Once you have your lean journey underway, how do you sustain it? How do you build it into the bricks and mortar, and the DNA, of the organization? We no longer want lean to be its own thing; we want it integrated into the organization.
A report from the World Economic Forum identifies 31 proven practices to help companies achieve a "triple supply chain advantage" of increased revenue, a reduction in supply chain cost and added brand value. The practices also help companies shrink their carbon footprint and contribute to local development, including the health, welfare and working conditions of the communities in which they operate.
Logility Inc., a supplier of advanced retail planning and supply chain optimization solutions, has released Logility Voyager Retail Optimization V5.4. This latest release extends the value of an integrated retail and supply chain platform and delivers new merchandise planning views, extended allocation functionality and robust assortment planning capabilities, says Mike Edenfield, president and CEO of Logility.
Once again, ChainLink Research and SupplyChainBrain are conducting research into the business challenges companies are confronting and what strategies and solutions they plan to use to address those issues.
Innovation of the Year: Disruptive technology products must get to market faster than ever, and a product innovation center at Flextronics reconfigures the supply chain to do just that.
Runner-up: Sears Holdings Corp.
Finalists: Intel, Fast Logistics, Zimbabwe National Family Planning Council
In recent decades, companies in sectors from automotive and high-tech to retail and consumer packaged goods have come to realize that their supply chain is much more than the cost of getting products into customers' hands. These companies understand that it is the supply chain that translates corporate strategy into day-to-day interactions both within and beyond the organization. Ultimately, it is the supply chain that satisfies or disappoints their customers.
Across almost all sectors and regions, companies face unprecedented disruption. The competitive advantages that once gave companies a defensible position - their product lineup, scale or legacy position - are no longer as secure as they were. Some upstart with a newer and more agile operating model will start taking market share - if it hasn't already.