Michael Warrilow, managing director for analyst firm Hydrasight, said ‘industry leaders are created in lean times, more so than in good times’.
‘Therefore, the organizations that will benefit most from the changing economic conditions will be those that can successfully transfer capital costs and liability to external service providers, while maintaining insight and control.’
Agreeing, Loh Sin Yong, general manager, CrimsonLogic eTrade, told ZDNet Asia that companies can outsource supply chain management (SCM) and make strategic use of SCM applications that automate transactions and information flow, and free resources to better meet fluctuating market needs.
ZDNet quoted him as saying, ‘Apart from improving efficiencies in managing exchange of information, employing SCM helps companies remain flexible and responsive to the demands of the changing environment, which are key to survival in a recession climate.’
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