Filed in MarchApril_2011
Tuesday, July 19, 2011
Inventory optimization—the process of scientifically determining the right inventory levels across the supply chain—has never been easy. But advanced tools now available are enabling companies to do the job faster, more accurately, and with greater business impact. In fact, industry leaders are finding that IO can drive greater profitability through lower inventories, better fill rates, and ultimately a more satisfied customer.
Monday, March 14, 2011
The ongoing pressure to cut sourcing and procurement costs is certainly understandable. But simply saving money on external spend will no longer be enough to survive, let alone prosper, in the years ahead. What’s needed instead is a new, longer-term approach that closely links supply management with business strategies. We call this breakthrough technique Value Focused Supply.
Most everyone acknowledges the importance of strategic supply chain planning. But many companies struggle with translating their plans into action. In many cases, what’s missing is a framework that can guide the strategic planning process. The real world framework offered here not only facilitates this process, but also helps companies select those projects that will help make the strategy a reality.
Companies recognize that they need to continuously transform themselves to survive and prosper. But they’re finding that traditional, largely internally focused, approaches fall short. Increasingly, the leaders recognize that the real breakthroughs come only with the engagement of the supply network. Summit meetings of leading
supply chain practitioners convened by Michigan State University underscore this new reality— and point to a winning technique called supplyleveraged organizational transformation.
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What makes a truly great supply chain leader? What kind of background is needed most? And what character traits? For seven years now, Supply Chain Management Review
has been building a rich archive of answers to those kinds of questions through our “Profiles in Leadership” column. Probing deeper into these individual stories here is what we’ve found.