Effective and agile to changing customer needs

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Reference no: EM133310730

Question: Gentech is a large multinational company with an annual revenue of $60 Billion. The company has a presence in a hundred countries across the globe and employs over 150 thousand employees and contractors. Gentech sells software, hardware and integrated business solutions. The company has been a market leader for several years, but growing competition over the last couple of years has put a strain on the company's revenue. In the last two years Gentech has seen an 18% reduction in its revenue. The CEO of the company, Elliot Smith, is determined to turn the ship around and has pulled together a task force to investigate the problem. Elliot has long believed that the company's strategy and product offerings are best in class, however, he is convinced that in order for the company to increase its market share and profitability, its supply chain needs to be more cost effective and agile to changing customer needs. To that end he is looking to his task force to drive efficiencies in operations worldwide and has challenged them to reduce cycle time of operations by 15%.

Reference no: EM133310730

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