Another Ducking Digest: October 2, 2023
Description
In today's episode of Another Ducking Digest, Sarah Scudder and Lindsay Smith delve into the intricacies of manufacturing supply chain department budgeting. Each manufacturer's unique supply chain warrants distinct budget models, influenced by factors like industry, expenditure levels, market dynamics, commodity characteristics, sourcing methods, pricing contracts, and tariff implications. The budgeting process can be as intricate or as simplistic as desired, ranging from a comprehensive assessment of historical data and market demand trends to cost considerations, technology integration, risk management, supplier relationships, and workforce development. They emphasize the importance of aligning the budget with both corporate objectives and 2024 supply chain strategies, engaging key stakeholders, and staying informed about industry developments and peer use cases.
United States
