Supply Chains to Admire results for Household Products for the Period of 2009-2015. Each year, Supply Chain Insights analyzes companies by peer group to understand which companies are driving the highest levels of performance while also driving improvement. The winner for two consecutive years is Clorox.
Forward-looking decision making in a business environment has always been about making rapid trade-offs in a highly constrained environment based on the available data in an organization.
In this blog we explore how it will evolve in the future as well as 3 key technology enablers that needs to be adopted.
To understand the decision making process, let’s first define a few key terms:
One of the biggest crossroads that I faced a few years ago was whether to shift careers to the finance sector or not. I did my Bachelors in Mechanical Engineering and Masters in Manufacturing Systems (as explained in my previous blog). I then joined a software firm that specialized in Supply Chain, and my career has since then been in supply chain and related areas. Several of my class mates moved on from supply chain to do an MBA at some top-ranked school and then relocated to New York or San Francisco to be in the financial services sector (investment banking, hedge funds etc).
I believe that a career in supply chain is most fulfilling and I believe that those of us who are in this field are extremely lucky. What I however concluded is that, if I had known what I know today 10 years back, I would have much better success in my career. My goal here is to share these lessons learned with aspiring graduates and professionals to hopefully help in their profession.
I was having breakfast with a consultant in London on Tuesday, and I was sharing that my recent research was difficult for many technology leaders to support. I lamented that it was difficult to challenge the status quo. His response resonated with me and I thought about it for several days. He said, "Lora, we need people to kick the ant hills." I smiled. On reflection, I think that my biggest mistake in my career is that I have not kicked more ant hills and helped companies look at the supply chain more holistically.
The words "supply chain excellence" roll from the lips of most supply chain professionals discussing supply chain strategy. But what does it mean? And how will it be measured. The answers to these questions are less clear.