That’s the question that Ade Asefeso answers in his new book “Lean Procurement and Supply Chain Management (Key to Reducing Costs and Improving Profitability)”
Ade said. “During the past few years, companies have focused on supply chain improvements with initiatives centred on operational excellence and cost cutting. But have they worked?”
Ade answers the above questions by saying. “In today’s on-demand environment, companies are facing growing challenges around market volatility, costs, long lead times and unpredictable forecasts. Your inventory management decisions can make or break your firm’s financial bottom line. You will find strategies in this book that will let your company meet these daily challenges and optimize working capital efficiency.”
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Ade also said that. “Today, the buyer’s responsibilities have changed dramatically. Instead of simply finding the right materials and services at the best price, buyers must play a critical part in improving the flow of information and materials throughout the supply chain.”
Ade pointed out that “One of the old way of doing business consists of buyers managing MRP forecasts and communicating with suppliers via phone, fax and e-mail. Spreadsheets and manual reports are passed between the suppliers. These manual processes are slow and cumbersome. They cannot support today’s on-demand enterprises.”
Ade mentioned the fact that “Supply chain procurement professionals spend too much time managing the hot list and reacting to short-term issues. They lack the data visibility to manage their operations strategically. They cannot seem to find the time to develop strategic plan with suppliers and deploy improved lean processes that are focused on eliminating the root cause of their procurement problems.”
Ade concluded by saying “Without lean procurement, buyers spend the majority of their time on non-strategic processes like tracking down order status, expedite/de-
Ade spent a lot of his time representing various companies either at supply chain level, operational level, sales and marketing level, and senior executive level across Asia, North America, Africa, Eastern and Western Europe.
Ade is currently the CEO of AA Global Sourcing Ltd. A company that helps local businesses outsource so that they can enjoy the benefits that used to be enjoyed by big corporations for years.
All this still doesn’t make mention of Ade’s increasingly successful career as an author, of numerous books on Finance, Business Ideas, Personal Development, Self help, Outsourcing, Lean Manufacturing, Agile and Lean Office, Lean Office, Six Sigma, Lean Startup, Lean Procurement and Supply Chain Management, Real estate and Online Marketing.