Is following ‘best practice’ necessarily the best way forward? Perhaps surprisingly, it may not be.
What’s good for one company is not always good for another and going purely on good financial performance may not necessarily indicate the most successful supply chain strategy.
In essence, these are some of the initial findings of the Supply Chain 2020 Project, a multi-year research effort, initiated by the MIT-Zaragoza International Logistics Programme, to identify and analyse the factors that are critical to the success of future supply chains up to the year 2020. According to Dr Larry Lapide, director demand management, MIT Center for Transportation & Logistics, there is a strategic framework and a set of deeper guiding principles – not best practices – that underpin supply chain superiority.
‘The competitively principled’ supply chain, where strategy, operating models, performance metrics, and practices are aligned in a strategic framework, is where we should be heading. It appears to be a matter of getting down to core principles.
But in order to create a supply chain that is adequately designed for competitive performance, an understanding of macro factors and future scenarios is essential. Dr Lapide will be offering an insight into the future issues facing supply chains in his keynote presentation – ‘Supply Chain 2020: Massachusetts Institute of Technology bringing you the future now’ – at the Extended Supply Chain conference, Riverbank Plaza, London, 3rd – 4th March. (More information at: www.esc2008.com)
I’m certainly keen to hear Dr Lapide’s presentation – it sounds intriguing.