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The Supply Chain Has Moved to the C-Suite Agenda
Most companies do not have a role for supply chain expertise in the C-suite, and often do not see the need for one. By default, the CFO often takes on that responsibility. The CFO understands dollars, and a lot of those dollars are tied to the supply chain. The supply chain has an important influence on revenue. Essentially, supply chain management relates to almost any business activity and has, in effect, been a key element in overall business strategy. It entails the management and optimization of resources and business processes to meet specific business objectives. Without someone providing the correct overall guidance, companies often make efforts to improve operating efficiency and reduce costs, which takes time away from value-adding activities.