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Transport engineering, Business and Management.
Supply chain management (SCM) has been so successful that it is largely taken for granted. Its success has been built on improving three key flows – of product, of money and of information – and on one core principle – core competence. What next for SCM? This article outlines the vulnerabilities that are embedded in modern supply chains and the unintended consequences of outsourcing activities that are not core competences. These consequences are global and have the potential to undermine past achievements. Finally, broad suggestions are made as to how these issues can be addressed and the areas on which supply chain management needs to focus over the next 20 years.
Lee, D. Where next for Supply Chain Management? Chapter 2 in Passaro, R. and Thomas, A. (Eds), Supply Chain Management: Perspectives, Issues and Cases, Milan: McGraw-Hill, pp. 29-38.