Pain Or Gain
The numbers say supply chain security has a great positiveor negativeimpact on the business as a whole
By Lauren Gibbons Paul
September 30, 2004 — CSO —
A sidebar to "How to Improve Supply Chain Security."
In a May 2004 IDC survey of 97 companies, more than half of the respondents cited each of the following supply chain security risks as a "major concern":
*Damage to company's brand or reputation
*Compliance with governmental mandates
On the flip side, more than half of respondents also cited the following as "major benefits" of good supply chain security:
*Reduced cost
*Preserved brand integrity
*Improved supplier relationships
*Increased supply chain velocity
Read more about supply chain security in CSOonline's Supply Chain Security section.
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