Procurement and Logistics Silos Hinder Supply Chain Efficiency
A recent GSCI study from the University of Tennessee reveals that insufficient procurement and logistics collaboration creates supply chain bottlenecks. Independent budgets lead to departmental fragmentation and information asymmetry. Enhanced collaboration can improve supply chain resilience. Companies should establish shared performance metrics, optimize organizational structures, invest in technology, and cultivate a collaborative culture to break down departmental silos and maximize supply chain value. This requires overcoming budget independence and fostering information sharing to achieve true supply chain synergy.
