Supply chain, sourcing and procurement executives are feeling immense pressure to cope with the expansion into global markets, waves of disruptive innovation, rising customer expectations and complex regulatory requirements. These are catalysts that require supply chain management strategies to become bimodal and to make a shift from tactical to strategic.
In addition to the sourcing of goods and services, cost management and internal stakeholder compliance, executives’ responsibilities will include the ability to promote and support the top line. They have to be a trusted advisor to internal business partners and will have a tremendous impact on the success of an organization engaging with suppliers, managing relationships with strategic vendors and solving business problems.
For 2016, I see leading supply chain organizations making these top-five data-driven supply chain management challenges a priority.
1. Meet Rising Customer Expectations on Supply Chain Management
2. Increase Costs Efficiency in Supply Chain Management
3. Monitor and Manage Supply Chain Compliance & Risk
4. Make Supply Chain Traceability and Sustainability a Priority
5. Remain Agile and Flexible in Volatile Times and Markets
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