Today oil prices continued their downward trajectory hitting a three-month low after weekly data showed a record buildup in U.S. crude inventories. Brent crude, the global oil benchmark, fell 1.6% to $52.25 a barrel on London’s ICE Futures exchange.
One in three companies have a supply chain center of excellence, but only one in two is successful. These are grim statistics. This is especially true when the word "excellence" drips off of the lips of the supply chain leaders that I meet.
This week, I will speak at Llamasoft's conference on improving supply chain network design. I am also busy this Saturday writing reports for our Tuesday newsletter. One of the reports that I am writing is on the state of Supply Chain Planning (SCP). While other analysts may put the vendors into a four-square evaluation model and declare it magic, I think that this approach does a disservice to the industry. Why do I feel this way?
While supply chain leaders design and fine-tune their networks, supply chain laggards inherit and accept their supply chain networks as a given. Leaders understand the power of strategic planning. However, this realization has not happened quickly; instead it has happened VERY slowly over the twenty-five years that I have been studying supply chain management.