Supply chain management (SCM) requirements have changed significantly over the past few years. The latest buzzphrase when managing global supply chains is adaptation to increasing global complexity and volatility. Growing pressure from financial markets and the difficulty of increasing operating margins and working capital in this environment require efficient planning and execution of global value-added processes. As a result, more companies are relying on lean supply chain planning approaches, such as LEAN SCP from the Camelot suite of solutions, which simplifies existing planning processes and improves the synchronisation and variability management of supply chains.
A recent survey of supply chain managers clearly demonstrates the urgent need to adapt existing SCM concepts to the new reality: three-quarters of top managers consider market volatility as the biggest challenge to their supply chains, followed by supply chain complexity. Adapting to the new Volatility, Uncertainty, Complexity and Ambiguity (VUCA) in world markets is a major strategic target for most companies. In this context, global SCM can be key to a company’s success.
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