I know most sequels don’t live up to the original (Lord of the Rings: Return of the King, being a recent exception) but there was a lot of interest from the first post I thought it warranted another chapter.
One question I was asked was: what are the other game changers that Vitasek and Dittmen have identified? You cannot have a top ten list and only talk about one. While I encourage you to read the full report, the top ten are (in no particular order):
- Mandate for Measurement
- Supply Chain Collaboration
- Lean/Six Sigma Applied to Supply Chain
- Managing Complexity
- Supply Chain Technology
- Network Optimization
- Global Supply Chain Implications
- Sustainability
- Risk Management
- Managing out Costs and Working Capital
What struck me about several of these game changers is the need to embrace technology permeated throughout many of the themes. Whether it is a collaborative planning and forecasting (CFPR) systems, interlinked execution software, network optimization tools or risk management models; there is a need to invest in supply chain logistics software. Companies cannot be best in class and in some industries will not be able to survive without having a strong technology backbone that captures the necessary information and provides the tools to make important strategy decisions.
I encourage every company to take a hard look at their supply chain technology infrastructure and domain knowledge of these solutions so they can identify gaps and the action plan to address. Then your company won’t get surprised like the orcs did when the king/economy returns…
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