Supply chain competitiveness is rarely seen from the lens of productivity. Often, the perspective is replaced with that of profitability – of cost margins and savings. Yet, attitudes towards productivity are changing. Studies suggest that for many businesses, improving the productivity of systems, processes, and the workforce has emerged as a critical target. To understand why this is so, it is necessary to understand the implications of productivity for the supply chain.
Productivity essentially is a ratio of the output to the input. In supply chain terms, the productivity of an organization can be high if it produces more units of […]