The Journey from Cost to Value

what is value It can take many forms. Value happens when the supply chain is used to drive competitive advantage. The supply chain drives maximum value when it is aligned to the business strategy. 

Cost savings are forgotten in a matter of months the impact of creating value stays for many years. 

Companies that committed to global growth early in the period from 2000 to 2005 accelerated corporate growth faster than their peer groups through the adoption of supply chain practices. 

The changes happened quickly. In 1972, Richard Nixon and Henry Kissinger laid the groundwork for U.S. business expansion into China. In 1989, the fall of the Berlin Wall accelerated trade in the Eastern European block countries. Leadership in high-tech product innovation shifted from Japan to Korea in the late 1990s. The rise of the euro in 1998, and a single currency in Europe, changed the face of trade. 

Changes in geoeconomic policy made expansion possible. Global brands were a new reality. While the first generation of supply chain professionals focused on the first brick of the supply chain—asset utilization—the second generation led the charge for the second brick of 

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