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Is It Time to Invest in Your Supply Chain?

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Hailey Lynne McKeefry
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Re: only for the brave
Hailey Lynne McKeefry   10/25/2013 6:10:56 PM
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@Flyingscot, i think that the uncertainty, which is certainly there, means that investments need to be strategic and well researched. Moving forward is important, even in tough times.

Hailey Lynne McKeefry
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Blogger
Re: only for the brave
Hailey Lynne McKeefry   10/25/2013 6:10:55 PM
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@Flyingscot, i think that the uncertainty, which is certainly there, means that investments need to be strategic and well researched. Moving forward is important, even in tough times.

FLYINGSCOT
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Supply Network Guru
only for the brave
FLYINGSCOT   10/5/2013 3:56:46 PM
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I believe it takes a brave person to make significant investment right now given the uncertainty in many markets.  Whilst our revenues and profits are lacklustre I cannot foresee anything except a steady low key course until things pick up somewhat.

Hailey Lynne McKeefry
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Blogger
Good news in small packages
Hailey Lynne McKeefry   10/3/2013 5:47:46 PM
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Like you, Wade, i'm optimistic about the way things are heading. It's sometimes tough to see the small signs, but like the first daffodil after a long winter, they are there. I appreciate you pointing them out!

RyanL
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Stock Keeper
Is it still worth investing if there are large information gaps?
RyanL   10/2/2013 5:18:55 PM
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Thanks so much for the encouraging macro outlook Wade! I wonder though as a contract manufacturer who typically does not have access to our customers own supply chain investitures, or even tentative forecasts, is it still worth our time and money to invest heavily in supply chain at this time? We would love to better facilitate our place in the industry by investing in the better tools  you mentioned (analytics, demand management, logistics management, etc.). However if we ourselves have not recovered from the economic downturn yet, and don't have enough information from our customers about their needs to accurately forecast, should we invest knowing the macro but not specifics? It's something we struggle with a lot around here. Our forecasts are only based upon looking upon past demand, we don't have any access to look towards future trends. Is it worth trying to get customers to share that information with us? How hard do we push to get that information? Do we invest now with little data to move on because of the encouraging overall economic upturn, or do we wait for increased orders to motivate the need to invest? Does that leave us behind the curve or more financially sound because we waited?



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