Supply Chain Success: Supply Chain Competition Determines Success

Author: (USA) Taylor
Publisher:
Publish Date: 2006-07-01
Features: China is facing historic opportunities, but also new social and economic challenges. The advantages of cheap labor are numerous, but they cannot last forever. The success in global manufacturing inevitably improves the living standards of a nation's people, thus raising labor costs and gradually undermining the factors that led to success. As other Asian countries have discovered, the only way to transform early advantages into sustained success is to research, refine, and ultimately recreate manufacturing processes. This is what Japanese companies did. Perhaps in many industries, they expanded early cost advantages to all aspects through this method, thereby occupying the global dominance once held by American manufacturing companies. Supply chain management is not a great mystery. Success depends not only on deep understanding but also on careful planning and precise execution. Supply Chain Winning provides you with all the basic techniques you need to operate even the most complex supply chains accurately, economically, and flexibly. However, if you try to move too quickly beyond basic techniques, it often brings more harm than good. The most common failures in supply chain management are caused by excessive focus on advanced technology while neglecting the coordination of demand flow, supply flow, and cash flow movement within the supply chain. Advanced technology certainly gives you more advantages than competitors. But if a company or a nation does not master the basic techniques, it does not even qualify to participate in this competition, and no advanced technology in the world can help it.