As production, processing, distribution, retail and online technologies continue to advance aggressively and redefine the very meaning of operational efficiency, we are constantly seeing the very nature and structure of Supply Chain Management (SCM) as an operational function also having to change in order to place enterprises in a good stead competitively. Looking around, one can see that SCM actually seems to be gaining increasing interest as a competitive tool to gain market share, as indicated by spending and activity in the area.
Supply chain excellence is becoming more widely accepted as an element of overall business strategy.
In actual fact, the technology and process upgrades that can be seen taking place at forward-thinking companies shows that supply chain excellence is becoming more widely accepted as an element of overall business strategy and that increasing value to customers is not just management’s, but everyone’s business.
The nature of the present day business environment and the changing expectations of clients have forced many CIOs to take a deeper look at how they view and manage their supply chains, with an emphasis being placed on specific areas and drivers of change.
Six Key Trends Driving Change
According to research done in food and beverage, consumer products, high tech and industrial manufacturing companies, there are six key trends causing significant impact and change to supply chain design and performance:
1. Demand planning
3. Increased competition and price pressures
5. Shortened and more complex product life cycles
6. Closer integration and collaboration with suppliers
2 Questions You Should Ask Yourself:
- Does leadership at your organisation view your supply chain as a strategic competitive advantage? If not, are you considering outsourcing your supply chain management?
- Are the capacity strengths of your supply chain commonly known and understood by leadership of the company? If so, how do they impact growth, profitability and customer service?
For more information on how Mucheki Consulting can help make your Supply Chain Management more efficient and competitive, contact us.