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In today's global, complex and risk-laden business climate, can one company's supply-chain best practices actually help another business succeed with theirs?
That's the nuanced question raised in an interesting blog post by Dr. Harpal Singh, CEO of Supply Chain Consultants. His answer: probably not.
"Trying to define supply chain best practices is like trying to select the best car," Singh writes. "It is not so much how good the car is, but how well the car works for you."
Singh argues that successful companies have common, core values or goals, rather than a list of tried-and-true best practices that they follow.
"These core values are around teamwork, communication and a desire to manage their supply chain quantitatively," he writes. "These core values do not translate to practices in exactly the same way for every business because converting these values into practices must always take into account the particular characteristics of the business."
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