Power up Supply Chain Planning Performance
At the beginning of the century, consumer products companies were unquestionable supply chain thought leaders. Consolidation and massive restructuring, however, resulted in industry-wide declines in growth, operating margin, inventory, and customer service.
In this webcast we explore five main factors and provide key steps for improvement:
- Alignment. Organizational alignment issues grew – and continue to do so. The gaps between operational and commercial teams are a barrier to improving performance.
- Talent. The talent gap in consumer products companies widened with greater dissatisfaction among supply chain planners.
- Complexity. Complexity increased, but few managed to eliminate bad complexity and build efficient, effective processes to manage a more complex product flow.
- A decline in Innovation. Technology innovation declined. The industry went from 21% to 4% innovators. The focus on IT standardization drove a decline in process innovation.
- Lack of Governance. As organizations grew, few companies built well-defined governance models to guide decision-making.
Lora Cecere, Founder of Supply Chain Insights, and Camille Walker from Wolters Kluwer CCH Tagetik Supply Chain Planning explore specific actions to take to power up supply chain performance.