Supply chain transformation refers to a strategic and holistic overhaul of a company's supply chain processes, systems, and strategies to achieve specific business objectives.
SCT "Supply Chain Transformation" is multifaceted approach that often includes:
- Process Optimization: Evaluating and reengineering supply chain processes to improve efficiency, reduce costs, and enhance overall performance.
- Technology Integration: Leveraging advanced technologies such as AI, IoT, and data analytics to gain real-time visibility into supply chain operations and make data-driven decisions.
- Collaboration: Encouraging collaboration with suppliers, partners, and stakeholders to create a more agile and responsive supply chain network.
- Customer-Centricity: Aligning supply chain strategies with customer demands and expectations, ensuring timely delivery and high-quality service.
- Sustainability: Incorporating eco-friendly practices to reduce environmental impact and meet sustainability goals.
- Risk Mitigation: Implementing strategies to identify and mitigate supply chain risks, such as disruptions in the global supply chain.
Reflecting on a recent panel discussion about supply chain transformation in USA #ASCM Connect conference that i participated in among other esteemed panellists:
- Everything is changing around us in real time. Customer demand, product availability, manufacturing capabilities, labor and material costs… We need to be able to respond to these changes, not ignore them.
- Supply chain transformation needs to be moving an organization into better alignment with the corporate strategy. Therefore, it is important that a company 1) have a strategy, and 2) ensure that people understand the strategy.
- Companies have multiple supply chains. We need to understand how to align transformation initiatives with all of the steps in all of our supply chains.
- You have to consider change management as part of the transformation journey.
- At the end of a transformation, a company needs to be able to sustain the new solution. Therefore, the transformation needs to address building internal capabilities within the team.
- Training / capability building starts before the transformation journey begins.
- In many ways, it sounds like “supply chain transformation” is becoming an umbrella for process improvement initiatives and methodologies such as Lean, Six Sigma, and Theory of Constraints. Notes courtesy to Mr.
Daniel Stanton
Overall, supply chain transformation aims to create a more resilient, adaptable, and competitive supply chain that can respond effectively to changing market conditions and customer needs. It's an ongoing process driven by the need for continuous improvement and innovation in the supply chain domain.
The
Association for Supply Chain Management (ASCM)
has recently released the #CTSC Certification "Certified In Transformation For Supply Chain" which i had the pleasure Co-Authoring it.
It covers frameworks, strategies, processes, tools and technologies applied to managing an end-to-end supply chain transformation and leverages components of globally recognized industry standards, including the ASCM SCOR Digital Standard (DS), Enterprise Standards for Sustainability and the Digital Capabilities Model (DCM) to:
- Identify risks and opportunities, and select the appropriate philosophies, frameworks, models, and approaches to effect transformation
- Apply systems thinking to develop, analyse, verify, and validate concept alternatives for transformation
- Manage skills, roles, responsibilities, and infrastructure needed for successful supply chain transformation
- Identify tools and technologies to enable effective supply chain transformation
- Identify and implement strategies for reinforcing and replicating improvements.
The CTSC is a game changer for supply chain transformation, get in touch with me for more details as we prepare to launch its classes soon at
MUHAKAT ??????
.
