Horsemeat scandal: the lesson from a Japanese car manufacturer
Forget imposing more regulation. Better supply chains come from dropping the obsession with managing cost downwards
Full Story: The Guardian
I think Boeing learned a similar lesson in the recent Dreamliner 787 project management debacle.
They went for lowest bidders in a complex project requiring high degree of integration and quality control, ended up going more than double over budget to clean up after suppliers’ messes.
This is actually representative of the standard mindset of most corporate executives rather than some specific management flow issue.