WT100 Blog

Editor in Chief of World Trade 100

Talk Up Your Supply Chain

July 26, 2012

Supply chain executives manage choices – thousands of them. When things are going well, it’s a matter of optimizing performance of their supply chain. When something breaks down, the choices are fewer and more critical and the efficacy of the supply chain may be at stake.

High-performing supply chains share a trait that there is a culture of being proactive. Contingency plans are often highly developed, often reviewed and tested before they are needed. Those supply chains have a resiliency when the potential for disruption threatens. Flows are either not affected or the impact is minimized.

Daily supply chain activity benefits from some of the same culture of vigilance. If you are always looking for optimization and your supply chain partners share your attitude of continuous improvement, positive results will follow.

A high-performing supply chain reduces costs and risk, and this will have a positive bottom-line impact for the central figure in that supply chain that should carry over to other supply chain partners as well. If a manufacturer or retailer has assembled the right partners and built the right supply chain culture, cost savings and efficiencies should be shared – directly or indirectly. Contingency planning that avoids or minimizes disruptions keeps everyone’s financial performance tracking towards the positive. (A carrier isn’t hauling your freight if your plant is closed.)

For those who have built a high-performing supply chain, it is a competitive advantage, one you shouldn’t squander by ever becoming complacent. That means once you have gotten on the road to continuous improvement it is, well, a continuous process. So, don’t worry about losing that competitive advantage by talking about your supply chain. Part of the competitive advantage is not only the performance of your supply chain; it also comes from the perception of excellence.

Investors like to see strong, resilient companies that will weather any number of economic, regulatory or actual storms. Suppliers and customers also want to be part of those supply chains because they are assured a long-term benefit from the relationship.

So, if you want to be sought out by investors, the best suppliers, and the best customers and the best employees, don’t be afraid to talk about your supply chain.
 

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

KC SmartPort Momentum

Kansas City SmartPort Momentum 2013 focused on 3PLs, the issues facing the industry, and the role or logistics in economic development

Podcasts

GT Nexus podcast

Supply chain visibility is an appealing yet elusive capability for most companies. While most recognize the significant benefits that would accrue from comprehensive visibility, few have made it a reality across their global operations. Part of the problem companies seem to have in embracing and implementing visibility is the lack of a comprehensive definition or firm understanding of the transformational potential. In this podcast, World Trade and GT Nexus will discuss the definitions and opportunities as well as how new cloud technology platforms are driving significant value to major companies today.

Speaker: Greg Johnson, Chief Marketing Officer & Co-Founder of GT Nexus

More Podcasts

THE MAGAZINE

World Trade 100 Magazine

WT100 May 2013 cover

2013 May

Check out the May 2013 edition of World Trade WT100!
Table Of Contents Subscribe

Trade Zones

How do you use U.S. Foreign Trade Zones?
View Results Poll Archive

WT100 STORE

world-class-warehousing.gif
World-Class Warehousing and Material Handling, 1st Edition

Filled with proven operational solutions, it will guide managers as they develop a warehouse master plan, one designed to minimize the effects of supply chain inefficiencies as it improves logistics accuracy and inventory management - and reduces overall warehousing expense.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Smoother Moves Calculator

Pacer Smoother Moves CalculatorPacer has designed a unique and easy-to-use tool to help you determine the potential dollar savings and carbon emission reductions generated by using Pacer intermodal services versus trucking.

STAY CONNECTED