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Author: Venkadesh Narayanan

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IISCM is a leader in Supply Chain Consulting, Certifications and Executive Development Programs. IISCM is a unit of Fhyzics Business Consultants Private Limited - an Authorized Channel Partner (ACP) of APICS, USA [Part of the Association for Supply Chain Management, ASCM Network]. Fhyzics offers end-to-end support for Certified Supply Chain Professional (CSCP), Certified in Production and Inventory Management (CPIM) and Certified in Logistics, Transportation and Distribution (CLTD) certifications of APICS, USA. For more details, please visit www.IISCM.org or speak to our consultants at +91-900-305-9000.
32 Episodes
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SCM Sparks brought to you by IISCMOne can improve a supply chain only by knowing the start point and the destination. I mean the current state and the future state of the supply chain. Process mapping is a great technique to capture the current state and define the future state of a supply chain. Microsoft Visio is a most prominent tool which can elegantly present the processes of a supply chain to its minutest details. I would say all supply chain professionals should have a decent skill in process mapping and knowledge of Microsoft Visio.  For more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and Executive Development Programs, please visit www.IISCM.org. Fhyzics is an Authorized Channel Partner (ACP) of APICS, USA [Part of the ASCM Network].
SCM Sparks brought to you by IISCM!For any large organizations, supply chain analyst is an important position to continuously improve the supply chain. Supply chain analysts recognize the symptoms, identify the root causes and recommend the right solutions. They help a supply chain to transform from the current state to a better future state. In other words, they ensure that the supply chain is in alignment with the organization’s and customer’s expectations. In summary, supply chain analysts help an organization in the following ten areas:1.      Set a strategic direction for the supply chain2.      Identify the capability gaps in terms of people, processes and systems3.      Map current and future states of supply chain4.      Solve supply chain issues5.      Select appropriate software6.      Develop Standard Operating Procedures7.      Implement Process Improvement8.      Recommend appropriate machineries and MHEs9.      Measure and report your supply chain’s competitiveness and other KPIs10.    Transform the supply chain For more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and Executive Development Programs, please visit www.IISCM.org. Fhyzics is an Authorized Channel Partner (ACP) of APICS, USA [Part of the ASCM Network].
SCM Sparks brought to you by IISCMFor a sound product or service delivery, an organization need to define, measure, analyze, improve and control its inputs, processes and outputs. Supplier certification is a tool to achieve this goal on the input side of an organization. Supplier certification enables an organization to align its suppliers with its quality, cost, flexibility and delivery requirements. A supplier certification may have 20 parameters. Some of these parameters fall under acceptance criteria and others under evaluation criteria. Acceptance criteria is like pass or fail and evaluation criteria is like ranking a supplier. Supplier certification is not a static one, but a dynamic one that constantly moves to a higher level to reflect continuous improvement.  Do you have a supplier certification program in your organization and what are all the acceptance and evaluation criteria? For more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and Executive Development Programs, please visit www.IISCM.org. Fhyzics is an Authorized Channel Partner (ACP) of APICS, USA [Part of the ASCM Network].
SWOT analysis stands for Strengths, Weaknesses, Opportunities and Threats. Both strengths and weaknesses are about the capabilities of my supply chain. Strength is something that is helping my supply chain to succeed and I should preserve and improve it further. Weaknesses are those capabilities that are acting as bottlenecks. For an e-commerce company, sourcing may be their strength and last mile connectivity could be its weakness. On the other hand, opportunities are things that need to be capitalised and threats are those that may jeopardise the company's operations. The growing internet penetration in Indian economy is an opportunity for this e-commerce company, while the growing government regulation on e-commerce businesses could be a threat. Are you ready to do SWOT for your supply chain?For more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and Executive Development Programs, please visit www.IISCM.org. Fhyzics is an Authorized Channel Partner (ACP) of APICS, USA [Part of the ASCM Network].
You may be an experienced SCM professional or someone who would like to make a career in supply chain. If you would like to update yourself with the current practices in supply chain then I would recommend one book that is CPIM Part-1 Learning System from APICS, USA. The 2019 version contains thirteen sections such as SCM Introduction, manufacturing design, continuous improvement, lean, demand management, master planning, MRP, capacity management, purchasing, aggregate inventory management, item inventory management, execution and control and physical distribution. Are you ready to take your knowledge to the next level?For more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and Executive Development Programs, please visit www.IISCM.org. Fhyzics is an Authorized Channel Partner (ACP) of APICS, USA [Part of the ASCM Network].
Risk creates an uncertainty in achieving the objectives of supply chain. Risk may or may not happen and is a combination of events and consequences. The falling of a 2 kg bolt from a truss is an event and it hits an equipment on the ground is a consequence. So, the same event may give rise to different consequences and severity of the risk may change from no-effect or near miss to fatal accidents. ISO:31000:2018 provides terminologies, principles and framework for risk management in organisations. Though ISO:31000:2018 is general in nature, it can be well adopted to manage risk in your supply chain.Do you think your supply chain as a whole or parts of it need risk management? https://www.iso.org/files/live/sites/isoorg/files/store/en/PUB100426.pdfFor more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and Executive Development Programs, please visit www.IISCM.org. Fhyzics is an Authorized Channel Partner (ACP) of APICS, USA [Part of the ASCM Network].
Traditionally the warehouses were serving as a place to receive the goods, store them for long periods and issue them against the orders from the downstream. Do you think the warehouses continue to serve only these purposes? Don’t you think they have evolved and serving demands of today’s new age businesses and customers? So what are all the value-added functions of modern warehouses? Do you think the delivery hubs of e-commerce companies have storage function?For more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and Executive Development Programs, please visit www.IISCM.org. Fhyzics is an Authorized Channel Partner (ACP) of APICS, USA [Part of the ASCM Network].
The three perspectives of defining inventory. They are types of inventory, functions of inventory and nature of inventory. Raw material, work in process, finished goods inventory, distribution inventory and maintenance, repair and operating supplies (MRO) are the types of inventory. Safety stock, cycle stock, decoupling inventory, transportation inventory, hedge inventory, anticipation inventory, buffer inventory are the functions of inventory. The nature of inventory could be independent or dependent. Are you able to discern the differences between types, functions and nature of inventory? For more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and Executive Development Programs, please visit www.IISCM.org. Fhyzics is an Authorized Channel Partner (ACP) of APICS, USA [Part of the ASCM Network].
This podcast is brought to you by IISCM.An economy and its activities can be better understood and well planned by using a business classification system. Fhyzics business classification system has four levels. Level-1: An economy is divided into sectors. They are primary, secondary, tertiary and quaternary. Indicated as P, S, T and Q based on the first character of the sectors.Level-2: Each sectors are divided into domains such as agriculture, manufacturing, banking etc. Indicated as three-character abbreviation such as MFG for manufacturing, BNG for banking etc.Level-3: Each domain is further divided into sub-domains such as cement, sugar, automobile manufacturing etc. Indicated as three-character abbreviation such as CEM for cement and SUG for sugar etc.Level-4: Sub-domains are classified with specialization such as self-driven automobile manufacturing, payment banks etc. Indicated as three-digit numbers. A White Cement manufacturing facility is specified as SMFGCEM007. This 10-character nomenclature of this particular facility clearly denotes the following:S indicates that it is a secondary sectorMFG indicates that it falls under manufacturingCEM indicates that it is a cement manufacturing unit007 indicates that it specializes in white cementFhyzics Standard Operating Procedure development is based on this business classification system. In summary, Fhyzics business classification system has the following four parts:Level-1 as SectorsLevel-2 as DomainsLevel-3 as Sub-DomainsLevel-4 as SpecializationsYou can find more details on Fhyzics Business Classification System in our website www.IISCM.org. Thank you.
Freight Forwarders

Freight Forwarders

2019-07-0902:22

Hi this is Venkadesh Narayanan from IISCM. This podcast is on the role of Freight Forwarders. Let us try to understand the role of freight forwarders through an analogy. Assume that I would like to travel from Chennai to Gaborone the capital city of Botswana in the southern part of Africa for a business trip. To read the full transcript of this podcast, please click here. *****For more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and Executive Development Programs, please visit www.IISCM.org. Fhyzics is an Authorized Channel Partner (ACP) of APICS, USA [Part of the ASCM Network].
This is your host Venkadesh Narayanan from IISCM. According to Customs Broker Licensing Regulations, 2018 the applicants shall meet the following eligibility condition to submit the application1) he is a citizen of India2) he is a person of sound mind3) he is not adjudicated as insolvent4) he holds an Aadhaar number5) he holds a valid PAN card To read the full transcript of this podcast, please click here. *****For more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and Executive Development Programs, please visit www.IISCM.org. Fhyzics is an Authorized Channel Partner (ACP) of APICS, USA [Part of the ASCM Network].
Customs House Agent

Customs House Agent

2019-07-0802:21

Hi, this is Venkadesh Narayanan from IISCM. This podcast is on Customs House Agents. Import and export is a complex process which involves several stakeholders. In addition to performing a movement of goods from or to the terminal, one has to focus on insurance, packaging and hiring carriers, you also need to file several documents with the customs department. To read the full transcript of this podcast, please click here. *****For more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and Executive Development Programs, please visit www.IISCM.org. Fhyzics is an Authorized Channel Partner (ACP) of APICS, USA [Part of the ASCM Network].
Hi this is Venkadesh Narayanan from IISCM. This podcast is on the list of Executive Development Programs offered by IISCM for corporates. The duration of IISCM’s Executive Development Programs range from one to three days and are delivered at organisations across India, Middle-East and Africa. These programs are case study based and have a judicial mix of theory and practice. On completion of the program, the participants would be able to transform the respective business processes in their organisations.To read the full transcript of this podcast, please click here. *****For more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and Executive Development Programs, please visit www.IISCM.org. Fhyzics is an Authorized Channel Partner (ACP) of APICS, USA [Part of the ASCM Network].
Hi this is Venkadesh Narayanan from IISCM. This podcast is for young graduates to help them form a career in supply chain. As you may be aware that supply chains across India need skilled and qualified manpower to manage its operations. This demand is coming from eCommerce companies, multinational corporations and business houses. I have personally witnessed a steep growth in demand for supply chain professionals both at entry and mid-management levels over the last 5 years. Several predictions points out to the fact that supply chain will be one of the leading domains that will offer significant opportunities to young graduates for the next few decades or so. To read the full transcript of this podcast, please click here. *****For more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and Executive Development Programs, please visit www.IISCM.org. Fhyzics is an Authorized Channel Partner (ACP) of APICS, USA [Part of the ASCM Network].
Hi this is Venkadesh Narayanan from IISCM. This podcast is on why a supply chain professional need to pursue supply chain certification?At the beginning of 1990’s when I started working for an engineering firm, supply chain tasks were more or less a common sense. Anyone with a degree in commerce, science and engineering can handle the tasks with little bit of on-the-job training. Those days MBAs were rarest of rare and we never had any programs to educate us in supply chain concepts. I mean there were not many college programs related to supply chain body of knowledge. Some of my best colleagues came from industrial engineering background. To read the full transcript of this podcast, please click here. *****For more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and Executive Development Programs, please visit www.IISCM.org. Fhyzics is an Authorized Channel Partner (ACP) of APICS, USA [Part of the ASCM Network].
Bonded Warehouse

Bonded Warehouse

2019-07-0102:16

Hi this is Venkadesh Narayanan from IISCM. This topic is on Bonded Warehouses. Bonded warehouses are established under the Customs Act, 1962. You can refer sections 57 to 73 under Chapter IX of Customs Act 1962 to learn the various provisions of bonded warehouse in India. Similar to this act almost all countries have legal provisions governed by their respective acts to establish the bonded warehouse. So what is a bonded warehouse? The warehouse promoter or the importer executes a bond with the Customs Department to establish the bonded warehouse, hence that name. Bonded warehouses are normally used by businesses who are in import and export business.To read the full transcript of this podcast, please click here. *****For more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and Executive Development Programs, please visit www.IISCM.org. Fhyzics is an Authorized Channel Partner (ACP) of APICS, USA [Part of the ASCM Network].
Hi, this is Venkadesh Narayanan from IISCM.org. This podcast is on An 8-Step Approach For Career Progress in SCM. The eight steps are Establish Goal, Define Geographies, Identify Domain, Search Companies, Analyse Job Descriptions, Bridge Skill Gap, Connect with Contacts and Followup. Let us go through the 8-steps.To read the full transcript of this podcast, please click here. *****For more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and Executive Development Programs, please visit www.IISCM.org. Fhyzics is an Authorized Channel Partner (ACP) of APICS, USA [Part of the ASCM Network].
Echelons and Nodes

Echelons and Nodes

2019-06-2903:05

Echelons and nodes are very helpful concepts to visualize an end-to-end supply chain. Let us take an automotive supply chain. It contains four levels of suppliers Tier-4, Tier-3, Tier-2 and Tier-1. The Tier-4 supplier supplies to Tier-3 and Tier-3 supplies to Tier-2 and so on until Tier-1. The Tier-1 supplier supplies to the OEM that is the car manufacturing plant. Once the cars are manufactured they are sent to Regional Distributors from where it is sent to the Dealers who manages the showrooms. To read the full transcript of this podcast, please click here. *****For more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and Executive Development Programs, please visit www.IISCM.org. Fhyzics is an Authorized Channel Partner (ACP) of APICS, USA [Part of the ASCM Network].
Backflush Accounting

Backflush Accounting

2019-06-2404:02

Backflush accounting is a manufacturing accounting system where the costing of a product and the inventory consumed are calculated at the point of completion of the manufacturing process. Let us take a scenario at an automobile kitting plant. This kitting plant prepares the kit for the mirrors. At the assembly line each car requires one kit that is composed of the necessary components for the left, right and rear view mirrors. So each kit should contain 3 mirrors, 6 bolts, 6 washers, 6 spring washers and a zip lock pouch, this is also known as the bill of materials of the kit or BOM. The workers at the kitting plant draw these components from the stores and pack them in the zip lock pouch and make the kit. The inventory is deducted based on the BOM once the kit is completed. In a traditional setup, the inventory is deducted when the components are issued, but here the inventory is deducted at the point of completion based on the BOM. This reduces the quantum of transactions and the effort required in accounting. To read the full transcript of this podcast, please click here. *****For more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and Executive Development Programs, please visit www.IISCM.org. Fhyzics is an Authorized Channel Partner (ACP) of APICS, USA [Part of the ASCM Network].
For any manufacturing organisation, we can divide the supply chain into two parts. One is the upstream supply chain and the other is downstream supply chain. In this podcast, I am going to discuss the need for multiple supply chains for the downstream. The downstream supply chain originates at the factory and ends with the delivery of the product to the end consumer. We are concerned only with the forward product flow, so I am not considering the reverse product flow or the reverse logistics part. This sets the scope for our discussion related to multiple supply chains.To read the full transcript of this podcast, please click here. *****For more details related to Supply Chain Consulting, Certifications (CSCP, CPIM and CLTD) and Executive Development Programs, please visit www.IISCM.org. Fhyzics is an Authorized Channel Partner (ACP) of APICS, USA [Part of the ASCM Network].
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