Prof Dr Albert Ladores, former faculty of Asian Institute of Management (AIM) in Manila who is currently the President of iGLOO Supply Chain Philippines, Inc (A Member of YCH Group), had taught his students, "We've said before that their's good growth and bad growth. Good growth is profitable and sustainable; it's responsible growth. Bad growth for its own sake is profitless, wasteful of capital, and even reckless. It has been the undoing of many business leaders obsessed with the drive for size."
It's effortless to tell the difference between good growth and impaired growth. Good growth is profitable, capital efficient, and more than repaying the money invested. Whether our business is growing fast or slowly, big or small, there is just one simple fact we need to determine. What's the real return on our investments?
Prof Albert explained, "A supply chain transforms raw materials and components into finished products delivered to a customer. It is a flow of network of organizations and activities, such as raw materials suppliers, manufacturers, distributors, retailers and customers. Supply chain management (SGM) is the orchestration between all networks comprising procurement, management and storage of raw materials and manufacturing, as well as the moving, delivery, and storing of finished goods and after-market services to create maximum efficiency, lower cost and net value. Put simply, reimagine SGM as a digital network operates in perfect harmony with the business."
Former President of 4As Malaysia, Dato' George Chen, added, "A new generation begins to take over the workforce, the future of SGM will move towards utilizing the latest innovations to improve data reliability, faster workflows, synced data with interconnected systems as much more beyond our imagination. With the new solutions come new problems, and new problems come with new solutions to solve these problems. Find the right technology to implement and talented people to use these tools effectively."
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