Today's new normal is characterized by lackluster sales growth, strained liquidity, and rising commodity and material costs yet customer's expectations are also rising.
You wouldn’t think so from the way companies are hoarding cash; however, in general, they have a stockpile of cash and remain leery to spend it. Last year, there was a 2% decrease in days working capital (DWC), according to CFO Magazine.
Too many projects fail to deliver the intended results.
To succeed in the new normal, supply chain can be your strategic advantage.
I wanted to share a recent success with you. I was awarded Board Approval in Supply Chain Strategy by the Society for Advancement of Consulting (SAC).
It seems very common that people get on the bandwagon of some of these philosophies like JIT, and they give up as opposed to understanding that it's not something trendy to do.
