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February 17, 2012
Supply Chain Execs Aren't Pleased With Disaster Planning
By John Vinson
All sorts of bad things can happen when dealing with supply management issues. It's vital to have contingency plans in place for supply chains; so why are so many managers displeased with their companies' planning?

A recent survey showed that 30% of hi-tech and supply chain execs feel that their contingency plans could be better. There's a focus in the industry where everyone seems to look at profit margins as the ultimate benchmark of success. This is true, but it also leaves supply chain execs with little resources to focus on how to shift practices when necessary.

Digging deeper into the report, there were enough crises in 2011 that warranted sharp changes in the survey's results. In 2011, 65% of the respondents described their contingency planning as "average", "below average", or "poor". The 2012 survey marked a sharp increase, with 80% of the respondents using these terms, instead of "excellent" and "above average".

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