Technical Innovation in the supply chain
Description
The degree to which supply chain service providers are able to deliver technical innovation. The supply chain also involves the way producers, consumers and logistical services providers look at the entire supply process. Due to globalization and regionalization, companies concentrate their manufacturing and warehousing activities regionally or globally, purchase from a global supplier base and increase their market to a regional or global scale. In order to increase efficiencies logistical services providers (3PL & 4PL) continuously look at new and innovative ways to improve the supply chain
Enablers:
- connectivity of information
- driving force about use of internet
- level of investment in carriers, ports and terminals
Inhibitors:
- http://scenariothinking.org/wiki/index.php/Oil_price
- current financial crisis
Paradigms:
One of the key value drivers for retailers is the total landed cost of the product. That means it is not only the cost of production that counts, but vitally, the cost of transport to market
Experts:
Dave Appleton
Web Resources:
www.nol.com.sg