Read on Twitter
Apple Inc. hit a market cap of $2tn last night.
While there are numerous thing on which apple can be praised.
One of the key components of Apple Inc. is its robust supply chain.
Here is a thread on Apple's supply chain. (1/n)
@Apple @palakzat
While there are numerous thing on which apple can be praised.
One of the key components of Apple Inc. is its robust supply chain.
Here is a thread on Apple's supply chain. (1/n)
@Apple @palakzat
Do you know the Supply chain of Apple Inc. was ranked #1 from 2013 to 2013 by Gartner?
In 2014 Gartner put Apple in another experts class for exhibiting continued authority in their flexible chain. (2/n)
In 2014 Gartner put Apple in another experts class for exhibiting continued authority in their flexible chain. (2/n)
The transition of apple's supply began back in 1998.
Steve Jobs taking control of Apple in 1997 and appointing Tim Cook in operations to transforms messy processes at Apple. (3/n)
Steve Jobs taking control of Apple in 1997 and appointing Tim Cook in operations to transforms messy processes at Apple. (3/n)
When Cook initially took over Apple's supply chain, he cut down the number of component suppliers from 100 to 24.
Forcing companies to compete for Apple's business," writes San Oliver from Apple Insider. (4/n)
Forcing companies to compete for Apple's business," writes San Oliver from Apple Insider. (4/n)
"He also shut down 10 of the 19 Apple warehouses to limit overstocking, and by September of 1998 inventory [stock on hand] was down from a month to only six days.
Inventory turnover was targeted at first, higher the number better the company's Inventory handling capacity.(5/n)
Inventory turnover was targeted at first, higher the number better the company's Inventory handling capacity.(5/n)
Apple's inventory turnover hit its lowest point in September 2018: 37.2x. That means Apple turned its inventory every ten days. (6/n)
Supply chain planning at Apple Inc. is a classic example of the new product development process.
Through this step, they managed to integrate R&D with marketing and other key components, which gave them better results.
This helped them accelerate the process. (7/n)
Through this step, they managed to integrate R&D with marketing and other key components, which gave them better results.
This helped them accelerate the process. (7/n)
Apple is also known as the king of outsourcing for the diverse way of operations they were indulged in. (8/n)
Apple operates with a central warehouse in California, which help them synchronizing data between the central warehouse and its own stores and customers, making operations more efficient and cost-effective (9/n)
The man behind the transition of Apple's Supply chain is Tim Cook, no doubt why Steve Jobs made him the man in charge. (10/10)
@Apple
#Apple #SupplyChain
@Apple
#Apple #SupplyChain
Tim Cook believes that when it comes to technology, inventory deprecates very, very quickly, losing 1-2% of its value each week - “inventory is fundamentally evil” he says.
