03 Mar 2011 02:03:15
Supply chain optimisation for profits
Supply chain management has always been a challenge, but during a recession, the pressure on to find ways to increase margins and profitability, while reducing costs, is even higher.
Some companies do not see the true value that comes from their supply chain operations, yet this can be a strong competitive advantage in a global marketplace. That’s why procurement professionals are striving to achieve the right balance when it comes to working capital, inventory, customer service, lead times required to fulfill orders, operating costs and quality. The wrong balance is certain to have a long-lasting effect that could lead to undesirable outcomes. Even knowledgeable top executives often jump to the wrong conclusion when faced with tough supply chain choices...