We all know we should think long term. And we talk about thinking long term. But, do we actually think long term - and live with our decisions even when it's hard? Not nearly as often as we should!
I took the APICS CLTD (certified in logistics, transportation and distribution) exam yesterday (and passed!); therefore, I have been knee deep in logistics topics this week.
According to the Chartered Institute of Procurement and Supply (CIPS) risk index, risk is the highest since 2013. It is easy to become complacent. Are you adding risk into your supply chain conversations and plans?
In today's Amazon-impacted marketplace, extended supply chains are more interconnected than ever before. Thus, we must be aware of the impacts of our decisions on the rest of the supply chain.
Whether outsourcing, insourcing or near-sourcing or a combination of all three, manufacturers need to reassess their strategies to measure risk and ROI.