Diagnosing greatness; Ten Traits of the Best Supply Chains
Top traits include: sound supply chain strategy supported by solid leadership; focus on financial metrics; commitment to innovation and process improvement; collaboration with selected partners...
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In the recently published “Diagnosing Greatness: Ten Traits of the Best Supply Chains,” Frank Quinn, editorial director of Supply Chain Management Review (SCMR, http://www.scmr.com, Chuck Poirier of CSC Consulting, and Morgan Swink of Michigan State University highlight 10 common denominators of successful supply chains. Through case studies, they explain how these characteristics translate to higher revenues and lower operating costs. Top traits include: sound supply chain strategy supported by solid leadership; focus on financial metrics; commitment to innovation and process improvement; collaboration with selected partners; superior strategic sourcing; excellence in logistics execution; proficiency in planning and responsiveness; high customer integration and satisfaction; ability to anticipate and manage risk; and globally optimized operations.
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