Increase your liquidity in four simple steps

Posted by Philipp Flemming on Oct 21, 2020 8:49:03 AM

Few anticipated the apocalypse that 2020 has so far been, and fewer still prepared for it. As the numbers of cases rise again, we aren’t suggesting building a bunker or panic-buying the pasta aisle again. Instead, we want to talk about liquidity, and how an effective approach to working capital management will help you navigate and emerge strengthened from the crisis. If you want to improve your business’ liquidity and sail smoothly over this second wave, then here are four simple measures to help free up your working capital. 

Topics: working capital management

What economic downturn can teach you about working capital management

Posted by Philipp Flemming on Oct 15, 2020 8:30:00 AM

In the last few months, we have seen how important liquidity is: as the COVID-19 crisis hit, a threat to the survival of many companies surfaced within the first few weeks. More than ever, this shows the importance of working capital management as an existential element to the financial health of your business. This article kicks off our series on working capital management. In the next weeks, we will take a deep dive into working capital management and its most important aspects. This week: the impact of economic downturn on working capital management.

Topics: performance gap, covid19, working capital management

The untapped gold mine of Supply-Chain-as-a-Service

Posted by Dr. Christoph Kilger on Oct 8, 2020 1:00:00 PM

The introduction of new technologies changes the way the supply chain is organized. Cloud computing has initiated a movement from functional supply chains to network-based ecosystems. Through cloud technology, information-based tasks like forecasting, planning, order management, analytics can easily be shared with specialized service providers – enhancing the performance of the supply chain and reducing costs. Cloud technology accelerates Taylorism, giving rise to Supply-Chain-as-a-Service (SCaaS).

Topics: supply chain, analytics

Our view on the ''Lieferkettengesetz''

Posted by Dr. Christoph Kilger on Jul 28, 2020 8:25:37 AM

Supply chain compliance is currently the subject of intense public debate under the heading of "Lieferkettengesetz". Three German federal ministries are involved, some of which have different views. Germany is virtually at the centre of events here: our economic system of large corporations, small and medium-sized enterprises, strong trade unions and moderate political parties committed to the Soziale Marktwirtschaft enables a serious and "mature" discussion on the subject of minimum ethical standards in the supply chain. As a strong exporting nation, we have a great responsibility for this topic.  

Topics: transparency, Lieferkettengesetz, supply chain law

Speed of innovation

Posted by Philipp Flemming on Jun 6, 2020 12:56:31 PM

The speed of innovation has increased significantly over the last 15 years. The success of technology and innovation leaders like Alphabet, Apple, Amazon and Microsoft illustrates this development.

 

Topics: supply chain, innovation

Covid-19 bullwhip revisited

Posted by Dr. Christoph Kilger on May 27, 2020 3:36:19 PM

As described in my earlier post, many supermarkets around the world experienced shortages of toilet paper due to the Covid-19 induced bullwhip effect. Now, we witnessed the second phase of this phenomenon. As consumers increased the safety stock levels of toilet paper in their homes in order to prevent stockouts – resulting in stockouts on the supermarket shelves – they purchased a lower quantity in the last week.

Topics: supply chain, covid19, bullwhip effect

Covid-19 induced bullwhip effect

Posted by Dr. Christoph Kilger on May 25, 2020 9:04:50 PM

In the last weeks, toilet paper was short in many supermarkets due to Covid-19. This is a nice example of the dynamics in supply chains, where a small change might lead to tremendous fluctuations of demand and supply.

Topics: supply chain, covid19, bullwhip effect

Product portfolio complexity

Posted by Dr. Christoph Kilger on May 25, 2020 9:04:11 PM

The product portfolio and complexity have the biggest impact on supply chain performance. A supply chain's purpose is to provide physical goods. The number of physical goods and their structure (number of raw materials, components, variants) determine directly the quality of forecast, the amount of safety stocks and the delivery performance.

Topics: product portfolio, complexity, supply chain, performance gap