Like today’s economy, we all know the state of our supply chains are changing. Along with it comes a degree of uncertainty, and how we act and react will either bring success or failure. If you believe the pundits, the economy is quickly losing steam. For supply chain managers, this is a vulnerable time where volatility and risk are just around the corner.
SC Digest published results from a survey
of supply chain executives that identify five supply chain challenges. Without going into detail on those challenges since many of us face those each day, the overall themes focus on pricing volatility, the lack of tightly integrated customer and partner networks, and an a growing list of risk management issues. What’s worth considering are the proactive initiative that companies can implement. These initiatives can be whittled down to two words: focus and empowerment.
It sounds simple, but accuracy and visibility continue to be the name of the game....