Magazine article Management Today

MT Learning Curve: Supply Chain Management

Magazine article Management Today

MT Learning Curve: Supply Chain Management

Article excerpt

What is it? Buying and selling stuff. That's what most business is about, in the end. And yet the nitty-gritty of procuring goods and services receives inadequate attention. It is dismissed as a question of buying paperclips or other unglamorous commodities. Tesco never thought so. Its transformation of supply chain management is the less well-known story behind its success, the hidden system that made Clubcard and clever pricing strategies work. There is nothing boring about a really efficient supply chain that is reliable and lets you beat the competition.

Where did it come from? Globalisation is not a new idea. (Read

John Masefield's poem Cargoes if you doubt it - 'Quinquireme of Nineveh from distant Ophir... ') And yet before industrialisation, most trade was local and supply chains were short. The modern global era has tempted, and sometimes forced, businesses to find cheaper or better suppliers all around the world. But the quick wins of globalisation have now been achieved, and supply chain management has got to move up to a new level. …

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