Five maxim compass navigates supply chain efficiency

Magazine Article, Source : The Manufacturer
Zone : Supply chain and Logistics
Published : September 2009

Richard Renshaw and Alan Braithwaite – both of LCP Consulting and Cranfield University – have developed a five maxim supplier management ‘compass’ to ensure supply chains remain efficient during the downturn while primed for the upturn.

In a tough economic climate, when demand is down, there is an imperative for companies to review their supply chains to reduce cost, remove activity that reduces profitability and conserve cash. Many midsize manufacturers have found themselves...

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