Supply management in the decade ahead will be complex, high-tech and global, finds a new survey from CAPS Research. A quick numerical breakdown highlights some of the report's most impactful findings.
- Eight external forces will affect all businesses:
- Global competition
- Mergers, acquisitions and supply market consolidations
- Increased governmental regulation
- Technology advances
- Customer and channel dynamics
- Increased product variety and shorter product lifecycles
- Social responsibilities
- Environmental responsibilities
- Five business strategies will have the greatest impact on supply management:
- Focusing on cost competitiveness
- Aggressively managing resources
- Pursuing new revenue sources
- Targeting specific customer and market segments
- Improving the level and speed of innovation
- Four areas future supply managers will be expected to tackle:
- Delivering more innovation from suppliers
- Contributing more broadly to revenue generation
- Anticipating and managing supply risk to ensure business continuity
- Expanding the breadth and impact of cost management efforts
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