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Brief

Supply management: strategy's hidden accelerator

Supply management: strategy's hidden accelerator

Most companies are already pursuing a variety of initiatives that constitute today's conventional wisdom for improving supply management.

  • mayo 15, 2006
  • min read

Brief

Supply management: strategy's hidden accelerator

Most companies are already pursuing a variety of initiatives that constitute today's conventional wisdom for improving supply management. They are optimizing costs through expanded (often global) sourcing. They are consolidating suppliers of high-value products and services, and they are linking up tightly with those that remain. The challenge is to extend and deepen those capabilities to catch the next wave of supply-side competitive advantage. The experience of a handful of world-class supply leaders suggests at least three critical imperatives: (1) Practice strategic supply management, (2) Think cross-functionally—and outside your four walls, and (3) View supply management as an agent of innovation.

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