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Continuing the Integrated Supply Chain Management Concept

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Core Principles of Integrated Supply Chain Management Integrated Supply Chain Management (ISCM) is built on a foundation of core principles that guide its implementation and ensure the attainment of sustainable value. One of these principles is the concept of the remote cause, which emphasizes the importance of conducting a thorough review of all established norms, processes, and procedures before initiating any activity. This ensures a comprehensive understanding of the environment in which decisions and actions are made. The ultimate goal is to achieve efficiency and optimization, resulting in what is known as Absolute Value. Understanding Absolute Value Absolute Value refers to the actual gain derived from an activity, decision, or action. It represents the life-cycle composite gain, which is directly correlated with three key aspects: Predictive Results : The maximum returns achievable through strategic planning and execution. Progressive Results : The accelerated rate of ret...

Human Capital Development: Solving Low Employee Engagement

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Understanding Human Capital Development Every organization aims to have responsible and engaged employees who can contribute to the success of the business. The more educated the workforce, the more skilled they become in contributing to productivity. Businesses are therefore focused on increasing profitability with the available resources at their disposal. This has led to a growing interest in human capital development and a growing recognition for investment in it through lifelong learning within organizations. Gallup research highlights a global productivity loss of $9.6 trillion (9% of global GDP) due to low employee engagement, with only 23% of global employees currently engaged in their jobs because of a significant lack of “someone encouraging their development.” According to a 2024 Gallup survey, this is a key indicator of human capital decline. Only 30% of U.S. employees strongly agree that someone at work encourages their development. In theory, human capital is found to ...

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