Planning for Success in 2010
By following a few key planning steps, you can develop supply management strategies that will truly jump start the New Year.
By Carrie Ericson, Simon Rycraft, Kunal Mehta, and James Rooke -- Supply Chain Management Review, 1/1/2010
As the holidays recede in our memories and we usher in 2010, supply management professionals are reviewing, refining and strengthening their plans to hit the ground running in the New Year. On reflection, the last 18 months have been mind-boggling, with surreal stock market fluctuations and unprecedented government actions in the private sector. The signals are beginning to point to the worst being over, making it timely for us to capture lessons learned from the recent turmoil to incorporate into our business practices going forward.
In a recent webinar on the topic of planning for a healthy supply management organization, A.T. Kearney asked the attendees, “What stage are you at in planning for 2010.” Forty-three percent responded that they were “in the middle,” 47 percent stated that they were just starting, and 10 percent had yet to begin. Even though the timing is often driven by organizational demands, leading companies follow a structured framework of preparatory steps in order to ensure delivery success. The framework incorporates these core elements: business strategy, opportunity assessment, supplier risk strategy, and a case for change (see Exhibit 1).
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