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Friday, November 21, 2008
Friday, November 21, 2008
Latest Procurement News
Posted: Friday, July 04, 2008, 8:57AM
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KNOWLEDGE MANAGEMENT TAGS
"Supply Chain Management", "Risk Management"
Increased regulation weighing heavily on supply chain
Supply chain managers are currently spending up to 52 days a year keeping up with, and complying with supply chain legislation, according to a new survey. The infor study, which involved more than 100 supply chain professionals in the UK, found that increasing numbers were concerned or very concerned about increasing regulation in an already heavily-regulated area.
"Supply chains are increasingly complicated, and the fact those responsible for managing supply chains are spending up to 52 working days a year on compliance alone is surprising and of serious concern," said Andrew Kinder, director, industry and product marketing, Supply Chain Management, Infor.
"With the need to dedicate 20 per cent of their working time to supply chain compliance, it's little wonder that professionals struggle to find the time to unlock cost savings, optimise productivity and add all-important value to the business."
The study also found that the diverting of resources to keep up with compliance issues was impacting on risk management within the supply chain, with 30 per cent of respondents admitting they did not have an adequate strategy in place.
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