3 Strategic Sourcing Trends Of Supply Chain Leaders
Posted in Subcontract Manufacturing Trends on June 26, 2013
What do Apple, McDonald’s and Amazon have in common?
Their supply chains are value-driven, according to a press release from Gartner on the Business Wire website. The top 5 companies in this year’s Gartner Supply Chain Top 25 are the three aforementioned companies, which were also in the top 5 last year. This year they were joined by two newcomers in Unilever and Intel. Companies are ranked by peer votes, a panel of Gartner’s analysts and statistics from the company’s three-year weighted return-on-assets and inventory turns.
Gartner’s study is part of a strategic sourcing initiative that aims to “raise awareness of the supply chain discipline and how it impacts the business.”
Analysts with Gartner highlighted three common trends from the top five performers this year.
- Grow smart: It’s great to see that companies aren’t pulling into a tortoiseshell, slowly dragging their company through operations and strictly focusing on cutting costs. Instead, they’re focused on strategic growth. Debra Hofman, managing vice president at Gartner, says the supply chain today is seen as a “growth enabler,” with a focus on partnering with new businesses and approaching new markets.
- Tap into talent: The talent war is still ongoing. Organizations want people who are not just capable, but passionate and excited about their job. In particular, millennials want to work for a company where they feel like they’re making a difference as opposed to somewhere where they’re just moving up the ladder. As a result, the leading organization wants to be a destination company, and not just another firm to work for. More companies are investing in university relationships, rotational programs, career planning, certification programs and leadership development.
- Lead in performance: Companies can be big talkers about supply chain processes, but leaders are actually implementing initiatives like analytics, supply network optimization and end-to-end supply chain segmentation.
Source: Business Wire, May 2013