BOSTON, MA -- (MARKET WIRE) -- 04/10/07 -- Aberdeen Group today announced that supply chain
management (SCM) and financial executives representing over $17.8 billion
in transportation spend met last week at the SCM Summit to outline critical
components of global supply chain management, including live research with
the executives on hand. Attendees from North America, the European Union,
and Asia-Pacific shared how new organizational and technology strategies
are enabling their organizations to improve financial performance and
increase market share.
"Successful companies are embracing Generation 3 principles of supply chain
management," stated Beth Enslow, Senior Vice President of Enterprise
Research at Aberdeen. "While first-generation SCM focused on
department-level efficiencies and second-generation SCM brought order and
cost-cutting within an enterprise, Generation 3 SCM is orchestrating
multi-party processes that span the end-to-end supply chain to drive
strategic market benefit for companies. This is requiring centralized
supply chain organizations that work hand-in-hand with their CFOs and
Treasurers to drive profitable growth and market agility for their
companies."
The focus on multi-party supply chain transformations is consistent with
new Aberdeen research that finds that 85% of companies are currently
focused on creating new supply chain innovations or looking to adopt best
practices, supported by an increase in supply chain technology spending.
Results from the onsite instant polling of the supply chain executives
revealed some quick statistics about the Summit audience:
-- 52% of participants are most focused on improving their supply chain's
transparency/visibility in 2007.
-- Multi-tier inventory management is earmarked as the area with the most
opportunity for improvement and business impact.
-- 53% of participants are actively using or investigating Supply Chain
Finance techniques to lower end-to-end costs.
-- 41% of participants are currently using or evaluating Software as a
Service (on-demand applications) for supply chain management.
Participants walked away with actionable supply chain recommendations from
executive best-in-class presenters from: IBM Integrated Supply Chain,
Target Corporation, Boeing, Nike, Under Armour, Agilent Technologies,
Wrigley, Anritsu, Williams-Sonoma, Boston Scientific, Raytheon, Supply
Chain Executive Advisors, MIT, and Nypro Inc.
During the proceedings, Aberdeen presented five companies with Supply Chain
Management Achievement Awards. The award winners were as follows:
-- Renault received the Executive Stewardship Award for achieving
performance heights due to the direct involvement and leadership of
executive management.
-- Panasonic received the Process Excellence Award for demonstrating
process ingenuity, agility, flexibility, and scalability in addressing
changing business requirements.
-- Boeing received the Business Evolution Award for managing information
flow across internal functional practices to achieve measurable business
growth.
-- Proctor & Gamble received the Innovation in Technology Award for
maximizing technology solutions to solve pressing supply chain issues in
order to positively impact company performance.
-- Agilent Technologies accepted the Performance Excellence Award for
harnessing the performance impact of supply chain activities and mastering
methodologies for financial, operational, and customer-centric performance
excellence.
The Summit's overall focus was on how companies are transforming their
physical and financial supply chains in the face of globalization, with
discussion on topics such as: transitioning to a centralized supply chain
organization; improving supply chain visibility; new inventory management
approaches; breakthroughs in supply chain finance; and supply chain
compliance and risk management strategies. "We were pleased to be the
catalyst bringing together the leading supply chain, financial, and other
key executives to share experiences of successful supply chain
transformation," said Beth Enslow, Senior Vice President of Enterprise
Research at Aberdeen.
Summit sponsors included: HSBC, TradeBeam, Infor, PowerTrack, Archstone
Consulting, GT Nexus, Red Prairie, Loftware, Voxware, and Harte-Hanks.
For additional information on the summit, visit:
http://www.aberdeen.com/events/live/GSC07/
About Aberdeen Group, a Harte-Hanks Company
Aberdeen is a leading provider of fact-based research and market
intelligence that delivers demonstrable results. Having benchmarked more
than 30,000 companies in the past two years, Aberdeen is uniquely
positioned to educate users to action: driving market awareness, creating
demand, enabling sales, and delivering meaningful return-on-investment
analysis. As the trusted advisor to the global technology markets,
corporations turn to AberdeenTM for insights that drive decisions. For
additional information, visit Aberdeen http://www.aberdeen.com or call
(617) 723-7890, or to learn more about Harte-Hanks, call (800) 456-9748 or
go to http://www.harte-hanks.com.
Media Contact:
Beth Enslow
Aberdeen Harte-Hanks
519-883-1430 Beth.enslow@aberdeen.com
About Aaron Reed Aaron Reed is an assistant professor specializing in software architecture and design and .NET development at Neumont University in Salt Lake City, UT. He has worked professionally in the industry for over 12 years as a lead architect/designer, development manager, and VP of development. When he isn't spending time reading up on the latest in software development, Aaron loves spending time with his beautiful wife and three children.
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