The gloomy numbers just keep coming. A new report by DHL Supply Chain says engineering and manufacturing (E&M) firms are ten years behind in their supply chain development compared to other industries. Will Green writes an article for Supply Management about the implications.
Better Than 11 Years Behind?
The report recognizes that many of the lagging businesses in question have been operating for over 80 years, and it can be pretty easy to slip into a business-as-usual mentality when business-as-usual has been a quality method for so long. But those who break out and modernize their supply chains stand to gain a tremendous edge over the competition. By regionalizing the supply chain model to make it more lean, businesses can cut costs and deliver faster service. One executive at DHL recommends that it would be a good start for E&M firms to learn from the best practices of the much more modern automotive and consumer good sectors. You can read more at Green’s article here: http://www.supplymanagement.com/news/2014/engineering-and-manufacturing-supply-chains-lagging-10-years-behind