Companies Losing Unnecessary Time and Money Resolving Supplier Problems, says Aberdeen Report.BOSTON Boston, town, England Boston, town (1991 pop. 26,495), E central England, on the Witham River. Boston's fame as a port dates from the 13th cent., when it was a Hanseatic port trading wool and wine. Having recovered from a decline in the 18th and 19th cent. -- As companies rely increasingly on suppliers to perform critical tasks for them, they need to find better ways to manage supply problems, says Aberdeen Aberdeen, former county, Scotland Aberdeen, former county, Scotland: see Aberdeenshire. Aberdeen, city, Scotland Aberdeen, city (1991 pop. Report. "The Supplier Performance Management Benchmark Report" found that: --Purchasing agents, buyers, and materials managers routinely spend a third to half their time fighting fires because of supply problems. --Recovering from supply glitches is a 6-figure to 7-figure problem for most companies, with some companies reporting that the cost was more than $10 million annually. --Some 40% of respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. said last-minute last minute n. The period just before a significant or concluding moment such as a deadline, due date, or scheduled event: always waits until the last minute to do his holiday shopping. supply issues are resolved based on habit and gut gut (gut) 1. intestine. 2. the primordial digestive tube, consisting of the fore-, mid-, and hindgut. 3. surgical g. blind gut cecum. feel rather than via local or corporate-level business objectives. "With supply chains now more fragile fragile - brittle , more extended, and more time-sensitive than ever before, supplier failures can ripple through a supply chain, creating havoc," said Beth Enslow, Aberdeen's vice president of enterprise research and author of the report. "We found that leading enterprises are changing the way they measure and control their suppliers, and are rethinking the way they identify and resolve supply disruptions." Companies that adopt best-in-class See best-of-class. practices drive down the frequency and cost of managing supply disruptions. They also are two to three times as likely to achieve above average supplier on-time delivery and first-time fill rates. "The Supplier Performance Management Benchmark Report" quantifies the business benefits achieved from improved supplier performance management, benchmarks existing supplier management processes, and recommends specific actions and enabling technologies for maximizing supplier performance and taking a fact-based -- rather than gut feel -- approach to managing disruptions. To obtain a copy of this report, please follow this link: http://www.aberdeen.com/summary/report/other/SuppPerf_093004a.asp. This report, as well as Aberdeen's entire research library, is available to members of AberdeenAccess. For more information visit www.aberdeen.com, or call 617-854-5250. About AberdeenGroup Founded in 1988, AberdeenGroup is the trusted advisor to the global business executive for value chain strategies and business advice. |
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