An important and popular topic in our class is of course, globalization. Another is discussing the "value chain" as well as the supply chain. Can we get enough insight into the process of building a competitive value creation process; I think not.
I recently listened to a webcast presented by Industrial Distribution Magazine entitled "Five Critical Strategies for Building a Competitive Supply Chain"
The webcast is a little over an hour long, and you will need to register to attend the archived event, but it is interesting. It is a panel discussion with an introduction by the editor of Industrial Distribution.
The comments about the actions of distributors, standards, globalization, forecasting, competition etc., are very interesting and informative.
What do you think are some of the salient comments by the presenters?
Gene A. Wright
1 comment:
ghfwbubBuilding and sustaining relationships take time and commitment. The idea of partnering with suppliers, vendors, and subcontractors is great in theory so long as there is a firm foundation built on trust and sound ethics. I agree that collaboration between customers and suppliers is vital to reducing inventories and working toward implementing lean processes throughout production. But how loyal are customers with their suppliers? Where are these relationships built, and with whom?
As a contractor in the construction industry, many decisions are still made solely based on cost rather than value. The lowest bidders are often selected. Overcoming this mindset is often difficult when the products and services appear to be non-differentiable in comparison to the competition, and they are streamlined to a point of commodification (a.k.a. commodization). When the customer perceives little added value in the product or service, margin levels erode over time.
mpk
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