Summary
The current economic downturn means that many companies are wrestling with the apparently conflicting priorities of reducing costs today whilst building capability for tomorrow. By developing a customer driven approach to their supply chain, strategy companies will not only survive but should thrive in the downturn. This approach, adopted by S A Partners, embraces three powerful concepts. The concepts are: 1. the principles of strategic alignment, 2. the philosophy of Lean, and 3. the output from the Cranfield University Innovative Manufacturing Research Council. Alignment is an important part of strategy deployment as it ensures that a company focuses on the right things that support its strategic direction (Dale, 2008). As with all good strategies, the formulation is much easier than the deployment. Having an organizational design, a performance management system and information systems that support a customer driven and differentiated approach are crucial to success and the pursuit of perfection.
See the full content of this document
Extract
Embracing the Five Lean Principles
The current economic downturn means that many companies are wrestling with the apparently conflicting priorities of reducing costs today whilst building capability for tomorrow. Evidence (Ellis, Meehan and Sequeira, 2008) shows that recession is a prime time to move from in...
See the full content of this document
Sponsored links
