David Daffner, Vice President
Many companies struggle to gain control over supply chain management, leading to inefficient processes, spiraling costs and the inability to use technology to its fullest advantage. Ultimately these distractions limit your staff’s ability to fully focus on executing high-priority objectives. Consider what the data shows:
- For every $1 spent on the product itself, another $6 is spent on ancillary services to bring that product to market. (CAP Ventures)
- The communications supply chain can represent as much as 3 percent of revenue and 15 percent of overall indirect purchases. (Aberdeen Group)
- Companies lose 20 to 30 percent in revenue every year due to inefficiencies. (IDC — market research firm)
What’s necessary is an assessment of key business areas that includes an evaluation of personnel, processes and technology to determine where improvements can be made. From digital transformation of customer communications and supply chain optimization to increased consumer engagement and greater speed to market, each tactical outcome has the ability to realize more time, more money and more resources to focus on what’s most important — delivering on your company’s mission.