What is a Circular Supply Chain with Sneha Kumari, Head of Industry Trends at The Circular Supply Chain Network
Manage episode 343760717 series 3374832
Round up, and let’s explore what a Circular Supply Chain looks like.
What if we told you that your supply chain waste could be of value to someone else? Or vice versa? Today’s supply chains are linear, but in the future, The Circular Supply Chain Network plans to change that.
Our guest today understands how to make a material’s life span extend to as long as possible. Sneha Kumari is the Head of Industry Trends at The Circular Supply Chain Network.
On today’s episode, Sneha and Alex discuss how waste from one industry can be of value to another, the importance of failure mode and effects analysis, and ways in which you can turn your linear supply chain into a circular one.
Sneha is a Six Sigma Certified Green Belt Supply Chain Manager with over 9 years of experience improving customer metrics by reducing costs. She is passionate about customer experience and strives to deliver quality products to her customers on time while reducing operational costs. She is a believer in change and is constantly looking for ideas to innovate the current state. As a leader, Sneha empowers her team with decision-making and enables growth within the organization.
Leading a team of 50+ associates, Sneha has led forward and reverse Supply Chain activities and manufacturing operations across global projects and products she has worked on. Sneha has had experience leading demand planning/buying, managing the Master Production Schedule, inventory financial planning, vendor negotiations and Long Term Agreements (LTA) with suppliers, warehouse fulfillment management, and import compliance activities. Sneha has led New Product Introduction (NPI) projects ensuring 100% on-time customer launch while meeting the cost objectives. She has expertise working with electronics, automotive application products, and Home Automation software and hardware applications.
Sneha has leveraged her analytical skills to forecast annual inventory and build data-driven models for 3% YOY improvement in inventory turns and inventory $$. She is a Transaction Kaizen tool champion and led/facilitated 10 Kaizen events implementing process improvement tools driving efficiency while achieving both cost/time saving for the business.
“We want to make sure that you are making use of every single material that you use [in your supply chain] to make that product in the best way possible. The waste that came out of that process either goes back into your supply chain or it goes back to someone else's supply chain.” - Sneha Kumari
*(1:34) Meet Sneha
*(3:21) What is the value of a circular supply chain?
*(7:10) Profiting off of Circularity
*(12:25) Segment 2: Challenges
*(15:30) Audit, Audit, Audit!
*(20:08) Working in smaller loops
*(23:24) Segment 3: The Venting Couch
*(28:50) Segment 4: Back to the Future
*(33:01) Waste from one industry can be a value to another
*(35:10) A Dell case study
*(39:05) Segment 5: Quick Hitters
What would you do if Katie Couric called you at work and told you that your logistics company was breaking the law? This is a totally true and completely terrifying tale which you can read in our e-book Scary Supply Chain Stories To Tell In The Dark. Grab a free copy at Stord.link/scary and get ready to sleep with the lights on. And now back to the episode.