Remove Course Remove Definition Remove Military Remove Presentation
article thumbnail

The Most Important and Most Misunderstood Concept in Business - Opportunity Cost

10xLogistics

The concept of NPV (Net Present Value) tries to get at this. Time, of course, is your most valuable resource and that is completely fungible. Many of you know I served in the military and we called this the " Principle of The Concentration of Forces". Theoretically, any project with a positive NPV should be funded.

article thumbnail

Building a better prepared Australian Defence Force after the Defence Strategic Review – supply-chains and logistics and the way in which both improve military resilience

Logistics in War

This is the third and final part of a presentation given at the Australian – New Zealand Defence Logistics Conference during June 2023. Supply chain resilience is, of course, a part of this narrative – as we are reminder every time we hear about guided-weapons or military fuels. There are risks within this acceleration.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How did we get here? Building the Defence logistician – Part One

Logistics in War

Everyone in the room is probably quite confident that they have a definition of what a logistician is; whether you agree with one another is another question. RML, originating in the US military, desired a revolution in process, organisation and skills relevant to logisticians.

article thumbnail

The realities of logistics and strategic leadership: lessons from the ADF’s senior-most logisticians – Part 1

Logistics in War

I have been extremely fortunate to interview a range of senior military officers and public servants through the course of academic research in 2017. All logistics processes at the strategic level are joint; moreover they require military and public service input. The nature of military involvement.

article thumbnail

The realities of logistics and strategic leadership: lessons from the ADF’s senior-most logisticians

Logistics in War

Through the course of 2017, and because of my academic research, I have been extremely fortunate to interview a range of senior military officers and public servants. All logistics processes at the strategic level are joint; moreover they require military and public service input. The nature of military involvement.

article thumbnail

How did we get here? Building the Defence logistician ? Part One

Logistics in War

Everyone in the room is probably quite confident that they have a definition of what a logistician is; whether you agree with one another is another question. RML, originating in the US military, desired a revolution in process, organisation and skills relevant to logisticians.

article thumbnail

Why Is It So Hard to Find Good Help These Days?

Material Handling and Logistics

As the phenomenon of Big Data has taken hold in the private sector, many firms which as recently as 10 years ago devoted minimal resources to large scale database mining and analytics have reversed course. Once in, you’ve got to stay the course. Of course, there are different kinds of regulation. Education is the answer.