As the economy now turns towards a brighter future, focus is shifting from reduction towards growth. Companies are looking to their lean supply chains to make a quick recovery and respond to an increasing demand. Sill charged with holding cost flat: What is a supply chain manager to do?
In the midst of economic uncertainty, most businesses over the last few years saw a softening of sales and instability in cash flow. To combat this slide, executives looked for answers in the supply chain, most commonly in the form of cost cuts. The actions, while relevant at the time, were not necessarily aligned with long-term business sustainability.
Executives are now calling on the supply chain to not only maintain cost but ramp up for the foreseen economic recovery. This presents a host of challenges:
How do we repair strained relationships without loosing control of cost?
How do we rebuild inventory without incurring additional expense?
How do we ensure the supply does not go to a higher paying competitor?
Going forward sustainable supply chain management may be the answer. Support by the 2010 Global Survey of Supply Chain Progress survey, 82 percent of the respondents replied that sustainable supply chain management is essential and will be a core competency in their organization.
Our professional consulting believes sustainable supply chain organizations will have a more strategic function and focus efforts on creating value in the coming years. Click here to continue reading.
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