Flexible supply chains drive corporate growth

9 March 2012

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9 March 2012 | Angeline Albert

Aggressive cost management and creating a flexible supply chain are major factors in helping businesses to grow market share.

The annual Global survey of supply chain progress report by IT firm CSC and Texas Christian University's Neeley School of Business and Supply Chain Management Review, highlighted the continuing importance of supply chain managers as the economy recovers. The study said these professionals are key contributors to stabilising economic conditions by aggressively managing costs and crafting flexible supply chains to retain their organisation’s market share.

According to supply chain managers worldwide who responded to the survey, flexibility in the supply chain is created as a result of investment in systems that enable greater visibility of suppliers. Those professionals with more visibility and higher quality data said they are helping their organisation outperform rivals. It allows these supply chain managers to be more flexible and respond to new opportunities revealed by their analytical tools.

Supply chain managers were asked about supply chain collaboration and intelligence in terms of their acquisition of data, analysis of data and how the combination was employed to create a responsive supply chain. Respondents in the top 20 per cent of their industry in terms of growth reported having above average levels of visibility and analytics. Overall, 70 per cent of respondents said they have visibility of their supply chain.

The study questioned supply chain professionals in large and mid-sized manufacturing and services organisations around the world, including North America, Europe and Asia/Pacific.

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