Submitted by: Submitted by josepaul
Views: 242
Words: 4186
Pages: 17
Category: Business and Industry
Date Submitted: 03/13/2013 11:07 AM
A study on emerging trends for a smarter supply chain management
Abstract:
The complexities of today’s economic environment and the ever expanding global supply chains have laid down new guidelines and benchmarks for peak performance. Volatile global market conditions and customer demand variability require optimal supply chain configurations to synchronize supply and demand. But lack of visibility into the myriad information sources inhibits supply chain response to these unpredictable swings. Those companies looking to outperform their peers in the hyper-competitive marketplace will need to adopt new guidelines to restore supply chain stability and create enterprise value.
Introduction:
The current economic environment has become increasingly volatile, complex and structurally different. To ascertain the depth to which today’s uncertain environment impacts the supply chain, we surveyed nearly 125 supply chain management executives in 60 companies all over Kerala & Tamil Nadu. Facing complexity was on the top of the list of the challenges encountered on a daily basis.
a) Demand variability | 53% |
b) Cost optimization | 47% |
c) Increasing customer expectations | 44% |
d) Inventory optimization | 43% |
e) Supply chain visibility | 41% |
f) Integration and collaboration with partners | 31% |
g) Globalization of supply chains | 31% |
h) Supplier variability | 26% |
i) Talent management | 26% |
j) Sustainability | 25% |
k) Risk management | 24% |
l) Product lifecycle management and traceability | 16% |
Volatility: Complex market conditions causing constant flux in demand
Visibility: Need for integrated, timely information to make rapid decisions
Value: Constant pressure for the supply chain and operations to create enterprise value
Table 1: Supply chain challenges expose volatility, driving a need for visibility to create...