Supply Chain Council of European Union | Scceu.org
News

Supply chain-enabled process innovation: How to embark on the journey




By ·

In recent decades, firms have used supply chain management (SCM) primarily for capturing value in supply networks. However, SCM is becoming a prominent means of value creation, especially in commoditized markets where there is less scope for product innovation.

In particular, as supply chains become more fragmented, they are exposed to risks associated with complex information flows and trading partner incentive misalignments. By mitigating or even removing these risks through process innovation, supply chain managers can create value for their customers.

A research project at the Malaysia Institute for Supply Chain Innovation (MISI), a member of the MIT SCALE Network of research centers, looked at how companies can use supply chain processes to unlock customer value. The project identified areas where processes could be improved through innovation and quantified the benefits of these improvements. The analytical approach taken can provide a blueprint for companies that want to follow a similar path to value creation.

 

By ·

In recent decades, firms have used supply chain management (SCM) primarily for capturing value in supply networks. However, SCM is becoming a prominent means of value creation, especially in commoditized markets where there is less scope for product innovation.

In particular, as supply chains become more fragmented, they are exposed to risks associated with complex information flows and trading partner incentive misalignments. By mitigating or even removing these risks through process innovation, supply chain managers can create value for their customers.

A research project at the Malaysia Institute for Supply Chain Innovation (MISI), a member of the MIT SCALE Network of research centers, looked at how companies can use supply chain processes to unlock customer value. The project identified areas where processes could be improved through innovation and quantified the benefits of these improvements. The analytical approach taken can provide a blueprint for companies that want to follow a similar path to value creation.

 








Subscribe to Supply Chain Management Review Magazine!

Subscribe today. Don’t Miss Out!
Get in-depth coverage from industry experts with proven techniques for cutting supply chain costs and case studies in supply chain best practices.
Start Your Subscription Today!


Related posts

Blockchain technology on the rise for supply chain transparency | Automotive Industry Analysis

scceu

USMCA Deal Gets Rare Praise Across the Apparel Supply Chain – Sourcing Journal

scceu

Supply Chain Sources claim that Apple is expecting Stronger than Normal Demand for 2020 iPhones with 5G

scceu
`