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If you want an integrated, flexible, high visibility and high control supply chain that drives costs down and service up – create an “insourced” supply chain relationship. As the pace of change in the world speeds up and life cycles of products and markets shorten, so demand becomes more and more difficult to predict. Planning and forecasting emerge as the biggest challenges facing supply chain managers. In parallel to these challenging circumstances, supply chain managers are also finding it increasingly difficult to find skilled staff. The reason that the world’s most successful companies are more likely to form relationships with both 4PL and 3PL suppliers, is that they have realised that those companies with the most efficient supply chains are succeeding at the expense of their competitors. These relationships increase service levels, reduce costs and increase both flexibility and control. Companies that have chosen this route have been proven in several studies to be more successful than their competitors. Their superior results are testimony to the wisdom of their supply chain strategies. Relationships with logistics and supply chain companies help them to overcome not only the global supply chain skills shortage, but also to introduce a lot more flexibility and competitiveness into their businesses. |
