Filed in JulyAugust_2012
Monday, July 02, 2012
The right supply chain metrics can help you answer three key questions: Where do we want to go? How do we get there? And how do we know when we’ve arrived? The ability to answer these questions—in an accurate and timely manner—can lead directly to superior business performance.
Want to improve your outsourcing efforts? This article unpacks the lessons of five “Big Thinkers” in the world of economics and shares how their insights can help you improve the way you outsource.
Much of the analytics effort to date has focused on the demand side of the supply chain equation. Yet analytics can be applied just as effectively to the supply side to assure reliable and cost effective inventory, capacity, and supplier capabilities. The insights here can help companies build a supply analytics competency that will lead to better business decisions.
India is a highly attractive market for multinational companies. But to successfully source or sell products there, they need to realize that conditions may differ greatly from the more developed economies they are used to. This is especially true when it comes to the supply chain. The framework offered here can help these companies pursue the right supply chain strategy to advance their business goals in India.
Things will get better. But before the economic turnaround is finally completed, supply chain professionals will continue to be tasked with doing more with limited—and in some cases fewer—resources. Impossible? Not if you take advantage of tools available that can improve your supply chain processes and lead to superior performance.
A flurry of major service provider deals captured mainstream headlines in recent months, but the consequence of this activity has yet to be measured by domestic and international shippers. Meanwhile, the EU flounders, Asia remains strong, and emerging nations may represent the next great opportunity for the major 3PL players.
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The growing number of supply chain certification programs now available opens up new opportunities for managers looking to advance their careers. But before
embarking on any program, the experts advise, make sure that it has value to current and potential employers.