Posted by: Hysam Darwan | June 12, 2013

Supply Chain Management

In the maze

 

 by Merlin Hernandez

 

With economic upheavals predicted to continue through the next five years, and erratic consumer spending patterns, businesses are facing major challenges – fast- changing environmental conditions, heightened competition, depressed revenues, and the struggle to stay in business. Manufacturers need to pay attention to lean supply chain efficiencies through lean manufacturing strategies for continuous process improvement, elimination of waste, reduced costs, better prices, and a focus on customer value. A well-designed supply chain also leads to higher productivity and greater capacities.

Strong supply chain planning will depend on the ability to have demand-driven sourcing and procurement relationships that are collaborative. Technology like Supplier Relationship Management (SRM) software and an RFID inventory management system would allow more accurate forecasting while supplier, customer, marketing and manufacturing data will be more accessible throughout the system. It connects the company’s B2B needs directly to suppliers for the kind of…

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