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Supply Chain Management: Tactics That Keep Companies Competitive
CHAPEL HILL, N.C. --(Business Wire)-- Oct. 22, 2004 -- Top manufacturing and high tech companies focus on key productivity initiatives that enable them to excel across the entire supply chain and provide exceptional delivery performance. New research by benchmark and consulting firm Best Practices, LLC,- http://www3.best-in-class.com/cr119.htm reveals the supply chain practices leading manufacturing companies use to gain a competitive edge.
Research findings - collected from interviews, surveys and research with more than 100 leading high tech and manufacturing companies - include:
-- Top companies follow most or all of five key productivity initiatives: Collaborative Planning, Forecasting, and Replenishment (CPFR); Available-to-Promise (ATP); Vendor Managed Inventory (VMI); Build-to-Order (BTO); and Supply Base Management (SBM).
-- Supply chain systems can achieve across-the-board success by improving once mutually exclusive dimensions such as high on-time delivery and short lead times versus low finished goods inventory.
-- Through exceptional cost management, performance can be enhanced without undue spending on supply chain systems, applications, or procurement personnel. In fact, research shows that annual supply chain expenditures are typically less than 10 percent of company revenue.
"Each of the top companies we studied showed an uncanny knack for performing exceedingly well across over 20 dimensions of supply chain performance," said Chris James, vice president and head of supply chain research at Best Practices, LLC. "The common denominators were extensive employment of performance initiatives (VMI, BTO, etc.); and sophisticated use of Internet and other communication tools to streamline the flow and performance across the entire supply chain--from vendors to customers."
Best Practices, LLC's supply chain research also includes:
-- Benchmark measures such as on-time delivery, fill rate, lead times, etc.
-- Supply chain costs and cost saving initiatives
-- Initiatives that enhance vendor and customer relationships
To download a supply chain white paper and learn more about our research, visit our supply chain consulting website at http://www3.best-in-class.com/cr119.htm. Contact Chris James at (919) 767-9226 or cjames@best-in-class.com for more information on applying our insights and capabilities to optimize your supply chain systems.
ABOUT BEST PRACTICES, LLC
Best Practices, LLC is a research and consulting firm that works on the principle that organizations can chart a course to superior economic performance by studying the best business practices, operating tactics and winning strategies of world-class organizations. Visit our corporate website at http://www.best-in-class.com.
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