According to the Chartered Institute of Procurement and Supply (CIPS) risk index, risk is the highest since 2013. It is easy to become complacent. Are you adding risk into your supply chain conversations and plans?
Whether outsourcing, insourcing or near-sourcing or a combination of all three, manufacturers need to reassess their strategies to measure risk and ROI.
What happens when you have a break in your supply chain? Do you have contingency plans in place to mitigate business interruption?
It is wise to stay on the leading edge of what is of such critical importance to manufacturers, distributors, logistics providers and the economy.
Have you put your organization under review to look for ideas and solutions that may be right in front of you? Take a step back and look for those strategic weapons with an eagle eye at improving performance and your bottom line.
Kash Gokli Receives 2016 LMA Advocate Award
Last week, I went on a fascinating tour of the L.A. Times operations. It was quite impressive - and massive. Did you know the L.A. Times has has the largest operation in the U.S.? They print for the Wall Street Journal, USA Today and others in addition to the L.A. Times.
I cannot tell you how people I've seen who have had a profound impact - with followers throughout the company - who were not in a direct leadership role.
The first step to navigating the global marketplace is to be aware.
Results follow people who put together strategies and successfully implement them. Great tools help, but people are critical to improving your bottom line.
