Published 01. Dec. 2016
[Report] The Optimal Supply Chain: Views of Supply Chain, Procurement, and Production Executives
IoT product development challenges existing R&D thinking and enables more impactful product development.
With the advent of globalization, the supply chain chain, a historically inconspicuous function has been pushed to the top of management’s agenda. In this new environment, it’s a must for supply chains to be agile, sustainable, and cost-efficient to meet customer demands. Getting the CEO’s or the board’s support is now the supply chain director’s most important task, as not all understands the supply chain. But a consensus and integrated strategy are possible on a common ground using a common language.
Key Report Takeaways:
- No longer just a business function – The supply chain is now a critical business process that can bring a significant value to an organization. But supply chain directors have a tall task of getting the CEO and the board to buy into the idea.
- Customers as the development drivers – In supply chain-intensive industries, successful customer experience delivery has the supply chain as its core. As lead times are pushed even shorter, the ability to optimize the supply chain processes across all departments and in a timely manner is critical.
- Time to optimize – Finding the best supply chain performance management solutions is the main focus of supply chain executives, with transportation and warehouse operations efficiency improvement also being high on the agenda.
- Procurement getting attention – Procurement wasn’t really in the shareholders’ radar until big corporations gained global operational experience and expertise. Now, there’s a focus on supplier performance and relationship management development.
The Optimal Supply Chain: Views of Supply Chain, Procurement, and Production Executives
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Symbio will be attending 600Minutes Innovation and Product Development in Finland on the 4th of April 2017
Chief Solution Executive, Symbio Finland