50% of supply chain professionals say crucial data is either late or inaccurate, holding back global supply chain optimisation. The majority (60%) of supply chain managers say their organisation is too focused on internal, tactical concerns to be able to collaborate effectively with external partners, at a time when globalisation is forcing companies to view and use their supply chain more effectively, a new survey has revealed. Half (50%) also believe their ability to react to unexpected events is hampered because of incorrect or late inventory and replenishment data.
The findings
The results were revealed in a poll of 120 senior supply chain professionals exploring the main areas able to deliver realistic medium-term improvement in supply chain performance, with a quarter (25%) of participants reporting that daily replenishment requirements as part of supply chain optimisation was not being supported with the right investment. A fifth (20%) said they believed the reason cross-enterprise collaboration fails to yield the expected benefits is because executives do not engage with their counterparts at a strategic level, while a quarter (25%) said robust IT was the foundation for success.
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