Growth in Supply Chain Management Solutions Has Led to Better Financial Performance
Supply chain management has undergone a sea change in the 21st century -- by embedding product and process innovation in supply chain operations and consciously managing and shaping demand from customers, this critical function has advanced a great deal. Twenty years ago, the supply chain of a typical product company would report to manufacturing, and be responsible mainly for inbound materials management and outbound shipping. According to the Supply & Demand Chain Executive magazine, supply chain reports to manufacturing in only 6% of companies, while in 61% of companies, the head of supply chain position reports directly to the CEO, GM or president of the business. It is clear that the supply chain has grown, and businesses are taking notice.