Small and mid-sized companies today are just now starting to tap the value of developing and executing supply chain excellence strategies as large enterprises have been doing for years. As the latter companies’ experiences have demonstrated, highly effective supply chains allow a company to operate at peak performance. Executing supply chain excellence strategies can make favorable contributions to return on assets, margin, improved customer service and competitive advantage while generating more reliable metrics by which to measure success and foresee trouble spots.
Given the preceding, and the fact that supply chain-related costs represent between 55 percent and 65 percent of a company’s gross revenues, the supply chain should be getting plenty of attention.