According to a recent survey by Gartner Inc, in 2017 growth was the number one business priority for CEOs. Supply chain costs are typically the biggest portion of a company’s profit and loss statement; it might come as no surprise that CFOs are taking a more hands-on, strategic approach to supply chain management growth drive.
In his recent webinar, Josh Nelson, offered three ways that CFOs can make sure their supply chain supports their growth strategy.
Have a supplier that can deliver you the latest versions of your product(s) in a timely manner. Having this flexibility in your manufacturing assets during new product or service launches is just one supply chain strategy that enables you to be first to market and achieve dominance.
If you have capacity and local supply chain resources, you are able to move products and services to market quickly. This enables you to have the highest level of product availability so you can respond quickly and scale your business as it grows.
Having a commitment to quality extends beyond the making of a product or service. Investing in supply chain sets you up for better pricing capabilities, better brand perception, and enables you to do more when launching new products – whether it be launching to new geographies or new business segments.
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