New study details discrepancy in understanding global supply chains
What you think is global may not be
By Dave Hannon -- Purchasing, 5/25/2007 10:32:00 AM
You might think your supply chain is a “global” supply chain. But you might me wrong.
A recent survey of 220 global supply chain executives in the chemical, consumer goods, industrial and retail sectors found that nearly half (48%) of those polled consider their supply chains to be global, yet operating decisions made on behalf of those supply chains would indicate otherwise.
The survey, conducted by BDP International's Centrx consulting unit and St. Joseph's University in Philadelphia found that only 35% of respondents reported their companies' supply chains are actually managed globally.
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One major concern among those executives managing global supply chains is lengthening leadtimes. Sixty-four percent of executives polled said on-time delivery was their greatest concern, followed by total landed costs and logistics costs.Most (80%) indicated they can measure on-time delivery to customers, and 69% can also measure on-time delivery from vendors. In addition, they collaborate on shipment visibility with carriers (82%), suppliers (42%) and customers (20%).
And 43% of those polled said they are sourcing from various countries in an effort to reduce risk in their supply chains and minimize inventory buildup.
See also: Supply Chain Solutions channelTalkback
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