Dwight Klappichresearch vice president at Gartner. Companies will need to fully report supply chain externalities. Doing so statistically represents some of the relationships in Figure 1, while also examining how external forces relate to supply missions.
We discussed the trends in person with each of the executives in our validation group. Instead, supply professionals increasingly recognize the importance of centralized key spend category management and data analytics.
We contend that supply chain artificial intelligence will need to be embedded in more effectively automating mainstream supply chain activities. Take this one step further, and the new study reveals the evolving role of supply professionals in the future. We believe that the proactive supply professional of tomorrow will be an integrator who balances the needs of different organizations in supply chains as well as different functions within their organization.
Assess the capabilities, practical applications and value-add blockchain can deliver to the supply chain before plunging ahead.
Another 20 percent had a life span of three to four years, with the remaining 10 percent exceeding five years. Examining the externality ranking, most of the executives agreed that it was highly relevant and many already had programs in place.
Prominent among these is the changing global economic demographics.
Values range from -1 to 1, where 1 means managers would rate both items similarly i. The 10 trends identified are listed in Exhibit 1 and discussed in turn below.
I always encourage clients to think of their business in terms of the individual consumer or groups of consumers as opposed to a broad brush view of categories. Such influences are similar to supply missions in Table 6. The customer or consumer will begin to demand the transparency into these impacts much as these have now on the labeling of food and beverage products.
Surprisingly, Trends 2 and 3—disclosing SCM externalities and designing supply chains and products for base of pyramid—were ranked as having only low to medium relevance. Planners go through the same calculation steps every time they start; procurement folks repeat approximately 35 percent to 40 percent of the activities they did in the past.
Specific supply strategies are influenced by forces of change, business strategies and supply missions. As an example, you could see a U. The importance of supply disruptions has been de-escalated.
The intent was to capture empirical data around the relevance and ability to execute against each of the trends for their particular company and industry. In my list of the top trends, I have incorporated a number of these intersection points.
Stalled artificial intelligence AI initiatives Bythree out of five factory-level AI initiatives in large global companies will stall due to inadequate skill sets. Virtual agents will also be more empathetic, understanding, and able to manage high-volume complex interactions without human referral.First, Algorithmic Supply Chain Planning will is set to change the future of Supply Chain Management practices.
Mathematical algorithms are used to automate supply chain planning processes and accelerate the decision-making process. As the supply chain process is constantly evolving, now is a good time to check out the trends in supply chain and logistics that will shape the future.
Building the supply chain of the future By Yogesh Malik, Alex Niemeyer, and Brian Ruwadi. Building the supply chain of the future. Article Actions. Share this article on LinkedIn; With better visibility into supply chain operations, companies can achieve bigger efficiency gains.
Dec 15, · Sustainability leader becomes resource Czar: Sustainability in supply chain has been around for a while, but precision in operations, coupled with machine learning on optimal resource consumption.
However, this research and most articles I have read on the topic have focused on supply chain operations and not on the points of “intersection”—that is, the related activities that are outside of the supply chain’s direct control such as R&D, information technology, and post-sales service.
The Future of Supply Chain Management Predicting the future of supply chain management is a fool’s game, but new findings from CAPS Research gives a glimpse into how supply managers are preparing for tomorrow.Download