Managing The Global Supply Chain In An Uncertain World
Managing The Global Supply Chain In An Uncertain World
Submitted by kazoo on October 4, 2008
Category: Business
Words: 1805 | Pages: 8
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We live in interesting times. Powerful forces are re-shaping the global business
scene : financial and economic upheaval in the Far East, Latin America and Russia
is creating a tidal-wave of change in the competitive environment. Organisations
that once felt insulated from overseas low-priced competitors now find that they
too must not only continue to constantly create new value for customers, but
must do so at a lower price.
To meet the challenge of simultaneously reducing cost and enhancing customer
value, requires a radically different approach to the way the business responds to
marketplace demand. One of the keys to success is the creation of an agile
supply chain on a worldwide scale.
The agile supply chain
There is now widespread recognition of the role that supply chain management
can play in enabling organisations to compete in volatile markets. However,
experience suggests that there are significant barriers both within the company
and between its upstream and downstream partners in achieving the required level
of responsiveness across the chain as a whole. Continuous change is a
phenomenon with which the supply chains have had to cope for some time. But
the rate, scale and unpredictability of change is today’s turbulent business
environment is seriously challenging supply chains based on 1990s best practice.
The logistics environment of the new millennium will have to contend with:-
· turbulent markets that change rapidly and unpredictably
· highly fragmented ‘niche’ markets instead of mass markets
· ever...
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