Summary
In The Daily Telegraph's 'View from the Boardroom' series, this article argues that supply chain management is sufficiently business critical to merit Board-level representation. For example, supply chain disruption can result in a 20 % reduction in a company's share price, and key financial messages in the accounts can be linked to the supply chain function. The article continues:
'Indeed, Martin Smith and Chris Poole, of PA Consulting Group, point out in a Financial Times article in December 2007 that, back in 2004, consumer goods group Procter & Gamble was attributing some $1bn in annual sales growth to a new supply chain management approach.
' "P&G made a strategic choice and the CEP drove it through the business with the board giving it full and personal endorsement," they wrote. "The supply chain became a significant board-level topic with action plans driven down through the entire organisation." '
