • “I’m not a tech guy. I’m looking at the technology with the eyes of my customers, normal people’s eyes.” ~ Jack Ma, CEO Alibaba.
  • “A leader should have higher grit and tenacity, and be able to endure what the employees can’t.” ~ Jack Ma, built the Alibaba Supply Chain.
  • “The best customer service is if the customer doesn’t need to call you, doesn’t need to talk to you. It just works.” ~ Jeff Bezos, CEO Amazon.
  • “There is only one boss – the customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.”  ~ Sam Walton, CEO Walmart.

Here is an assortment of retail blogs regarding Walmart, Amazon, Alibaba.

“Many of our best opportunities were created out of necessity.” ~Sam Walton.  Founder and CEO Walmart.

.Walmart Amazon Alibaba supply chain

“Bad communication is kryptonite for supply chain.” ~EverythingSupplyChain.com

Supply Chain Walmart Amazon Alibaba

“I had to get up every day with my mind set on improving something.” ~Sam Walton.

Sam Walton Supply Chain Walmart change everyday

“I have always been driven to buck the system, to innovate, to take things beyond where they’ve been.” ~Sam Walton

Walmart Amazon Supply Chain Alibaba

How Walmart Plans to Battle Amazon

 Automation, Company, Supply Chain  Comments Off on How Walmart Plans to Battle Amazon
Sep 182017
 
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How Walmart Plans to Battle Amazon

Walmart and Amazon have done increased productivity tremendously through supply chain automation.  These are the two giants of retail.  Both companies have revolutionized supply chain and both continue to improve everyday.

Retail blogs about Walmart and Amazon Supply Chain.

More Supply Chain Automation Quotes.

  • “The digital supply chain has the potential to completely change supply chain. However, do your due diligence before rushing in.” ~EverythingSupplyChain.com.
  • “The Internet of Things (IoT) will change the supply chain.  Research IoT before you get left behind.” ~SupplyChainToday.com. 
  • “Ideas are like rabbits. You get a couple and learn how to handle them, and pretty soon you have a dozen.” ~ Jonh Steinbeck
  • “If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.” ~ Jeff Bezos, built the Amazon Supply Chain.
  • “Artificial intelligence would be the ultimate version of Google. The ultimate search engine that would understand everything on the web. It would understand exactly what you wanted, and it would give you the right thing. We’re nowhere near doing that now. However, we can get incrementally closer to that, and that is basically what we work on.” ~ Larry Page
  • “Here are a few key supply chain trends you may want to research: Internet of Things (IoT), 3D Pringing, Big Data, Artificial Intelligence (AI) , Deep Learning and Drones.” ~SupplyChainToday.com.
  • “I’m increasingly inclined to think that there should be some regulatory oversight, maybe at the national and international level, just to make sure that we don’t do something very foolish.  I mean with artificial intelligence we’re summoning the demon.” ~ Elon Musk
  • “Outstanding leaders go out of their way to boost the self esteem of their personnel. If people believe in themselves it s amazing what they can accomplish.” ~ Sam Walton, built the Walmart Supply Chain.
  • “You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.” ~ Buckminster Fuller
  • “For some the digital supply chain is just a bunch of buzzwords: Big Data, Internet of Things (IoT), Cloud, Drones… For others it is the future of supply chain. ~SupplyChainToday.com.
  • “Where there is no Standard there can be no Kaizen.” ~ Taiichi Ohno

“One of the only ways to get out of a tight box is to invent your way out.” ~Jeff Bezos, CEO Amazon.

walmart amazon

“Making mistakes is the privilege of the active.  It is always the mediocre people who are negative, who spend their time proving that they were not wrong.” ~Ingvar Kamprad, CEO IKEA.

IKEA Amazon Walmart

“I have always been driving to buck the system, to innovate, to take things beyond where they’ve been.” ~Sam Walton, CEO Walmart.

Walmart Amazon

“I wouldn’t ask anyone to do anything I wouldn’t do myself.” ~Indra Nooyi, CEO Pepsi.

Indra Nooyi Jeff Bezos Sam Walton quotes

DHL makes augmented reality a standard in logistics

 Automation, Supply Chain  Comments Off on DHL makes augmented reality a standard in logistics
Sep 142017
 
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DHL makes augmented reality a standard in logistics

  • “The secret of change is to focus all of your energy, not on fighting the old, but on building the new.”  ~ Socrates.
  • “Going from PayPal, I thought, well, ‘What are some of the other problems that are likely to most affect the future of humanity?’ Not from the perspective, ‘What’s the best way to make money?’ which is okay, but, it was really, ‘What do I think is going to most affect the future of humanity.’” ~ Elon Musk.
  • “The Internet of Things (IoT) will impact supply chain in so many ways.  Either learn about it, or get left behind.” ~EverythingSupplyChain.com.
  • “I have more respect for the fellow with a single idea who gets there than for the fellow with a thousand ideas who does nothing.” ~ Thomas Edison.
  • “Ideas are like rabbits. You get a couple and learn how to handle them, and pretty soon you have a dozen.” ~ Jonh Steinbeck.
  • “Without change there is no innovation, creativity, or incentive for improvement. Those who initiate change will have a better opportunity to manage the change that is inevitable.” ~ William Pollard.
  • “You want to be extra rigorous about making the best possible thing you can. Find everything that’s wrong with it and fix it. Seek negative feedback, particularly from friends.” ~ Elon Musk.
  • “Be a supply chain innovator.  Research Internet of Things (IoT), machine learning, deep learning, big data, blockchain, drones, augmented reality, artificial intelligence…” ~EverythingSupplyChain.com.
  • “You can have brilliant ideas, but if you can’t get them across, your ideas won’t get you anywhere.”  ~ Lee Iacocca.
  • “Unfortunately, there seems to be far more opportunity out there than ability…. We should remember that good fortune often happens when opportunity meets with preparation.” ~ Thomas Edison.
 Posted by at 2:12 am

Supply Chain Cost Reduction – 5 Key Levers.

 Supply Chain  Comments Off on Supply Chain Cost Reduction – 5 Key Levers.
Sep 062017
 
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Supply Chain Cost Reduction – 5 Key Levers

This is a discussion on various ways to reduce supply chain cost.  It is a six minute video.

Procurement Training.

Negotiation Quotes

  • “Appraisals are where you get together with your team leader and agree what an outstanding member of the team you are, how much your contribution has been valued, what massive potential you have and, in recognition of all this, would you mind having your salary halved.” ~ Theodore Roosevelt
  • “Negotiation is not a policy. It’s a technique. It’s something you use when it’s to your advantage, and something that you don’t use when it’s not to your advantage.”  ~ John Bolton
  • “Know what you want to achieve prior to starting to negotiate. It’s the golden rule but the one most people fail to heed. Without a plan, you allow the opposing party to define your goals instead of the other way around.” ~ Ivanka Trump
  • “The most critical thing in a negotiation is to get inside your opponent’s head and figure out what he really wants.” ~Jacob Lew
  • “There are people who are in debt that make $500,000 a year.  There are people who have all their bills paid with no debt who make $50,000 a year.  It’s easy to negotiate an “increase in your salary” just change your spending habits.” ~ Dave Waters

supply chain cost reduction

 Posted by at 11:00 am

Jack Ma on how Amazon and Alibaba differ.

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Sep 062017
 
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Jack Ma on how Amazon and Alibaba differ

Great video on the differences between Amazon and Alibaba.  If you have not heard of Alibaba some people call it the Amazon of China.  However, after viewing this video you will see the major differences.

Jeff Bezos and Jack Ma Quotes.

  • “I try to make myself happy because I know that if I’m not happy, my colleagues are not happy and my shareholders are not happy and my customers are not happy.” ~ Jack Ma
  • “I believe you have to be willing to be misunderstood if you’re going to innovate.” ~ Jeff Bezos
  • “I want to change history, do something important in my life, and influence individuals like we have with millions of small businesses on Alibaba. Then they love and respect you because you made their life important.” ~ Jack Ma
  • “If your customer base is aging with you, then eventually you are going to become obsolete or irrelevant. You need to be constantly figuring out who are your new customers and what are you doing to stay forever young.” ~ Jeff Bezos
  • “If we are a good team and know what we want to do, one of us can defeat ten of them.” ~ Jack Ma
  • “A company shouldn’t get addicted to being shiny, because shiny doesn’t last.” ~ Jeff Bezos
  • “Never give up. Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine.” ~ Jack Ma
  • “I don’t want to be liked. I want to be respected.” ~ Jack Ma
  • “My job is to help more people have jobs.” – Jack Ma
  • “A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well.” ~ Jeff Bezos 

Jack Ma Alibaba Supply Chain

Jack Ma Alibaba CEO

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