Monday, July 18, 2011

Essence of "Speed" in Supply Chain Management

Sun Tzu said "Speed is the essence of warfare." It is unarguable that speed is also the essence of supply chain management. Speed in supply chains can take the form of faster cycle times, faster customer order times, faster customer response times, faster time to market or even a faster escape out of a non-profitable market. The key is that "speed" must not be confused with "hastily done." Supply chain managers must also remember that sometimes "faster" is not necessarily faster. An efficient supply chain is dependent on accurate information and, in the end, should allow your company to reduce piles of supplies.
(source:Joseph Walde;$3965

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