Supply Chain Management - What is Supply Chain
Increased sophistication in customer requirements and greater
competition, have pushed the industry towards higher and higher
levels of efficiency in an effort to meet customer needs and
cut costs. One of the results of this drive has been the outsourcing
of goods and services to third parties, in a way that has inexorably
bonded the supply chains of operators, contractors and suppliers.
Supply Chain Management is about managing the flow of information,
materials, services and money across any activity, in a way
which maximises the effectiveness of the process. It is about
introducing new tools or revising well-known techniques in
an effort to ask ourselves: "Is this the right thing to
do" rather than "Is this the best way we can continue
to do the same thing". This is a continuous process, not
a one-time fix.
In short, successful Supply Chain Management will reduce the
costs of both clients and suppliers, while sustaining or improving
added value and margins. Consequently, companies that have
effective supply chains are most successful.
"A company that fails to manage its supply chains at
a strategic level is unlikely to meet its business objectives
CPE have extensive experience operating as a tier one supplier
for various customers covering a wide range of industries.