A recent survey found that Europe has surged ahead of North America and the Asia Pacific region in terms of supply chain advancements.
The 2008 Global Survey of Supply Chain Progress, from CSC, Supply Chain Management Review, the Council of Supply Chain Management Professionals (CSCMP) and Michigan State University (MSU), found that Europe led in several areas.
These areas included cost reductions, revenue gains and sustainability improvements and showed that Europe is taking seriously the benefits to be had by ensuring a regularly-renewed supply chain.
Chuck Poirier, a supply chain management author, said: "Companies…are forging ahead by ensuring that best practices in areas such as order management are practiced across the network and root-cause problems are eliminated throughout the end-to-end supply chain."
"One positive impact is a dramatic reduction in reconciliations," he added.
Often, the changes needed by a company will be clear, but in-house management may lack the time or skills to effect such changes.
As such, contracting a third-party supply chain management company can allow a company to move forward in the most efficient way possible.
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