A year after tariffs on more than 1,300 Chinese goods first sent importers reeling, the news supply chain managers everywhere have been dreading is finally here.
Business theorists have been talking up the concept of supply chain as a “competitive weapon” for so many years that if it were really happening, they’d have a well-stocked armory by now.
Imagine that a logistics company learned that a concealed flaw in truck engines was costing up to 100 minutes in lost productivity with every incident – and that the number was continuing to rise.
A 2014 Deloitte survey found that 69 percent of chief procurement officers saw cost reduction as their main priority over the following 12 months. In 2018, the same survey showed that the number had jumped to 78 percent.
When it comes to car transportation services, considerations of price and quality are key. No one wants a car with scratches, paint chips and dents when it arrives.
Imagine yourself at the head of a company that’s on the brink of dizzying growth — a 50-fold increase in employees, and 300 times revenues — within the next three years. Would you be excited or scared?
As supply-chain design and management struggles to live up to modern-day business imperatives, enterprise decision makers have turned their gaze toward the inefficiencies plaguing it.
RSS
