Achieving state-of-the-art excellence and attaining the cost reductions associated with outstanding logistics efforts is an obvious gain in terms of competitive edge and profitability. As logistics tools evolve in comprehensiveness and complexity, and the use of these new tools becomes more pervasive, maintaining a position of leadership in logistics functions also becomes increasingly difficult. And in spite of its importance not only to the bottom line but also to the functionality of your operations, logistics improvement often lags industry requirements....
The term "core competency" first became popular through an article on the subject which
appeared in Harvard Business Review in June 1990, entitled The Core Competency of the
Corporation, by Pralahad and Hamel. It defined core competencies as "the collective
learnings in the organization, especially how to coordinate diverse production skills and
integrate multiple streams of technologies." The thesis being that core competencies (i.e.,
harmonizing streams of technology) can become a way of competing via developing new
products built around/off of a firm's proven competencies.