What your competition is doing with their supply chain may surprise you!
By Stephen Slade on Jul 30, 2012
Harvard Professor Michael Porter gets the credit for coining the term 'value chain transformation" some 35+ years ago. A white paper just published from Managing Automation talks about the dramatic steps that companies are taking today to achieve superior financial performance.
Stuck with excessive obsolete and idle inventory, companies of all sizes and in numerous industry segments are taking necessary countermeasures and re-inventing their supply networks. This informative paper documents the findings of a survey to top supply chain executives on new avenues and approaches adopted. 45% of companies are only starting the transformation process while 28% are already well down this path.
The paper highlights the findings on the reasons and paths that firms have adopted to succeed, with the leading reason the need to respond with more agility to changing business conditions. The most significant obstacles in achieving success are the cultural and organizational challenges ("we always did it this way") and lack of support from senior leadership. Readers will find this paper illuminating.
This report is available for viewing at the Manufacturing Executive site: