Change is nothing new to supply chains. Doing things better, faster and cheaper are the hallmarks of operational excellence. What is new about continuous change is that the big contextual changes are more frequent and impactful to competitive position. To lead, supply chains must focus on sensing critical context shifts first and create a supply chain design built to change faster than competitors.
To identify the most critical strategic shifts quickly and translate them into insights about creating value and competitive advantage for their businesses, chief supply chain officers (CSCOs) should:
- Make strategic planning continual and adaptive
- Translate customer knowledge into insights and advantage
- Collaborate with commercial to focus designs for advantage
Explore these actions in the latest Executive Report excerpt.