Responsive, adaptive supply chains ensure strong profitable growth in this continuing business climate of risk, instability and rapid change.
Raleigh, NC (PRWEB) October 31, 2011
The number one business planning challenge for 2012 is continuous change, according to a new Tompkins Associates’ paper, The Adaptive Supply Chain: Today’s Mandate for Profitable Growth.
“Adaptability is the secret to profitable growth in today’s new norm,” says Jim Tompkins, CEO of Tompkins Associates and author of the paper. “In this framework of constant change, victory will go to the most resilient instead of those who merely rely on the status quo. Being adaptive is not about having a great plan, but being able to move and change very quickly to stay ahead of the market.”
This new resource for supply chain leaders points to eight factors of adaptability – uncertainty, volatility, rapid change, culture, scope, time frame, responsiveness and financial sync. And it offers four tools for adaptability – both offensive (strategic) and defensive (contingency) – based on different time frames:
1. Scenario Thinking (long-term)
2. Predictive Modeling (mid-term)
3. Rolling Forecasts (mid-term)
4. Business Intelligence (short-term)
“It is impossible for a company to be truly adaptive unless it has a responsive supply chain,” Tompkins adds. “Responsive, adaptive supply chains ensure strong profitable growth in this continuing business climate of risk, instability and rapid change.”
Read more about The Adaptive Supply Chain:http://www.tompkinsinc.com/publications/monograph/adaptability/
About Tompkins Associates
Tompkins Associates transforms supply chains for profitable growth. For more than 35 years, Tompkins has evolved with the marketplace to become the leading provider of growth and business strategy, global supply chain services, distribution operations consulting, information technology implementation, material handling integration, and benchmarking and best practices. The company is known for innovative, practical solutions that improve supply chain performance and produce value-based results. Headquartered in Raleigh, NC, Tompkins has offices throughout North America and in Europe and Asia. For more information, visit http://www.tompkinsinc.com.
Myra Schwartz, 919-855-5533