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Companies that recognise their supply chain is a strategic asset perform better than those that don’t in both financial and customer relations performance.

The Global Supply Chain Survey 2012, published this week by professional services firm PwC, found that supply chain leaders who view it as strategic asset get supplies on-time and in-full 96 per cent of the time, compared with 89 per cent of the time for those who don’t.

Functions viewed as strategic also excelled in terms of annual inventory turnover, achieving 87 per cent more than average functions. But only under half, 49 per cent, of respondents said their company actually viewed the supply chain as such and just 9 per cent said their supply chain was helping them outperform their peers.

Published in Best Practices

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