The supply chain opportunity for visionary leaders
There has rarely been a better moment to reinvent and reengineer a company’s supply chain through digital tools and digital transformation.
Over the past few years, we have all experienced first-hand many of the reasons why such change is sorely needed; this has included logjams and staff shortages at ports, route delays due to the Ever Given blockage in the Suez Canal, a global lack of raw materials and parts, plus fast-changing demand exceeding an ability to supply.
However, around the world there are no shortage of technological solutions readily available to solve these problems, with the costs to implement them falling steadily.
So why then has progress and adoption been relatively slow?
For some this has been caused by the wrong corporate approach and C-suite governance, while others have been impacted due to shortages of suitable investment, confusion around the right type of change management techniques to utilize, or a lack of visionary thinking within such businesses to steer digital transformation programmes.
What we are now witnessing is sustained pressure on the supply chain - and it is likely to continue for a number of years yet. To counter this, CEOs and their boards must look internally and externally to prioritize the supply chain areas they view as ripe for digital change.
Successful leaders of the future need to accept the existing status quo is now damaged, and choose to stand at the forefront of their industries through the right implementation of technology-led transformations that will revolutionize their supply chain operations.
According to Pierfrancesco Manenti, VP Analyst at Gartner, supply chain leaders have a
to raise the profile of the supply chain function - and the experts we have spoken to in this eBook - sponsored by HCL Technologies - are in agreement. Graham Saunders, Global SAP Offerings Lead at HCL Technologies, says:
"There were common messages about having a dedicated lead and budget to coordinate, getting the right skills and partners, and understanding the importance of change management.
A key idea was to focus on risk mitigation rather than marginal improvement, with the majority of people we spoke to having a SAP core as an enabler. However, we know many companies in the supply chain still use non-SAP point solutions to elements of DSC."
Global SAP Offerings Lead, HCL Technologies
Throughout the following pages, we will explore our contributors’ thoughts to show how CEOs have no choice but to act immediately, working with their Chief Supply Chain Officers (CSCOs) and other experts to build a more robust, agile, flexible and ready-for-anything supply chain function; one that uses technology and digital tools to take advantage of the transition ahead.
You will learn:
- The four main obstacles to digitalizing the supply chain
- Why too many pockets of siloed implementation stifle innovation
- How to tackle change resistance and the reasons it can occur
- The importance of having an ERP backbone
- How to mitigate for the sudden supply chain shocks still to come
We do hope you enjoy reading this eBook and that it inspires discussion and action among your own C-suite.