Supply Chain Management encompasses the planning and management of all activities in sourcing and procurement, conversion, and all logistics management activities. Importantly, it also includes coordination and collaboration with the channel partners, which can be suppliers, intermediaries, third-party service providers, and end customers. In essence, the supply chain integrates Supply and Demand management within and across the company.
Supply Chain and Logistics are 2 important buzzwords of 2020. Looking to current dynamic market situation and changing customer demands trends like Artificial Intelligence, Real-Time Visibility throughout supply chain, Supply Chain Digital Twin, 3PL Collaboration and Green Logistics will decide the future.
In difficult time of COVID19, businesses are undergoing real VUCA world where future is not certain. In this tough time, Communication is a key criteria for managing Supply Chain Crisis.
Covid-19 too shall pass! Now time is how to prepare for aftermath especially for Supply Chain Professionals as they are the one who will be on front line to start and ramp up operations!!!
VUCA demands initiative and innovation from Supply Chain to tackle the situation and meet dynamic consumer demands. Its a wake-up call for Supply Chain people to move from conventional approach to dynamic approach.
The conventional Leadership has been age old saying now a days and same is for MBO and OKR. Current world is VUCA and it need Vision, Understanding, Courage and Adaptability to lead in this highly volatile, uncertain, complex and ambiguous world.
In a highly competitive global world where economies are growing and in the race of being top economies. However, all such races are based on industrialization and capitalism which is mainly fueled by fossil fuels. Such high usage of fossil fuels leads to environmental pollution and Climate change. A leadership must look into efficient utilization of resources and take environment friendly steps to avoid climate change.