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Redefining Supply Chain Excellence

May 29, 2019

Podcast image of Steven Bowen.

Inside Forbes Councils Episode 35: Redefining Supply Chain Excellence

Featuring: Steven Bowen, Forbes Boston Business Council

Being strategic about your supply chain can improve cash flow, drive shareholder value, and yield greater profits. Forbes Boston Business Council member and founder and CEO of Maine Pointe, Steven Bowen, discusses these issues with Dr. Paul Dittmann. Mr. Dittmann is assistant head of the Department of Supply Chain Management at the University of Tennessee’s Haslam College of Business and lead author of the Global Supply Chain Institute’s white paper, “Driving Shareholder Value with your Supply Chain.”

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Key Takeaways

  • Supply chain management must be an end-to-end strategy that is more than just procurement and transportation.
  • Investing in supply chain excellence may drive shareholder value by significantly impacting cash, costs, and growth.
  • New technology and metrics must support the supply chain strategy. Technology should help execute the strategy and metrics must be designed to tell the story of the impact.

Additional Resources

Six Ways To Optimize Your Supply Chain To Generate Profit by Steven Bowen

How CEOs Can Create Value With Supply Chain Optimization by Steven Bowen

Three Common Supply Chain Weaknesses And Strategies To Overcome Them by Irfan Khan

Is Blockchain The Perfect Match For Supply Chain? by Chao Cheng-Shorland

Can Solar Learn From Retail’s Supply Chain And Procurement Strategy? by Joern Hackbarth

Tweetable Insights

"Our responsibility as supply chain professionals is expanded … it’s now all about end to end. The supply chain is from my supplier’s supplier to the customer’s trunk." — @mainepointe

"You have to understand what their needs are today as well as what you believe their needs and they believe their needs are going to be in the future." — @mainepointe

"It’s our responsibility as a supply chain to have the right product, right place, right time — therefore we enable growth." — @mainepointe

Featured Member

Steven Bowen is the Founder and CEO of Maine Pointe, a firm specializing in driving EBITDA and cash improvements across the areas of procurement, operations, and logistics to enable growth. He has more than 30 years of P&L experience, leading turnarounds, high-growth businesses, and Fortune 1000 companies, and is the author of Total Value Optimization: Transforming Your Global Supply Chain into a Competitive Weapon.

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