Business improvement specialists, Oliver Wight, have teamed up with ITN Productions to film a revealing documentary, ‘Turning Fortunes Around - uncovering the secrets of Supply Chain success’.
The programme, produced for the Global Logistics and Transport News channel, a partnership between ITN Productions and the Chartered Institute of Logistics and Transport (CILT), aims to capture the current state of global supply chains and how to manage them.
Introducing the film, presenter Natasha Kaplinsky, explains that optimising the supply chain can bring down costs by half but as well as more accurate forecasting and reduced overstocking, a mind-set change is also required.
“The recent horse meat scandal brought the complexity of global supply chains and the difficulties of controlling them, sharply into focus,” says Oliver Wight consultant Liam Harrington, interviewed in the documentary. “The industry is dominated by the dogma of price, however the lowest price doesn’t actually mean lower costs and it can put reputation on the line when the price quest leads to a fragmented supply chain.”
The film includes interviews with Oliver Wight customers, furniture manufacturer the Quality Furniture Company, which says it owes its survival to supply chain improvements, and Inks manufacturer Akzo Nobel, which has achieved £1 million of savings in just nine months.
Oliver Wight consultant, Anne Marie Kilkenny, who also appears in the film, says,“The collaboration with ITN Productions and CILT is an excellent opportunity to tackle the impact of globalisation, transparency and the environment on the supply chain, and provide some insight in to how to create a more integrated, cost-efficient model.”
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Launched at the 2013 Annual Logistics Conference this month, the Oliver Wight documentary is hosted on ITN Productions’ Transport News Channel as part of its ‘Thought Leadership’ series.