Wednesday, October 14, 2009
Economic Pressures Turning Companies to Supply Chains for Revenue Gains
See exerts from the Reuters News Release:
Economic Pressures Turning Companies to Supply Chains for Revenue Gains and Cost Savings
Economic pressures are forcing companies to employ their supply chains, primarily the sourcing and procurement functions, to contain costs and boost revenue, according to the 2009 Global Survey of Supply Chain Progress from CSC, Supply Chain Management Review, the Council of Supply Chain Management Professionals (CSCMP) and Michigan State University (MSU).
The survey, completed by supply chain executives representing more than 20 industries and every major geographical segment of the world, shows the extent to which the economy has impacted the supply management function. Survey respondents cited an immediate need to cut costs as the top economic pressure on their supply chains. An overwhelming 88 percent of respondents have set objectives for purchasing to generate cost savings in the next 12 months. This enhanced focus on supply chain management (SCM) demonstrates its use as a counter-cyclical tool for improved business performance.
Read more.. http://www.earthtimes.org/articles/show/economic-pressures-turning-companies-to,963800.shtml