The business landscape is changing rapidly and new technologies are disrupting a host of industries. From manufacturing to the supply chain, digital systems are revolutionizing how age-old processes are executed.
The evolution of linear supply chains into global demand-supply networks has been happening over the last two decades. Companies have benefitted from low cost supply of labor as well as raw materials to bring down the Cost of Goods Sold for the products that they manufacture. This has resulted in bottom-line profits. However, the path has also been significantly challenging in terms of quality issues, increasing labor costs in emerging markets, lack of agility to respond to market events, etc.
I remember receiving some important advice when I was stuck doing the same thing over and over again — I was young and had only a few years of job experience. The gist of the advice was this: “unless you take risks, you’ll never know what you can accomplish.” The fear of change is something that is present within everyone, and organizations are no different.
Managing change at the individual level is essential to realize benefits across the organization. Companies pick supply chain planning software based on the benefits to the business. But they install the software successfully—and realize the gains—when they convince users of those benefits. It’s the critical “last mile” of any implementation and can be one the hardest miles to overcome.
“Father knows best” goes the old saying. After all, fathers – and mothers – are older, and the corollary then is also wiser. We’ve seen more, done more, and know more. We have our children’s best interests at heart, and the decisions we make for them are designed to help them achieve all that is possible.
As I wing my way west for a couple of conferences, I am sitting in seat 2C with a bright pink notebook sitting on my lap.
Demand-driven value networks grow from, and are a more refined state, of supply chains. Orchestrating demand at the mature stage of the demand-driven transformation, allows companies to better balance growth and efficiency, cost and customer service, and demand fluctuations. When demand-driven maturity is achieved, not only is there better balance, but greater agility.