Supply Chain Investments in 2003: A Framework for Mitigating Risks and Maximizing Return
- Topics:
- Growth,
- Inventory Management
- Tags:
- Enterprise Software,
- Investment,
- Software,
- Supply Chain,
- Supply Chain Management (SCM),
- Supply Chain Performance
- Source:
- Supply Chain Consultants
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Overview: The article’s objective is to discuss what has been learned about the application of technologies to SCM. It looks at what has worked and what hasn’t. This examination will identify the major risks, methods to mitigate them, and the ways to accelerate a return on these efforts. It will also look at specific opportunities for improving supply chain performance. The article also concludes that a wealth of opportunities exists for low-cost and low-risk investments to improve supply chain performance. Businesses can capture significant benefits with initiatives whose costs are orders of magnitude less than the seven- and eight-figure price tags the SCM market has seen. This requires the willingness to take incremental steps towards a global vision, the use of flexible architectures, and the ability to target specific performance improvements. Businesses also need to do their homework. They need to stress test what they buy and then develop or obtain the required domain expertise for implementation and support.
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Format: PDF | Size: 106KB | Date: Jan 2003 | Pages: 5
