The Evolution and Future of Supply Chain Management
External events like deregulation and international sourcing have led to the evolution of Supply Chain Management. Various requirements with regard to tactics and strategies must be addressed. A comprehensive assessment of both internal and external gaps in the supply chain management, gives indications of the actions that are necessary. Important Issues in this regard include:
- Continuous emphasis on compressing time and increasing inventory velocity.
- Increased Supplier performance, especially with regard to international sourcing.
- Outsourcing Transformation that will lead to competitive advantages and increased company and shareholder value.
- Focused Supply Chain Role for Technology - this will reduce time, improve supplier performance, collaborate among key trading partners and provide visibility throughout the entire supply chain, from purchase order to delivery order.
- Penetration of NVOs as 3PLs into Small-Medium Enterprises
- Impediments to Supply Chain Evolution
Read More: Supply Chain Management - 6 Topics to Where It is Going
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