Firms put supply chiefs in the top team

11 January 2011

11 January 2011 | Angeline Albert 

Half of companies have a supply chain chief on the board or plan to appoint one within the next two years.

Business research analyst Eyefortransport found that 51 per cent of survey respondents said they either have a head of supply chain in the top management team, or plan to have one.

Of these, a larger number of survey respondents from Europe already have a head of supply chain at board level compared with respondents from North America.

The majority (59 per cent) of the 340 supply chain executives surveyed represented companies in the US or Europe whose annual revenues exceeded $1 billion (£643 million).

The Global Chief Supply ChainOfficer Strategy Survey 2011 report found that overall, 65 per cent of supply chain officers said companies are not recruiting supply chain staff. Meanwhile, 24 per cent said supply chain staff levels are low.The majority, 77 per cent, felt the value of supply chain as a source of real business value, rather than a purely operational function, is recognised by their organisations.

Some 60 per cent said the supply chain is considered important to overall business recovery in their organisations.

Respondents were also asked to identify which projects were started in 2010. The five most popular choices were:

    • cost reduction/containment

    • inventory optimisation

    • supply chain visibility

    • global sourcing and procurement

    • aligning supply chain with business goals.

The report said: “The importance of supply chain management excellence to the success of companies is far from entrenched, yet there is clear evidence that best-in-class companies are putting supply chain decisions at the top of management agendas, and including supply chain executives in top management positions.”

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