Global

Details

  • Industry: Industrial Manufacturing
  • Type: Survey report
  • Date: 5/13/2013

The future is in the supply chain 

Future in supply chain
KPMG's Global Manufacturing Outlook 2013 report finds companies are recalibrating their supply chains as they seek to capitalize on opportunities and respond to challenges.

“Collaborating with partners and suppliers on innovation helps to bring the best ideas to the table quickly and gives manufacturers an edge. Choosing the right partners and opportunities is critical. Who works best with our company? Do we have the right processes to ensure speed to market? Moving past business as usual is essential to succeed in the new economy.”


- Ken Seel, KPMG Head of Conglomerates

Companies that are starting to view partners as more of a “network” than a “chain” are finding other significant benefits. As companies step up investment in innovation, whether in search of "breakthrough" R&D or incremental improvements to existing products and services, they are increasingly looking to their supply network for ideas: 51 percent of our survey respondents say partnerships, rather than in-house efforts, will characterize the future of innovation.


Companies are recalibrating their supply chains as they seek to capitalize on opportunities and respond to challenges. A majority (57 percent) of survey respondents say that optimizing inventory, transportation, logistics, and other operational costs is central to achieving operational priorities. For large companies (US $5 billion and over) in particular, demand-driven planning (cited by 41 percent) and integrated business planning (36 percent) figure among their top strategies for supply-chain optimization.

 

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