What are the 3 biggest challenges faced by supply chain/purchasing professionals today? (Survey Result 20)
What are the 3 biggest challenges faced by supply chain/purchasing professionals today? (Survey Result 20)
I could see following three biggest challanges faced by SCM professionals
1. Lack of Planning-
Most of the OEMs need to show flexibility in their production so as to be competitive in the market and at times market also behaves strangely. So OEMs are in very uncomfortable situation to plan their productions and if productions are not planned properly, obviously the suppliers will have to shorten their lead time and produce the goods, deliver material at high cost which affects overall supply Chain. Even a single supplier misses out the whole production of OEMs come to stand still.
2.Optimum Cost
Day by day pressure on reducing the material cost of the total BOM cost is increasing and none want the material cost to increase in their BOM, Every quarter, every 6 months, every year steep cost reduction targets awaites buyers. Buyers need to balance between suppliers with minimum cost,acceptable quality, & delivery. It's difficult to source such suppliers who gives you cost reduction every quarter, every year.
3. Inventory Management
It's important for the buyers to maintain inventory levels. Many companies implemented systems like JIT which makes buyers life vulnerable if they don't get the material on time, the whole production comes to stand still.
What are the 3 biggest challenges faced by supply chainpurchasing professionals today Survey Result 20 - To learn more about this author, visit Jon Hansen's Website.
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Abhijeet, Assistant Manager SCM, India
I could see following three biggest challanges faced by SCM professionals
1. Lack of Planning-
Most of the OEMs need to show flexibility in their production so as to be competitive in the market and at times market also behaves strangely. So OEMs are in very uncomfortable situation to plan their productions and if productions are not planned properly, obviously the suppliers will have to shorten their lead time and produce the goods, deliver material at high cost which affects overall supply Chain. Even a single supplier misses out the whole production of OEMs come to stand still.
2.Optimum Cost
Day by day pressure on reducing the material cost of the total BOM cost is increasing and none want the material cost to increase in their BOM, Every quarter, every 6 months, every year steep cost reduction targets awaites buyers. Buyers need to balance between suppliers with minimum cost,acceptable quality, & delivery. It's difficult to source such suppliers who gives you cost reduction every quarter, every year.
3. Inventory Management
It's important for the buyers to maintain inventory levels. Many companies implemented systems like JIT which makes buyers life vulnerable if they don't get the material on time, the whole production comes to stand still.
What are the 3 biggest challenges faced by supply chainpurchasing professionals today Survey Result 20 - To learn more about this author, visit Jon Hansen's Website.
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George LudwigGeorge Ludwig is a recognized authority on sales strategy and peak performance psychology. An international speaker, trainer, and corporate consultant, he helps clients like Johnson & Johnson, Abbott Laboratories, Northwestern Mutual, CIGNA, and numerous others improve sales force effectiveness and performance. Though it's George's strategies and processes that help corporations increase productivity and performance, it's his tremendous energy and dynamism that spark the transformation. Again and again, clients remark on his amazing ability to unleash human capacity and inspire men and women to break out of their comfort zones. The result is a whole new type of salesperson. His customized presentations teach achievers to make stunning advances in their lives. From helping salespeople realize cherished dreams to helping corporations exponentially accelerate revenue streams, George Ludwig leaves audiences and individuals empowered, emboldened, and clamoring for more. George is the best-selling author of Power Selling: Seven Strategies for Cracking the Sales Code and Wise Moves: 60 Quick Tips to Improve Your Position in Life & Business. - Visit George Ludwig's Website |
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Cheryl MatthynssensCheryl is a life skills coach, licensed Chemical Dependency Counselor and a 20 year entrepreneur. Cheryl's dedication to achieving a life of balance led to her expanding her teaching from the simple managing of life's daily challenges to adding financial well being as well. A direct marketer with DrinkACT, she is gaining ground in the online community with her concepts of making sure business owners, entreprenuers and employees have well rounded life styles. She opened up a small affiliate site - The Balance Guide- to help others find resources for mental and emotional well being. Visit Cheryl's blog to see more of the diversity beyond business she has began offering online at www.thebalanceguide.blogspot.com - Visit Cheryl Matthynssens's Website |
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