$5 Million in Supply Chain Savings Average When Employing Quality Initiatives - Study

No monumental breakthroughs, but incremental improvements add up for quality projects, Best Practices reports

  • 40 percent of sampled companies saved at least one hundred times the amount they invested in their quality efforts.

  • Most companies achieve the biggest impact when focusing their quality efforts for the supply chain on demand/supply management and planning; production planning and scheduling; capacity planning and optimization; actual production; and inventory and warehouse management.

  • Benchmarked organizations agree that practices of peer company leaders and other industry leaders are critical to identifying the supply chain critical improvement opportunities.

  • One company was able to reduce complex supply/demand matches from 4-5 days to one minute.

Additional Articles of Interest

One chief procurement officer sees a looming talent shortage hitting the purchasing field. Read more in "An Interview with Patricia Moser: Selling Transformation," the Interview column in the June/July 2004 issue of Supply & Demand Chain Executive

Impending Baby Boomer retirements, a widening skills gap driven by declining educational standards, and outdated and ineffective approaches to talent management are combining forces to produce a "perfect storm" that threatens the global business economy, according to new research from Deloitte. Read the SDCExec.com article here.