The landscape of Supply Change Management has undergone a seismic change over the last few years, and the pace of change doesn’t look to be letting up any time soon. Keeping apace of the changes in Supply Change Management will be key for successful supply chains in 2017 and beyond. Here are some key considerations for Supply Chain Management in 2017.
The supply chain businesses of the moment that are thriving are those that are proving capable of rolling with the punches of change. Whilst stability, of course, has its distinct benefits to give your supply chain, there also needs to be a willingness to flex and bend according to the changing landscape.
Whilst having an agile approach, it has never been more important to operate your supply chain within an environment of collaboration. Keeping your supply chain risk minimised is dependent on collaboration with your suppliers and partners. As the Institution of Clinical Engineers points out “the real benefits of collaboration are unlocked within the supply chain.” (www.ice.org.uk).
Whilst it can seem easier than ever to detach from each element of your supply chain through the digital world, it has in fact never been more important to make each and every local, on the ground, connection matter. You need to fully understand your market place and only use e-procurement to make informed decisions, whilst also keeping an active presence on the ground. Therefore, if something happens in one area of the world, you can instantly assess its impact on your entire chain, and hopefully be agile enough to respond.
Ethical considerations are continuing to become more and more important and supply chains need to be able to demonstrate ethical and social responsibility throughout the supply chain. Accountability is essential in each link of your supply chain to protect and promote the overall reputation of your supply chain business.
It is essential, as supply chain businesses move in to 2017, that more and more consideration is given to regulatory best practice, not just within your own four walls, but by monitoring your suppliers also. Particular care must be taken to ensure your entire supply chain is operating within guide practice with regards to the Bribery Act 2010 and the Modern Slavery Act 2015.
Logistics has become a key concern area for supply chain managers as technology increases the speed at which chains need to respond. We are likely to continue to see a change if the logistics landscape as stages of the chain can be eliminated, perhaps through a more responsive process between manufacturers and the customer, or using one of multiple small carriers.
Reinvent Your Strategy
A new year is always a good time to re-evaluate where your strategy is taking you. For supply chain managers, this strategy now needs to be developed with an understanding that the customer’s voice is louder than ever before, and needs a more instantaneous response. Successful supply chain management now relies on real-time system integration and secure data exchanges.
A Job in Itself
Supply Chain Management in 2017 cannot be an add-on, but must be taken seriously as an independent entity. Profits, losses, and reputations are made or broken in the supply chain. Therefore, enlist the experts and use the supply chain and logistics consultants at Paul Trudgian Ltd to ensure you thrive in 2017.