Expanding markets and outsourcing, among many other factors, have made it so that new takes on old strategies are necessary to survive the jump into this next generation of supply chains. Beth Goodbaum writes an article relating the advice of Kim Doyle, a senior manager at Plante Moran, on the new ideas that are emerging. Doyle breaks down her advice into four key steps:
- Improve supply chain visibility
- Become a more agile, flexible supply chain
- Focus on risk management
- Get the right talent
Only 9 percent of supply chain respondents in a survey from 2012 claimed they could assess impact of unplanned disruptions within a period of hours, and more than half claimed it would require over a week. More visibility is required to stay competitive. Becoming more agile will go a long way toward achieving this. One thing Doyle says that you do not hear discussed enough though is the need to find good, current talent, who have a mind for global business and can see operations from end to end. And of course, they need to be able to adapt quickly to changes.