The 2:00 Minute Warning

Here are two extremely important questions for you and your team to answer:

1.    Is your supply chain an asset or a liability?
2.    Does your supply chain help or hurt your company’s ability to compete for business?

Next Wednesday December 10 at 11am Central, TranzAct will be hosting an extremely important webcast that will address this issue head-on. I know you are super busy, but if you can find the time to attend, it will be a valuable and worthwhile investment of time.

Why is this webcast so important? Having surveyed over 4,000 C-Level and senior logistics executives over the past five years, we have identified an important supply chain paradox that affects a lot of business. We’ve found that 100% of the survey participants say their supply chains are important BUT fewer than 10% of the participants rate their supply chains as being above average or outstanding. Despite saying their supply chains are important, many of these executives have rated their supply chains as being mediocre or below average!

Recently, Adrian Gonzalez, a respected industry veteran and author of the popular “Talking Logistics” series, interviewed me to address the implications of this paradox. Talking about the importance of supply chains is one thing. Actually investing and doing the work to build an above average or outstanding supply chain is another thing!

Why aren’t more C-Level executives committed to having solid supply chains? Adrian and I discussed the fact that absent a holistic view about how supply chains affect their company, companies will take their supply chain capabilities for granted. When companies take their supply chains for granted, it is often because they don’t understand how their supply chain impacts different areas, such as their:

•    Cash, receivables, payables, inventories, and other important balance sheet areas 
•    Income statement and bottom-line profitability as a result of lost sales, excessive OTIF / MABD fines, customer-imposed fines or other “P&L Leakers”
•    Ability to be proactive in managing disruptions or black swan events that impair their operations or ability to get products to their customers 

Next Wednesday, December 10 at 11am Central, this webcast will address these three issues with seasoned experts that have successfully built and managed great supply chains. They will provide valuable insights on how your supply chain can be an asset that helps beat your competition and grow your business to become more profitable.

And as a bonus, our resources will also share three strategies that can reduce your supply chain costs by 10% and make more money. This is just one more reason to register for the important webcast next week. If you sign up but cannot attend, we will send you the video recording of the webcast.

If you’d like to discuss building a stronger supply chain, let’s talk. Send me an email, give us a call, or let’s get together via Calendly.

BY MIKE REGAN, CO-FOUNDER OF TRANZACT

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