What is Supply Chain Management?
Increased sophistication in customer requirements and greater competition, have pushed the industry towards higher and higher levels of efficiency in an effort to meet customer needs and cut costs. One of the results of this drive has been the outsourcing of goods and services to third parties, in a way that has inexorably bonded the supply chains of operators, contractors and suppliers.
The question today is whether increased efficiency in the way individual companies are run is going to provide the industry with the performance improvements it seeks, or whether a new approach is needed which takes into account the whole Supply Chain.
Supply Chain Management is about managing the flow of information, materials, services and money across any activity, in a way which maximises the effectiveness of the process. It is about introducing new tools or revising well-known techniques in an effort to ask ourselves: “Is this the right thing to do” rather than “Is this the best way we can continue to do the same thing”. This is a continuous process, not a one-time fix.
In short, successful Supply Chain Management will reduce the costs of both clients and suppliers, while sustaining or improving added value and margins. Consequently, companies that have effective supply chains are most successful.
“A company that fails to manage its supply chains at a strategic level is unlikely to meet its business objectives effectively.”
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“Efficiency is doing things right. Effectiveness is doing the right thing.”
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“The LOGIC methodology will achieve a step change in the way the industry looks at Supply Chain Management.”
Richard Reynolds.” – Head of Procurement – Aker Oil & Gas Technology
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Supply Chain Management Assessments:
This diagnostic process is designed to help you identify areas of improvement in your supply chain practices. The process is underpinned by the LOGIC SCM Methodology, the only industry recognised approach and questions will be asked from three different perspectives:
* What are your current practices?
* Do you consider these to be the best practices?
* What is the size of the gap between current and best practice?
More importantly, the assessment is an opportunity for the companies to create an internal ‘team for change’ which can absorb the tools and techniques available and become a self generating catalyst for continuous improvement.
“The presence of LOGIC provided focus and speed. More importantly we now have a highly effective, highly duplicatable process.”
John Lee – Operations Manager – Wood Group Engineering
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What can supply chain Methodology do for you?
The Methodology has been designed with input from Shell and Ernst & Young. LOGIC’s actviites are designed within a short period of time to:
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Give you the skills to champion the methodology in your own organisation;
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Encourage you and your organisation to adopt a more strategic approach to supply chain management
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Conduct a quick review of your supply chains and rank them based on their potential for contributing to your company’s current business plans
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Identify and implement any ‘quick wins’, e.g. simpler ways of buying low value goods/services, making purchasing policies and practices consistent
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Initiate project-based reviews of your key supply chains using cross-functional teams and the approach advocated in the LOGIC methodology.
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Building on your success, create an internal ‘team for change’ which can absorb the tools and techniques available and become a self generating catalyst for continuous improvement
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