Ren Ng Quotes

Strapped by tight credit and plummeting sales, businesses have overhauled the way they manage supply chains, inventory, production practices and staffing.

When you went into a Boston Chicken and ordered quarter-chicken, white, with mash and corn, when that was rung up, that would signal all the way along the supply chain the need for more potatoes to be put on a truck a thousand miles away.

Supply chains cannot tolerate even 24 hours of disruption. So if you lose your place in the supply chain because of wild behavior you could lose a lot. It would be like pouring cement down one of your oil wells.

Trade isn't about goods. Trade is about information. Goods sit in the warehouse until information moves them.

It was Dell who came out with their build-on-demand process, where they are able to keep a zero balance inventory. That means they don't purchase parts until an order is received. That is a way to greatly reduced overhead, since you don't need to warehouse parts or overstock parts you may not end up using.

We want to turn our inventory faster than our people.

And it has to do with having no inventory or stockpiles on the shelf, but items arrive as you need to build your product. What that means is that it's much more difficult to actually find stockpiles of already built weapons.

Price erosion in components is quite fast. If you can capitalize on that by bringing products to the market faster, you will actually gain a better margin realization.

Why does McDonald's have to count every burger that they sell? What is their ultimate goal? Do they want cows to surrender voluntarily?

While our team managed the manufacturing ramp better than ever before, we could have sold many more iPhones with greater supply and we are working hard to fill orders as quickly as possible.

The modern world is not geared properly to the storage of goods.

I realized I could work for a manufacturer or a hospital, or I could work for a company that enables the manufacturer, the hospital, and everything else.

I was a salesman just out of college, traveling all over American roads in the cause of selling handbags to stores that would in turn sell them to American women, not unlike my father had done.

We can trust technology to effect change - that's a given.

I'd rather bake 14 times a day than bake one time a day and have all the bakers go home, and then everything's 14 hours old by the time anyone eats it. No.

Rethinking product supply chains offers another opportunity for traditional enterprises to introduce a host of positive outcomes.

I have learned a ton about inventory, co-packing, wholesaling, end caps. All these concepts are easy to breeze by in what I do for a living or assume that there is a marketing manager or specialist in one of our companies that handles that.

The list of traceability for some automotive components needs to be rethought for new technologies to send adequate signals about the strengthening of the value chains in North America.

I want every pillow shipped out the day we get the order.

Ever since September 11, I've been quite conservative in what we've ordered. We've never really been supply-demand anyway.

In the past, I had the marketing know how to get people to talk about my products, but I didn't have the infrastructure or logistics to fulfill the demand properly.

The way we are getting parts and services is just in time, at the last minute, into the U.K., and any major disruption in borders and taxes would massively damage the Formula One industry in the U.K.

I've witnessed firsthand the critical role suppliers - and especially the best ones - play in Boeing's success.

There's only so much stuff you can buy. I have to retail the stuff. Stuff that's really really weird - it's cool, but who are you going to sell it to? I do collect some stuff. In the end, I have to run a business.

I think what is going to happen in the future is more customization, more personalization. We all are different and we ought to be able to customize and have a phone that does exactly what we want it to do - that is so easy to use that we don't even have to think about it. That's what the dream is.