PRTM Survey Reveals Maximizing Supply Chain Flexibility Is Top Requirement for Global Supply Chain Executives
Global supply chain readers who implemented Five ‘Operational Flexibility’ Levers increased revenues 12 to 15 percent and reduced costs 8 to 10 percent
Tearing Down the Wall: Eliminating the divide between supply chain management and product development/engineering is essential for accelerating ramp-up and ramp-down of products into diverse customer markets. Half of those surveyed understand this and consequently have invested in higher development responsiveness. A “win-win” collaborative set-up includes joint consideration of product development, sales and supply chain requirements.
Superior Collaboration and Flexibility: In today’s volatile environment, collaboration and flexibility are critical for success. Only 10 percent of respondents reported that they have developed these capabilities to the point where they can adapt their business models faster than the competition.
The supply chain study can be accessed at www.prtm.com/sctrends2011
For more information, visit www.prtm.com
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