Compliance driving Global Supply Chains?
8th July 2008 by Alex Briggs1 Comment
This Retail Bulletin article discusses the results of a recently published survey on supply chain issues. According to the 100 UK supply chain professionals surveyed, supply chain managers spend up to 52 days a year keeping abreast of, and complying with regulation and legislation relating to the supply chain.
The research found 84 per cent spend up to 52 days a year on compliance while 16 per cent claim even more time. More than half (58 per cent) claim to be either concerned or very concerned about operating in an increasingly regulated environment.
“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. 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”, comments Andrew Kinder, director, industry and product marketing, Supply Chain Management, Infor.
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25th November 2008 at 2:59 pm
We have several clients with international DCs that are also running into compliance issues with Sarbanes Oxley inventory accountability issues.
Kendall Gordan, SE
http://www.foxfiresoftware.com