Progressive Railroading


Newsletter Sign Up
Stay updated on news, articles and information for the rail industry

All fields are required.

Rail News Home Rail Industry Trends


Rail News: Rail Industry Trends

Survey: Supply chains lack efficiency, synchronization, U.S. business execs say

A majority of U.S. business executives believe their supply chains aren't working efficiently and can be better synchronized between vendors, customers and suppliers, according to a recent survey conducted by research and consulting firm WirthlinWorldwide Inc.

Companies cannot improve operations by trying to optimize individual supply-chain pieces, most respondents said.

Last week, WirthlinWorldwide surveyed top executives attending Longitudes 04, a two-day symposium sponsored by United Parcel Service and Harvard Business School Publishing. More than three-quarters of attendees work for companies with annual revenue of $500 million or more and serve as vice presidents or higher-ranking officials.

An effective supply chain enables a company to reduce operating costs, improve customer service and increase sales, a majority of respondents believe. But more than half of the polled execs said their corporate strategy and operating plans aren't well integrated.

Today's biggest supply-chain problems are accurately forecasting demand, blurred lines of responsibility and incomplete inventory information, a majority of execs said. Some root causes of those problems are internal "silos" or lack of communication, outdated technology, and poor collaboration with suppliers and partners.

Contact Progressive Railroading editorial staff.

More News from 5/5/2004