Apply the balm where it hurts  the most …In the first of part of the blog series here, we are trying to understand the global economic problem through the the view that matters most for organizations , the lens of “Free Cash Flow”, a measure of liquidty and business performance that most organizations operate on. In the interest of keeping this discussion focused, we have limited the point of view around the “procurement and supply management” processes and response strategies , but is well applicable across all operations . As we may still be getting over the worst of this ” Tsunami ” , wish if all of us could share the experiences and the survival stories for the benefit of the larger supply management community .

We keep getting lashed by these heavy waves of destabilization at frequent randomness, from Katrina, to Avian flu, to global recession and while we were still struggling on these, as if not enough, now the Swine flu. The USP of all these are that we don’t know what, when and how this hit us, when we were least expecting. It takes a good toll of all of us. The good thing about this is that it wakes us all from the slumber and complacency to make us take note and innovate.

The current economic crunch is one such great “Tsunami “which has jolted all the greats and spared none.

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http://www.infosysblogs.com/supply-chain/2009/06/part_i_winning_over_this_tsuna_1.html#more

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