Posted on the 27th June 2008
Manufacturers are increasingly looking to their supply chains to boost profits and cut costs, according to the latest research by Archstone Consulting.
The group’s Manufacturing Executive Agenda for 2008, found that nearly three quarters of those questioned believed that soaring commodity prices, a sluggish US economy and increased competition from overseas would spark a change of supply chain approach.
"Over 80% of manufacturers have responded to the current economic climate by devising aggressive agendas to boost sales and cut costs," commented Todd Lavieri, CEO of Archstone Consulting.
"An interesting pattern emerged, in that manufacturers across the board have high expectations for their supply chains to both boost revenues and reduce costs," explained John Ferreira, industrial manufacturing practice leader at Archstone Consulting.
"In the past manufacturers simply used their supply chains as a means to control costs by improving efficiencies. Now, they are using their supply chains as a mechanism to boost revenue and improve customer satisfaction through capabilities like better management of highly customized products, quicker delivery times, and more integrated services."
