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Friday, September 03, 2010
Friday, September 03, 2010
Supply Chain Management (SCM) News
Posted: Tuesday, October 27, 2009, 8:59AM
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KNOWLEDGE MANAGEMENT TAGS
"Leadership", "Supply Chain Management"
Supply chain managers must prepare economic 'comeback plan'
Supply chain managers face a steep uphill climb as the global economy inches out of recession, an expert has warned. In order to best position themselves for the recovery it is necessary to create a "comeback plan", according to a new report by business strategy and supply chain expert Dr James A. Tompkins.
"The global economy is on a steep uphill climb, and we know from past experience that lead changes always occur on the uphill," said Dr Tompkins, president and CEO of Tompkins Associates.
"Companies that have a comeback plan in place now will be the ones that come out on top and will be ready for new growth opportunities that are sure to arise after the recession."
He pointed out that most economic experts agree that the recession is waning, but there are lingering questions about how the recovery will look and feel. In a recent study by Forbes Insights, C-level and senior executives at global enterprises indicated that aligning strategy and operations will be essential to their continued success after the downturn.
Dr Tompkins noted that the study, which found that only half of the respondents have updated Comeback Plans, is in line with what he sees in the marketplace today across all industries.
"CEOs and senior executives are under enormous pressure to cut costs and prepare for economic recovery at the same time, and most are not prepared for what lies ahead," he said.
"Having a solid post-recession plan that covers strategy and all aspects of the supply chain is a secret weapon in this great comeback."
Procurement Tags - Leadership, Supply Chain Management
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