Oct 082017
 
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Supply Chain Terms, Quotes and Training.

An assortment of supply chain terms, quotes and various information.  Click into the supply chain training videos to dive deeper into the details.

Supply Chain Terms

“If supply chain had an arch enemy it would be called ‘bad communication’.” ~EverythingSupplyChain.com

When an issue in supply chain arises the cause of it is often bad communication.  Think about the last three problems you experienced in supply chain and was bad communication the culprit?  Many people may be thinking “I communicated effectively, the person just didn’t listen.”  Well, how could communication change so the person would listen correctly?

supply chain

“The supply chain stuff is really trick.” ~Elon Musk

In a few short words Elon Musk sums up supply chain.  If you don’t know, Elon Musk is the CEO of Tesla, SpaceX and Solar City.

supply chain elon musk

“1. Increase Visibility 2. Reduce variability.  These two activities encompass all layers of supply chain management.” ~SupplyChainToday.com

Increasing visibility and reducing variability are constant factors in supply chain.  This helps to improve communication across the supply chain.

supply chain terms

“Having high performing suppliers is key to a well run supply chain.” ~EverythingSupplyChain.com

An organization can have the best people in the world working for them but if you don’t have high performing suppliers your supply chain will suffer.  If you did have the best people working for you, wouldn’t they be sure the suppliers were high performing?

supply chain

“Don’t let the digital supply chain scare you.  Big data, IoT, cloud, AI, drones and deep learning are just ways to improve the supply chain.” ~SupplyChainToday.com

There will always be new buzzwords to get people hooked on the latest technology.  Consultants seem to thrive on buzzwords.  Just remember these terms are just new ways to improve the supply chain.  If you have been in supply chain for awhile you can think back and remember when B2B was a major buzzword.  Think way back when TQM was a major buzzword.  Break things down to the basics and it makes everything easier to understand.

supply chain

“No matter what education you have always keep learning.” ~EverythingSupplyChain.com

This quote can be used by anyone.  You could have an 8th grade education or a phd in supply chain, it doesn’t matter.  ALWAYS KEEP LEARNING.  There is always something to learn and you can learn from anyone.  Sometimes the worst boss is the best teacher because you learn what not to do.

supply chain MBA

“Supply Chain is like nature, it is all around us.” ~Dave Waters

If you don’t think you have supply chain experience you do.  If you ever planned a trip you have experience in logistics.  If you ever bought a house, a car, something from Craigslist etc, you have procurement experience.  There is an example below regarding supply chain experience and cooking a meal.  This may help people understand why it is easy to say supply chain is all around us.

supply chain

“Supply Chain Experience: Plan a meal for 10 people. Everyone must get the food they want and you can’t run out.  you have a $100 budget. Now plan and execute.” ~EverythingSupplyChain.com

If you have ever cooked a meal for more than yourself you have some type of supply chain experience.  You went to the store and sourced your ingredients “raw material/supplies.”  You went home and cooked the meal (manufacturing).  You then served it to the guests (delivered).

supply chain

“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

What is your definition of supply chain?  There are numerous definitions out there and below is just one example of a way people describe supply chain.

supply chain definition

“Bullwhip Effect: Shifts in customer demand are magnified the farther you move up the supply chain.  This leads to large fluctuations in inventory.” ~EverythingSupplyChain.com

The cause of the bullwhip effect is bad communication.  This ties back with one of the quotes above.  Understanding demand is extremely difficult and I am guessing some people are saying attributing the bullwhip effect to just bad communication does not account for the complexities that go into understanding demand.  By boiling things down to the simplest terms it often makes a difficult concept easier to understand.  Here is some more information that expands on the Bullwhip Effect.

supply chain terms

“Focus on something the customer wants, and then deliver it.” ~Sam Walton, founder of Walmart and created the Walmart Supply Chain.

Sam Walton knew the customer wanted low prices.  The lower the prices the better.  The Walmart Supply Chain is how Sam Walton provide the everyday low prices.

Walmart Supply Chain

“Total Cost of Ownership (TCO): All costs associated with procurement and using the item.” ~EverythingSupplyChain.com

An example of Total Cost of ownership would be buying an economy car that is $2,000 cheaper than its nearest competitor.  But what you soon find out is that you are constantly in the garage having it fixed.  Even if the vehicle is under warranty it is still taking up valuable time to take it in and then have to rent a car or borrow one.  Then once the warranty is up the $2,000 dollars you saved in price is eaten up by repairs.

supply chain total cost of ownership

“If you can’t explain it simply, you don’t understand it well enough.” ~Albert Einstein

Break things down into simple terms.  Some people trying to make everything complex, be the person who tries to make things simple.  The Warren Buffett quote goes well with this.  Many of the quotes and terms on this page break things down into simple phrases.  From there, you can add all the complexities you wish.

supply chain basics

“The business schools reward complex behavior more than simple behavior, but simple behavior is more effective.” ~Warren Buffett

Simple beats complex.  Steve Jobs has a great quote that goes well with what Warren Buffett is saying below.  “Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.” ~Steve Jobs

MBA supply chain

“Train your procurement organization well.  This investment can save millions of dollars.” ~EverythingSupplyChain.com

If your procurement organization isn’t what it needs to be what are you doing to improve it?  Not saying you need to spend millions of dollars in training, just saying you need to be sure the organization is trained.  The list of supply chain terms on this page is another place to start.

Supply Chain Training

“Strategic sourcing in the simplest terms – leveraging all resources to get the best value for the company.” ~EverythingSupplyChain.com

The procurement organization can save a company millions of dollars.

Strategic Sourcing Supply Chain

“When you surround an army, leave an outlet free.  Do not press a desperate foe too hard.” ~Sun Tzu

Always thought the Art of War was an interesting book to apply to business.  This quote applies well when dealing with suppliers.  Don’t squeeze suppliers too much.  They will either go out of business or refuse to do business with your company.

supply chain art of war

“You don’t want to negotiate the price of simple things you buy everyday.” ~Jeff Bezos, founder and CEO Amazon.

Good quote to see how Amazon went about with their pricing strategy.

Amazon Supply Chain

“We care about every worker in our worldwide supply chain… What we will not do – and never have done – is stand still or turn a blind eye to problems in our supply chain.  On this you have my word.” ~Tim Cook

Tim Cook is the current CEO of Apple.  Would encourage people to research Tim Cook and what he did to make the Apple supply chain one of the best in the world.

Apple supply chain

“The goal as a company is to have customer service that is not just the best but legendary.” ~Sam Walton, founder of Walmart.

Sam Walton did amazing things with the Walmart supply chain.  The goal was legendary service and much of that was done because of supply chain innovations.

Walmart supply chain

“Reduct maverick spending: maverick spending is said to be around 10%-20% higher than purchasing from companies with negotiated contracts.” ~SupplyChainToday.com

maverick spend supply chain

Aggregated Training Information.

 

Supply-Chain Quotes

  • “Every breakthrough business idea begins with solving a common problem. The bigger the problem, the bigger the opportunity. I discovered a big one when I took apart an IBM PC. I made two interesting discoveries: The components were all manufactured by other companies, and the system that retailed for $3,000 cost about $600 in parts.”  ~ Michael Dell
  • “Why not make the work easier and more interesting so that people do not have to sweat?  The Toyota style is not to create results by working hard. It is a system that says there is no limit to people’s creativity.  People don’t go to Toyota to ‘work’ they go there to ‘think’”   ~Taiichi Ohno
  • “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
  • “We are the most focused company that I know of or have read of or have any knowledge of. We say no to good ideas every day. We say no to great ideas in order to keep the amount of things we focus on very small in number, so that we can put enormous energy behind the ones we do choose…..It’s not just saying yes to the right products, it’s saying no to many products that are good ideas, but just not nearly as good as other ones.”  ~ Tim Cook, CEO Apple.
  • “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
  • “Gentlemen, the officer who doesn’t know his communications and supply as well as his tactics is totally useless.”  ~ General George S. Patton
  • “Leaders win through logistics. Vision, sure. Strategy, yes. But when you go to war, you need to have both toilet paper and bullets at the right place at the right time. In other words, you must win through superior logistics.”  ~ Tom Peters
  • “For much of Toyota’s history, we have ensured the quality and reliability of our vehicles by placing a device called an andon cord on every production line – and empowering any team member to halt production if there’s an assembly problem. Only when the problem is resolved does the line begin to move again.”  ~ Akio Toyoda, CEO Toyota Motor Company
  • “At Wal-Mart, it goes back to Sam Walton and the foundation and business model that we simply operate for less, or everyday low cost. We’re known for operating in a very efficient way and then giving those savings to customers.”  ~ Mike Duke, former CEO Walmart
  • “All we are doing is looking at the time line, from the moment the customer gives us an order to the point when we collect the cash. And we are reducing the time line by reducing the non-value adding wastes.”  ~ Taiichi Ohno, father of the Toyota Production System
  • “Here’s to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They’re not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them. About the only thing you can’t do is ignore them. Because they change things. They push the human race forward. And while some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do.” ~ Steve Jobs
Sep 262017
 
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Supply Chain Technology Quotes

The use of supply chain technology continues to improve the supply chain.  Emerging technologies like IoT, Big Data, Drones, Deep Learning and Machine Learning will revolutionize supply chain.

“New ways to improve the supply chain: Artificial Intelligence, IoT, Big Data, Augmented Reality, Blockchain, Drones, Machine Learning.”  ~SupplyChainToday.com.

supply chain technology IoT, Big Data drones blockchain machine learning

“Machine Learning will revolutionize supply chain automation.” ~Dave Waters.

Machine Learning Supply Chain technology

“Don’t let the digital supply chain scare you.  Big Data, IoT, Cloud, AI, Drones and Deep Learning are just ways to improve the supply chain.” ~SupplyChainToday.com.

Supply Chain Technology

“The factory is the machine that builds the machine.” ~Elon Musk.

Elon Musk Technology Quote

“Deep Learning will change the lives of all of us.  What is Deep Learning?  It’s behind what makes self-driving cars a reality.” ~Dave Waters.

Supply Chain Technology

“Remember all the hype behind B2B procurement?  Some was true some was not.  Ask lots of questions about the digital supply chain.” ~EverythingSupplyChain.com.

Digital Supply Chain Technology

“Just as electricity transformed almost everything 100 years ago, today I actually have a hard time thinking of an industry that I don’t think AI (artificial intelligence) will transform in the next several years.” ~Andrew Ng. 

Artificial Intelligence technology

“Machine Learning is the future of supply chain automation.” ~EverythingSupplyChain.com.

Supply Chain Technology

“Computers are able to see, hear and learn.  Welcome to the future.” ~Dave Waters.

Future supply chain technology

“Drones have the potential to drastically improve the last mile delivery times.  Imagine ordering batteries and 30 minuters later they are delivered to the back yard.” ~EverythingSupplyChain.com.

supply chain drones technology

“To understand the predictive enterprise research artificial intelligence, machine learning and deep learning.” ~Dave Waters.

Supply Chain Technology

 

Supply Chain Technology.

  • “Lets go invent tomorrow instead of worrying about what happened yesterday.” ~Steve Jobs
  • “You can only do so many things great, and you should cast aside everything else.” ~ Tim Cook, CEO of Apple and made the Apple Supply Chain what it is today.
  • “The predictive supply chain: Artificial Intelligence; Machine Learning; Deep Learning. ~SupplyChainToday.com
  • “For the blue-collar worker, the driving force behind change was factory automation using programmable machine tools. For the office worker, it’s office automation using computer technology: enterprise-resource-planning systems, groupware, intranets, extranets, expert systems, the Web, and e-commerce.” ~Tom Peters
  • “You don’t want to negotiate the price of simple things you buy every day.” ~Jeff Bezos, founder of Amazon and as well as the Amazon Supply Chain.
  • “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.
  • “SpaceX is only 12 years old now. Between now and 2040, the company’s lifespan will have tripled. If we have linear improvement in technology, as opposed to logarithmic, then we should have a significant base on Mars, perhaps with thousands or tens of thousands of people.” ~Elon Musk.
  • “The Internet of Things (IoT) will change the supply chain.  Research IoT before you get left behind.” ~SupplyChainToday.com. 
  • “In Japan, a company worker’s position is secure. He is retrained for another job if his present job is eliminated by productivity improvement. W. Edwards Deming
  • “I have a great respect for incremental improvement, and I’ve done that sort of thing in my life, but I’ve always been attracted to the more revolutionary changes. I don’t know why. Because they’re harder. They’re much more stressful emotionally. And you usually go through a period where everybody tells you that you’ve completely failed.” ~Steve Jobs, co-founder and former CEO of Apple Computers.
  • “Computers are magnificent tools for the realization of our dreams, but no machine can replace the human spark of spirit, compassion, love, and understanding.”  ~Louis Gerstner, former CEO of IBM.

Supply Chain Technology Resources.

 

Sep 162017
 
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Machine Learning Quotes

A list of machine learning quotes that will get you thinking about the future.  Artificial intelligence, machine learning, and deep learning are the future.

“A baby learns to crawl, walk and then run.  We are in the crawling stage when it comes to applying machine learning.” ~Dave Waters

Machine Learning Quotes

“Interesting in predictive analytics? Then research artificial intelligence, machine learning, and deep learning.” ~SupplyChainToday.com

artificial intelligence machine learning quote

“Machine learning will automate jobs that most people thought could only be done by people.” ~Dave Waters

machine learning automation jobs

“Don’t let the digital supply chain scare you.  Big data, IoT, cloud, AI, drones and deep learning are just ways to improve the supply chain.” ~SupplyChainToday.com

machine learning supply chain automation

“Computers are able to see, hear and learn.  Welcome to the future.” ~Dave Waters

machine learning quote

“Machine Learning: A computer is able to learn from experience without being specifically programmed.”

machine learning definition

“Although still in its infancy, machine learning will be a game changer in supply chain. ~SupplyChainToday.com

machine learning game changer automation

“Machine learning will increase productivity throughout the supply chain.” ~Dave Waters

supply chain machine learning

Machine Learning Training.

Artificial Intelligence and Machine Learning Quotes.

  • “We have some catching up to do in the area of machine learning and artificial intelligence.” ~Klaus Froehlich
  • “Artificial Intelligence, deep learning, machine learning — whatever you’re doing if you don’t understand it — learn it. Because otherwise you’re going to be a dinosaur within 3 years.” ~Mark Cuban
  • “Just as electricity transformed almost everything 100 years ago, today I actually have a hard time thinking of an industry that I don’t think AI (Artificial Intelligence) will transform in the next several years.” ~Andrew Ng
  • “Artificial Intelligence will be rampant in the digital supply chain” ~Dave Waters
  • The field of Artificial Intelligence is set to conquer most of the human disciplines; from art and literature to commerce and sociology; from computational biology and decision analysis to games and puzzles.” ~Anand Krish 
  • “Machine intelligence is the last invention that humanity will ever need to make.” ~Nick Bostrom
  • “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
  • “The future is ours to shape. I feel we are in a race that we need to win. It’s a race between the growing power of the technology and the growing wisdom we need to manage it.” ~Max Tegmark
Sep 072017
 
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Elon Musk Quotes for Tesla Supply Chain

Elon Musk has a wide assortment of quotes.  Here are a few quotes that pertain to the Tesla Supply Chain.  If you aren’t sure who Elon Musk is, he is the CEO of Tesla, SpaceX and the Boring Company.    Elon Musk also has some great artificial intelligence quotes so be sure to check those out.

“We believe the Tesla semi will deliver a substantial reduction in the cost of cargo, while increasing safety…” ~Elon Musk

Tesla Supply Chain

“When Henry Ford made cheap, reliable cars, people said ‘nah, what’s wrong with the horse?’ That was a huge best he made, and it worked.”  ~Elon Musk, CEO of Tesla, SpaceX and the Boring Company.

Tesla Supply Chain Elon Musk Henry Ford

“Starting and growing a business is as much about the innovation, drive, and determination of the people behind it as the product they sell.” ~Elon Musk

Tesla Supply Chain Elon Musk Quotes

“With the Model 3, a future compact SUV and a new kind of pickup truck, we plan to address most of the consumer market.” ~Elon Musk

Tesla Supply Chain

“Great companies are built on great products.” ~Elon Musk

Elon Musk Quotes Tesla Supply Chain

Tesla Supply Chain Blogs.

Aug 242017
 
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Best Supply Chain Automation Quotes

Artificial intelligence, deep learning, 3D printing, big data, and machine learning will revolutionize supply chain automation.  White collared jobs will be taken by this future automation.

“I’m going to do this crazy thing.  I’m going to start this company selling books online.” ~Jeff Bezos.

Supply Chain Automation Jeff Bezos

“Game changers for supply chain automation: artificial intelligence, 3D Printing, IoT, autonomous vehicles.” ~SupplyChainToday.com.

Supply Chain Automation

“Supply Chain automation using emerging technologies such as IoT and artificial intelligence will drive efficiency like we have never seen before.”  ~Dave Waters.

Supply Chain Automation artificial intelligence

“To succeed in this world, you have to change all the time.” ~Sam Walton.

Walmart supply chain automation

“Supply chain automation buzzwords: Machine Learning, 3D Printing, IoT (Internet of Things), Deep Learning, Autonomous Vehicles.” ~EverythingSupplyChain.com.

supply chain automation deep learning

“Deep learning will revolutionize supply chain automation.” ~Dave Waters.

Supply Chain Automation

“Innovation distinguishes between a leader and a follower.” ~Steve Jobs

Apple innovation supply chain automation

“Whit collar jobs are already being taken by artificial intelligence.  The future is here.  ~Dave Waters

artificial intelligence quote

“Those in supply chain know the impossible is possible.” ~EverythingSupplyChain.com.

supply chain

“Truck and bus drivers; Uber, Lyft and taxi drivers; self-driving vehicles take those jobs.” ~SupplyChainToday.com.

supply chain automation uber self driving vehicles

“Past supply chain automation efforts will pale in comparison to the automation coming with IoT (Internet of Things) and artificial intelligence.”  ~Dave Waters.

supply chain automation

“Any employee driving a machine to move pallets could be replaced with a self-driving machine.” ~EverythingSupplyChain.com.

self driving machine supply chain

Supply Chain Automation Training:

More quotes:

“Just as electricity transformed almost everything 100 years ago, today I actually have a hard time thinking of an industry that I don’t think AI (Artificial Intelligence) will transform in the next several years.” ~Andrew Ng

“People are trusting Artificial Intelligence with their lives in self-driving cars. What’s next?” ~EverythingSupplyChain.com

“If people trust artificial intelligence (AI) to drive a car, people will most likely trust AI to do your job.” ~Dave Waters

“We are creating a world where computers can take over. Artificial Intelligence, autonomous vehicles, drones, .  Scared yet?”  ~SupplyChainToday.com

“Self-driving vehicles, automatically choosing the most efficient route… Artificial Intelligence will dramatically improve logistics.” ~Dave Waters

“Artificial Intelligence is the new electricity.” ~Andrew Ng

 

Aug 172017
 
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Supply Chain Quotes by Elon Musk, Sam Walton, Tim Cook, Jeff Bezos…

An assortment of great Supply Chain quotes.  Quotes are included from the CEOs and/or founders of Amazon, Apple, Dell Computer, Ford, Toyota, Walmart and so forth.

“The supply chain stuff is really tricky.” ~Elon Musk, CEO of Tesla and SpaceX.

Elon Musk Supply Chain

“If you are going to do TPS you must do it all the way.  You also need to change the way you think.  You need to change how you look at things.”  ~ Taiichi Ohno, father of the Toyota Production System

Taiicho Ohno Toyota Production System TPS supply chain quote

“Standards should not be forced down from above but rather set by the production workers themselves.” ~ Taiichi Ohno

supply chain

“Leader win through logistics.  Vision, sure. Strategy, yes.  But when you go to war, you need to have both toilet paper and bullets at the right place at the right time.  In other words, you must win through superior logistics.”  ~ Tom Peters

Supply Chain

“Without data, you’re just another person with an opinion.” ~ W. Edwards Deming

Big Data supply chain quotes

“Everyone has the heart of a champion on game day.  It’s the heart you have during the weeks, months, and years of preparation that actually makes a difference.”  ~ John Raymond

John Raymond

“It takes 20 years to build a reputation and five minutes to ruin it.  If you think about that, you’ll do things differently.”  ~ Warren Buffett, CEO of Berkshire Hathaway.

supply chain

“We have to make sure, at Apple, that we stay true to focus, laser focus – we know we can only do great things a few times, only on a few products.” ~ Tim Cook, CEO of Apple.

Tim Cook CEO Apple Supply Chain quote

“Supply Chain is like nature, it is all around us.” ~Dave Waters

supply chain

The future of the predictive supply chain: Artificial Intelligence; Machine Learning; Deep Learning.

supply chain

“Deep learning will revolutionize supply chain automation.” ~Dave Waters

Supply Chain

More Supply Chain Quotes:

What are some of your favorite supply chain quotes?

  • “The supply chain stuff is really tricky.” ~Elon Musk, CEO of Tesla and SpaceX.
  • “For much of Toyota’s history, we have ensured the quality and reliability of our vehicles by placing a device called an andon cord on every production line – and empowering any team member to halt production if there’s an assembly problem. Only when the problem is resolved does the line begin to move again.” ~ Akio Toyoda.
  • “If you think of standardization as the best that you know today, but which is to be improved tomorrow; you get somewhere.”  ~ Henry Ford, founder Ford Motor Company.
  • “Supply chains are everywhere. From the biggest company in the world to running your household. We all have supply chain experience even if we don’t know it.” ~ EverythingSupplyChain.com.
  • “All we are doing is looking at the time line, from the moment the customer gives us an order to the point when we collect the cash. And we are reducing the time line by reducing the non-value adding wastes.”  ~Taiichi Ohno, father of the Toyota Production System (TPS).
  • “Information is power, and the gain you get from empowering your associates more than offsets the risk of informing your competitor.”  ~ Sam Walton, made Walmart Logistics a key differentiator.
  • “Artificial Intelligence will be rampant in the digital supply chain” ~Dave Waters.
  • “An hour saved at the non-bottleneck is a mirage.”   ~ Eliyahu M. Goldratt, author of The Goal.
  • “Don’t be afraid to fail. Get out there and experiment and learn and fail and get a rate based on the experiences you have. Go for it and when you go for it you’ll learn what you’re capable of, what the potential is, where the opportunities are, but you can’t be afraid to fail because that’s when you learn.”  ~ Michael Dell.
  • “When something is important enough, you do it even if the odds are not in your favor.” ~ Elon Musk, CEO of Tesla and SpaceX.
  • “Leaders get out in front and stay there by raising the standards by which they judge themselves – and by which they are willing to be judged.” ~ Frederick W. Smith, founder of FedX.
  • “I think frugality drives innovation, just like other constraints do. One of the only ways to get out of a tight box is to invent your way out.” ~ Jeff Bezos, founder of Amazon and a Supply Chain Innovator.
  • We care about every worker in our worldwide supply chain… What we will not do – and never have done – is stand still or turn a blind eye to problems in our supply chain. On this you have my word. ~Tim Cook, CEO of Apple and Supply Chain Expert. 
  • “For much of Toyota’s history, we have ensured the quality and reliability of our vehicles by placing a device called an andon cord on every production line – and empowering any team member to halt production if there’s an assembly problem. Only when the problem is resolved does the line begin to move again.”  ~ Akio Toyoda, CEO Toyota Motor Company.
  • “The goal as a company is to have customer service that is not just the best but legendary.” ~ Sam Walton, founder and CEO of Walmart.
  • “A relentless barrage of “why’s” is the best way to prepare your mind to pierce the clouded veil of thinking caused by the status quo.  Use it often.”  ~ Shigeo Shingo.
  • “Self-driving vehicles, automatically choosing the most efficient route… Artificial Intelligence will dramatically improve logistics.” ~Dave Waters
  • “Every breakthrough business idea begins with solving a common problem. The bigger the problem, the bigger the opportunity. I discovered a big one when I took apart an IBM PC. I made two interesting discoveries: The components were all manufactured by other companies, and the system that retailed for $3,000 cost about $600 in parts.”  ~ Michael Dell, founder of Dell Computer and created the Dell Supply Chain.
  • “Be a supply chain innovator. Research Internet of Things (IoT); Machine Learning; Deep Learning, Big Data, Blockchain, Drones, Augmented Reality, Artificial Intelligence…” ~EverythingSupplyChain.com.
  • “Deep learning will revolutionize supply chain automation.” ~Dave Waters.
  • “Many of our best opportunities were created out of necessity. “ ~ Sam Walton, created the Walmart Supply Chain.

 

 

 

Aug 122017
 
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Elon Musk Quotes

“I think it’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better. I think that’s the single best piece of advice: constantly think about how you could be doing things better and questioning yourself.”  ~ Elon Musk.

“Pay attention to negative feedback and solicit it, particularly from friends. hardly anyone does that, and it’s incredibly helpful.”  ~Elon Musk.

“If you’re trying to create a company. It’s like baking a cake. You have to have all the ingredient in the right proportion.” ~Elon Musk.

“It is a mistake to hire huge numbers of people to get a complicated job done. Numbers will never compensate for talent in getting the right answer (two people who don’t know something are no better than one), will tend to slow down progress, and will make the task incredibly expensive.” ~Elon Musk.

“People should pursue what they’re passionate about. That will make them happier than pretty much anything else.” ~Elon Musk.

“I always have optimism, but I’m realistic. It was not with the expectation of great success that I started Tesla or SpaceX… It’s just that I thought they were important enough to do anyway.” ~Elon Musk.

“The first step is to establish that something is possible; then probability will occur.” ~Elon Musk.

“Don’t delude yourself into thinking something’s working when it’s not, or you’re gonna get fixated on a bad solution.” ~Elon Musk.

“Brand is just a perception, and perception will match reality over time. Sometimes it will be ahead, other times it will be behind. But brand is simply a collective impression some have about a product.” ~Elon Musk.

“Failure is an option here. If things are not failing, you are not innovating enough.” ~Elon Musk.

“I do think there is a lot of potential if you have a compelling product and people are willing to pay a premium for that. I think that is what Apple has shown. You can buy a much cheaper cell phone or laptop, but Apple’s product is so much better than the alternative, and people are willing to pay that premium.” ~Elon Musk.

“People work better when they know what the goal is and why. It is important that people look forward to coming to work in the morning and enjoy working.” ~ Elon Musk

“Persistence is very important. You should not give up unless you are forced to give up.” ~Elon Musk.

“I would just question things… It would infuriate my parents… That I wouldn’t just believe them when they said something ’cause I’d ask them why. And then I’d consider whether that response made sense given everything else I knew.” ~Elon Musk

“Any product that needs a manual to work is broken.” ~Elon Musk.

“There are really two things that have to occur in order for a new technology to be affordable to the mass market. One is you need economies of scale. The other is you need to iterate on the design. You need to go through a few versions.” ~Elon Musk.

“Constantly think about how you could be doing things better. Keep questioning yourself.” ~Elon Musk.

“I think the best way to attract venture capital is to try and come up with a demonstration of whatever product or service it is and ideally take that as far as you can. Just see if you can sell that to real customers and start generating some momentum. The further along you can get with that, the more likely you are to get funding.” ~Elon Musk.

“If something is important enough, even if the odds are against you, you should still do it.” ~Elon Musk.

“I could either watch it happen or be part of it.” ~Elon Musk.

“If you’re co-founder or CEO, you have to do all kinds of tasks you might not want to do… If you don’t do your chores, the company won’t succeed… No task is too menial.” ~Elon Musk,

“I think it is possible for ordinary people to choose to be extraordinary.” ~Elon Musk

Elon Musk Quotes

elon musk quotes

 

Aug 082017
 
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Artificial Intelligence, Machine Learning and Deep Learning Quotes

We are in the crawling stages of Artificial Intelligence and Deep Learning.  We encourage everyone to do research in this area.  Artificial Intelligence will change business as well as our personal lives.  It may sound like science fiction but Artificial Intelligence is already here and many people are utilizing it.   So everyone is aware, Deep Learning is a subset of Machine Learning, and Machine Learning is a subset of Artificial Intelligence.  With self driving vehicles constantly being in the news thought this would be a good topic to discuss.  Companies like Tesla, Uber, and Google are using Deep Learning to make self driving vehicles a reality.

“The future of the predictive supply chain: Artificial Intelligence; Machine Learning; Deep Learning.” ~SupplyChainToday.com

artificial intelligence machine learning deep learning supply chain

“Artificial Intelligence is the new electricity.” ~Andrew Ng

artificial intelligence is the new electricity

“Deep learning will revolutionize supply chain automation.” ~Dave Waters

deep learning supply chain

“Buzzwords of the future of supply chain? Internet of Things, Big Data, Industry 4.0, Artificial Intelligence, Blockchain, Augmented Reality…” ~SupplyChainToday.com

artificial intelligence deep learning supply chain

“Just as electricity transformed almost everything 100 years ago, today I actually have a hard time thinking of an industry that I don’t think AI (Artificial Intelligence) will transform in the next several years.” ~Andrew Ng

Artificial intelligence quote

“What’s behind the driverless cars? Artificial Intelligence, or more specifically Deep Learning.” ~Dave Waters

Deep Learning Quotes

“Robots took the jobs of factory workers. Artificial Intelligence will take the jobs of office workers.” ~EverythingSupplyChain.com

supply chain artificial intelligence

“Interested in predictive analytics?  Then research Artificial Intelligence, Machine Learning, and Deep Learning.” ~SupplyChainToday.com

Deep Learning Quotes

“A baby learns to crawl, walk and then run.  we are in the crawling stage when it comes to applying Artificial Intelligence.” ~Dave Waters

artificial intelligence supply chain quote

We hope you like the Artificial Intelligence and Deep Learning quotes.  We encourage everyone to do more research on these topics.

Digital Supply Chain Training.

 

Jul 012017
 
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Logistics Quotes

Here are a few logistics quotes.  Tell us your favorites.

“You will not find it difficult to prove that battles, campaigns, and even wars have been won or lost primarily because of logistics.” ~ Dwight D. Eisenhower.

Logistics Quote

“The amateurs discuss tactics: the professionals discuss logistics.” ~ Napoleon Bonaparte

Logistics quotes

“Major changes are coming to logistics. In the near future you will order a product and 30 minutes later a drone will drop it off right outside your door.” ~SupplyChainToday.com.

logistics drones

“Logistics isn’t that important.  Unless you are Walmart, Amazon, Alibaba, the military… :-)” ~SupplyChainToday.com.  For those who don’t get sarcasm that is what this one is about.  Logistics is IMPORTANT!!

walmart logistics

“The line between disorder and order lies in logistics.” ~ Sun Tzu.

logistics quotes

“Residential drone delivery is being tested by a variety of companies.  From delivery packages to delivering pizza, it is in the near future.” ~ SupplyChainToday.com.

Apr 182017
 
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Warren Buffett wasn’t specific about the “Supply Chain” part but this is one of my favorite quotes.

“The business schools reward complex behavior more than simple behavior, but simple behavior is more effective.”  ~ Warren Buffett.

supply chain warren buffet mba quote

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