Sep 192017
 
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Disruptive Innovation Explained

Clay Christensen, Harvard Business School professor discusses his landmark theory.

Supply Chain Information.

Innovation Quotes

  • “The reason why it is so difficult for existing firms to capitalize on disruptive innovations is that their processes and their business model that make them good at the existing business actually make them bad at competing for the disruption.” ~ Clayton Christensen
  • “A disruptive innovation is a technologically simple innovation in the form of a product, service, or business model that takes root in a tier of the market that is unattractive to the established leaders in an industry.” ~ Clayton Christensen
  • “Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at all.” ~ Dale Carnegie
  • “The evolving social and digital media platforms and highly innovative and relevant payment capabilities are causing seismic changes in consumer behavior and creating equally disruptive opportunities for business.” ~ Howard Schultz
  • “It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.” ~ Charles Darwin
  • “When something is important enough, you do it even if the odds are not in your favor.” ~ Elon Musk
  • “I don’t feel that this concept of disruptive technology is the solution for everybody. But I think it’s very important for innovators to understand what we’ve learned about established companies’ motivation to target obvious profitable markets – and about their inability to find emerging ones. The evidence is just overwhelming.” ~ Clayton Christensen
  • “Creativity is just connecting things. When you ask creative people how they did something, they feel a little guilty because they didn’t really do it, they just saw something. It seemed obvious to them after a while. That’s because they were able to connect experiences they’ve had and synthesize new things. And the reason they were able to do that was that they’ve had more experiences or they have thought more about their experiences than other people.” ~ Steve Jobs

disruptive innovation dave waters

disruptive innovation

 

Sep 152017
 
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UPS tests residential drone delivery

Residential drone delivery could completely change the last mile.  Many companies are investing heavily in drone technology.  Three minute video.

Digital Supply Chain – IoT, Big Data, Drones, AI, Cloud.

Digital Supply Chain Quotes.

  • “What are your thoughts? Buzzword bingo or the future of supply chain? IoT, drones, deep learning, big data, virtual reality…” ~EverythingSupplyChain.com
  • “If your current systems are giving you inaccurate reports will investing in big data mean you will still get inaccurate reports but just with more data?” ~SupplyChainToday.com
  • “Residential drone delivery is being tested by a variety of companies.  From delivering packages to delivering pizza, drone delivery is in the near future.” ~SupplyChainToday.com.
  • “Listen to anyone with an original idea, no matter how absurd it may sound at first. If you put fences around people, you get sheep. Give people the room they need.” ~ William McKnight, 3M President
  • “Remember all the hype behind B2B procurement?  Some was true was was not.  Ask lots of questions about the digital supply chain.” ~EverythingSupplyChain.com.
  • “Those in supply chain know the impossible is possible.” ~EverythingSupplyChain.com.
  • “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.
  • “Your dream is out there waiting for you.  You just have to go out and get it.” ~Dave Waters

residential drone delivery

residential drone delivery

Sep 132017
 
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The Best Elon Musk Quotes

Here are some of the best Elon Musk quotes. Elon Musk is the CEO of Tesla, SpaceX and Solarcity.  He is a self-made billionaire and is a true entrepreneur.

“When something is important enough, you do it even if the odds are not in your favor.” ~Elon Musk

Elon Musk Quotes

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

Best Elon Musk quotes

“With artificial intelligence, we are summoning the demon.” ~Elon Musk

artificial intelligence AI elon musk

“If Elon Musk is wrong about artificial intelligence and we regulate it who cares.  If he is right about AI and we don’t regulate it we will all care.” ~Dave Waters

Elon Musk regulate artificial intelligence

“With artificial intelligence we are summoning the demon.  In all those stories where there’s the guy with the pentagram and the holy water, it’s like, yeah, he’s sure he can control the demon.  Didn’t work out.” ~Elon Musk

Artificial intelligence Quotes

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

Elon Musk persistence quote

“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

best elon musk quote

“Listening to Bill Gates, Elon Musk and Stephen Hawking talk about artificial intelligence reminds me of the Jurassic Park scene where they talk about chaos theory.” ~Dave Waters

elon musk bill gates stephen hawking artificial intelligence chaos theory

“You shouldn’t do things differently just because they’re different.  They need to be… better.” ~Elon Musk

Elon Musk Quotes

“if you’re trying to create a company, it’s like baking a cake.  You have to have all the ingredients in the right proportion.” ~Elon Musk

Elon Musk Tesla quote

“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

Elon Musk Tesla spacex solarcity

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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.

Sep 022017
 
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Tesla Supply Chain – HOW IT’S MADE TESLA.

Only time will tell if the Tesla Supply Chain will become one of the best in the world.  This video takes you from the start of building the Tesla factory to all the innovations inside.    There are so many innovations happening with Tesla, both with their product as well as in manufacturing. We highly encourage people to research the Tesla Supply Chain.  The Tesla factory is one of the largest in the world.

Tesla Supply Chain Information and more.

Elon Musk Tesla 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.
  • “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.
  • “Pay attention to negative feedback and solicit it, particularly from friends. hardly anyone does that, and it’s incredibly helpful.”  ~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.
  • “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.
  • “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.
  • “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.
  • “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
  • “I think it is possible for ordinary people to choose to be extraordinary.” ~Elon Musk
  • “The Supply Chain stuff is really tricky.” ~Elon Musk.  This was a quote regarding the Tesla Supply Chain.

Tesla Supply Chain

Tesla Supply Chain

Tesla supply chain Elon Musk

 

 

Aug 302017
 
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Tesla Gigafactory Grand Opening Elon Musk

Amazing video on the Tesla Gigfactory.  Tesla is bringing a great deal of innovation to its supply chain.

Supply Chain and Leadership Information.

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.
  • I really do encourage other manufacturers to bring electric cars to market. It’s a good thing, and they need to bring it to market and keep iterating and improving and make better and better electric cars, and that’s what going to result in humanity achieving a sustainable transport future. I wish it was growing faster than it is.” ~ Elon Musk
  • “The revolutionary breakthrough will come with rockets that are fully and rapidly reusable. We will never conquer Mars unless we do that. It’ll be too expensive. The American colonies would never have been pioneered if the ships that crossed the ocean hadn’t been reusable.” ~ Elon Musk
  • “Obviously Tesla is about helping solve the consumption of energy in a sustainable manner, but you need the production of energy in a sustainable manner.” ~ Elon Musk.

Tesla supply chain

 

 

Aug 292017
 
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working capital supply chainManaging working capital is such an important aspect to business but sometimes it can be an afterthought.  This is an area we need to pay more attention to on Supply Chain Today.  Through our networking channels we came across some great information from The Hackett Group.  We posted discussions on this topic in both our LinkedIn and Facebook groups.  We are anxious to hear your thoughts on this topic.

Top performers in working capital now collect from customers over two weeks faster, pay suppliers nearly three weeks slower, and maintain less than half the inventory of typical companies in their industry, according to new working capital research from The Hackett Group, Inc. (NASDAQ: HCKT). Overall, top performers are nearly 3x faster at converting working capital into cash, with a cash conversion cycle (CCC) of only 17 days, nearly 30 days faster than typical companies.

The 2017 U.S. Working Capital Survey, which examined the performance of 1,000 of the largest public companies in the US in 2016, found that typical companies now have more than $1 trillion unnecessarily tied up in working capital.  CCC improved by 4 percent in 2016, largely because companies paid suppliers nearly four days (7.6 percent) slower. At the same time, debt increased by nearly $350 billion (7.3 percent).  CCC is a standard metric used to quantify the ability of companies to convert invested resources into cash, and incorporates payables, receivables, and inventory.

In a separate research piece, The Hackett Group found a direct relationship between sustained working capital optimization and improved earnings and profitability. By reducing the key working capital metric of cash conversion cycle (CCC) by 7 days, companies can add 1 percent to earnings before interest, tax, depreciation and amortization (EBITDA) margin, increasing profitability by about 20 percent (for a company with an EBITDA margin of 5 percent), the research found.

The annual working capital survey is featured in the current issue of CFO Magazine. A complimentary analysis of the survey results is available, with registration, at this link: https://goo.gl/xSPDvq. The companion research on working capital and profitability is also available free, with registration, at this link: https://goo.gl/lCc0AC

The working capital profitability research used advanced regression analysis to establish the strength of the relationship between working capital performance and improved profitability, and to demonstrate that working capital performance was causing the profitability improvement, and not vice versa. The research examined working capital performance over a 10-year period.

A seven-day reduction in CCC can add an additional 1 percent to EBITDA margin in the top 20 industries, the research found – a striking number given that EBITDA margins in many industries today are in the single digits. In the top 10 industries, the potential impact was even greater, totaling over 2 percent EBITDA margin improvement. Assuming an initial EBITDA of 5 percent, this can represent a 20-40 percent improvement, generating significant cash and improving profitability.

“Overall, it’s clear that most companies still don’t see a pressing need to focus on working capital improvement,” said Veronica Wills, associate principal, North America working capital practice lead, The Hackett Group. “Companies came out of the recession knowing they need cash to survive. But they continue to rely on financial instruments like cheap debt and supply chain financing rather than do the fairly straightforward tactical work of optimizing payables, receivables, and inventory.

“This research provides finance leaders with the ammunition they need to make a business case for working capital improvement,” said Wills.  “It tells business leaders precisely how much working capital improvement can be worth on their balance sheet. By making sustainable changes companies can generate real cash that can be used to bolster the bottom line, fund new initiatives and acquisitions, or reduce the need for outside investment.

“It truly takes a village to drive working capital improvement, because sales, procurement, supply chain, and others need to be on board, as they own key parts of the underlying processes,” said Wills. “Cross-functional transformation can be challenging, and the support of corporate leadership is key. We hope finance leaders take this research to their CEOs and COOs, and use it to make the case for change.”

About The Hackett Group

The Hackett Group (NASDAQ: HCKT) is an intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices implementation firm to global companies, offering digital transformation and enterprise application approaches including robotic process automation and cloud computing. Services include business transformation, enterprise performance managementworking capital management and global business services. ‎The Hackett Group also provides dedicated expertise in business strategy, operations, finance, human capital management, strategic sourcing, procurement and information technology, including its award-winning Oracle EPM and SAP practices.

The Hackett Group has completed more than 13,000 benchmarking studies with major corporations and government agencies, including 93% of the Dow Jones Industrials, 87% of the Fortune 100, 87% of the DAX 30 and 58% of the FTSE 100.‎ These studies drive its Best Practice Intelligence Center which includes the firm’s benchmarking metrics, best practices repository and best practice configuration guides and process flows, which enable The Hackett Group’s clients and partners to achieve world-class performance.

More information on The Hackett Group is available at: www.thehackettgroup.cominfo@thehackettgroup.com, or by calling (770) 225-3600.

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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 192017
 
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Dominos Supply Chain

Explore what goes on to make your Dominos pizza.  Maybe more than you expected.

Supply Chain Information.

Supply Chain Quotes

  • “I say an hour lost at a bottleneck is an hour out of the entire system. I say an hour saved at a non-bottleneck is worthless. Bottlenecks govern both throughput and inventory.” ~ Eliyahu M. Goldratt, The Goal.  Supply Chain Expert.  
  • “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.
  • “If you don’t have an essential item that puts people into chaos.  What happens if the coffee runs out in the morning?  Simple but you get the picture.”  ~ Dave Waters.  Supply Chain Expert.
  • “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.  The assembly line changed supply chain.
  • “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 Toyota Production System (TPS).
  • “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.  Supply Chain Expert.
  • “If your supply chain runs without many problems you either have a great supply chain or running very fat.”  ~ Dave Waters.
  • “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.”  ~ Dave Waters.
  • “Many of our best opportunities were created out of necessity. “ ~ Sam Walton, founder of Walmart.
  • “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.
  • “Eighty-five percent of the reasons for failure are deficiencies in the systems and process rather than the employee. The role of management is to change the process rather than badgering individuals to do better.” ~ W. Edwards Deming.

Dominos Supply Chain

 

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.