This page contains a Flash digital edition of a book.
novel solutions N


Supply Chain Management for Dummies RICH JEFFERSON, AFS VP OF MARKETING AND COMMUNICATIONS


iel Stanton’s Supply Chain Management for Dummies, 2018. It’s a comprehen- sive look at supply chain management, combining all the key elements of the discipline. Supply chain manage- ment has always been with us, from ancient commercial practices to today’s metalcasting producers, but now it’s a heavy-duty academic subject. One of the best summaries of the discipline must be Stanton’s 2018 book of more than 300 pages. If your work touches supply chain


I


management at all, this is a book you want on your shelf for regular reference. After all, supply chain management is “about seeing your business as an interconnected system … the planning and coordination of all the people, processes, and technology involved in creating value.” T at covers an immense amount of information. For full disclosure, I was connected


with Stanton on LinkedIn before his book was published. I discovered Supply Chain Management for Dummies in a post with a photo of Stanton on an airplane perusing a copy of his brand-new book. T e timing was excellent, as I was looking into supply chains just then. I assure you, I


like information. Lots of it. But it should be clear, concise, applicable, and digestible. I am certain I am not alone in this pursuit. T at’s why I recommend Dan-


will be using Supply Chain Management for Dummies for a long time. Here at AFS, we seek to under- stand and connect with every part of the metalcasting supply chain. For those of us who always seek deeper understanding of our industry, this book is highly informative. As a formal academic discipline,


Supply Chain Management has only been around for 30-40 years. It’s an incredibly important subject, and increasingly, businesses seek to hire graduates of supply chain programs. As mentioned above, the scope of the management of supply chains is huge, as you can see from some of the chapters: Understanding Supply Chains from Diff erent Perspectives, Connecting Supply Chain Process, Managing Supply Chain Software, Integrating Advanced Manufacturing into Your Supply Chain, Adopting Supply Chain Metrics, and Selecting a Supply Chain Career. Viewing an entire business from


a bird’s eye view helps understand a supply chain as an interconnected sys- tem, from the origins of all inputs to the fi nal use of products and services. It is beneficial to a business to


explore certain parts of the supply chain in scrupulous detail, but to really “get” a supply chain, managers must strive to know all parts. It’s a


How to Learn More AFS & The Institute offer Casting Supplier Auditing, a


class that teaches supply chain audits of metalcasting facili- ties. It covers audit requirements, developing and perform- ing an audit, and closing the audit loop. For information, contact Bo Wallace via email at BWallace@afsinc.org. For those considering careers in managing supply chains there are solid degree programs. You can also fi nd lectures on YouTube by Dr. Sime Curkovic, Ph.D. Profes- sor of Management in the Integrated Supply Manage- ment Program at Western Michigan University. Curkovic is an expert communicator, and his excitement for supply chains is highly infectious and persuasive. Curkovic has also offered to send resumes of graduates who can help companies better manage their supply chains.


The Reshoring Initiative offers a wonderful tool


for metalcasters called the Total Cost of Ownership (TCO) calculator. The explanatory power of the TCO calculator could help metalcasters demonstrate to casting buyers and designers they’re leaving a lot of money on the table. Too many have ignored the hidden costs of obtaining castings from markets outside of North America. Hidden costs can be in engineering, workflow, pricing, logistics, availability, concept and design costs. These hidden factors typ- ically increase the total cost for product imported from Asia by 15 to 25%, sometimes making the cost higher than domestically supplied product. See http://www.reshorenow.org/tco-estimator/. ■


May/Jun 2018 | METAL CASTING DESIGN & PURCHASING | 45


demanding pursuit. Competent supply chain managers


diligently seek ways to squeeze out more effi ciencies. More effi ciencies mean greater profi ts. Considering the need to increase margins in industry, supply chain management, according to Stanton, is likely to off er the best opportunities for greater effi ciency and increased revenue. Who in business isn’t looking for boosted effi ciencies and more revenue? T ere is probably much more


information in Supply Chain Manage- ment for Dummies than you will need at any given moment. Sections 1-4 have many immedi-


ately applicable parts. You might not need Section 5 on Building Your Sup- ply Chain Management Career, but you might (see sidebar). For those interested in pushing


forward with their self-education in supply chain management, parts of Section 5 will motivate you to pursue advancement in managing supply chains. Stanton’s book could be used as a business communications text. Supply chains are utterly dependent on clarity and precision in communications, and excellent communications in this context can be the diff erence between extracting needed effi ciencies or miss- ing opportunities. ■


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60