Succeeding in supply chain managementSupply chain management is becoming more important among companies around the world as businesses expand and capital is tight.

The recession has placed companies in the United States in financial binds, which has led to cost reductions through better management of supply chains, but the issue might be even more pressing in developing economies, according to a recent Bangkok Post article.

Southeast Asia is facing greater challenges to match new investments with effective supply chain and logistics management to make sure companies are competitive and achieving sustainable growth.

According to a recently released report from Accenture entitled "A Survey of Executive Issues 2011," talent is a significant concern for many executives. Six of the top 10 business problems cited by executives were found to be supply chain talent-related. Specifically, companies are looking for "supply chain master" who combine hard and soft skills that enable them to manage vendor relationships successfully while crafting strategies to increase supply chain efficiencies.

Companies are also beginning to bemoan a lack of supply chain training and education infrastructure in economies that are emerging, the Bangkok Post stated.

Material, Handling & Logistics provided a few tips for companies that are sourcing overseas. These tips included paying higher freight costs to achieve more consistent delivery times and consolidating shipments of supplies from various vendors in the same country.
Share To:

Strategic Sourceror

Post A Comment:

0 comments so far,add yours