Supply Chain Management and the Executive Agenda
The Massachusetts Institute of Technology (MIT) and supply chain consultancy firm TruEconomy have launched a research community to bring together business professionals and academics to develop ideas, practical principles and critical thinking in the area of supply chain management. Both parties have recently conducted research amongst companies in various industries in both Europe and the United States.
In recent years, quite some emphasis has been put on the importance of strategies such as just-in-time, lean manufacturing, off-shoring and frequent deliveries to retail Bringing profess ionals and academics together outlets. However, with significant economic changes, rising labour costs in developing countries, huge volatility in oil and
other commodity prices, and new regulations such as carbon emissions caps, some of these strategies may put the supply chain in peril. At the same time, logistics and supply chain management have been the focus of executive meetings, business columns and research institutes as never before. The importance of integrated, globally optimised supply chains is well understood, and it seems that in many companies, executives have discovered the impact on business performance that can be achieved by effectively managing their supply chains.
SCM in the boardroom
The objective of this next SCM research by MIT is to answer the question of how important SCM is as a topic on the agenda of today’s business leaders, particularly CEOs and COOs. If it is on the agenda, what should it specifically include: risk management, cost cutting, cash reduction or new channels? If SCM is not directly on the CEO’s/COO’s agenda, what is on their agenda? Is there a link between SCM and these topics? More importantly, is there a framework that links the firm’s value proposition to its supply chain strategy? Such a framework can establish a strong connection between business strategy and SCM and help position it in the eyes of the firm’s decision-makers.
Become a member of the SCM Research Community
If you would like to participate in the study or need further information, please send an email to email@example.com.