Periods of disruption and volatile uncertainty present opportunities for supply chains to make bold decisions that position them for the new reality. However, most supply chain organizations respond to this uncertainty with small, short-term bets. Three key barriers prevent supply chain decision makers from taking bold steps:
- Inability to come up with ideas for bold decisions
- The confidence to make decisions
- The ability to execute decisions
To overcome these three barriers, CSCOs must help their decision makers come up with bold decisions by expanding the source of ideas and build decision-maker confidence by increasing supply chain risk tolerance. Finally, they must prepare the organization to execute on these transformative decisions by protecting budgets for long-term initiatives.
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