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Supply Chain Automation And Property Groups - Stakes Are High

The Information Disconnect

Since the late 1990s, there has been a disconnect between the value of information in the corporate world and its actual use. Executives and managers have long known that data is a valuable commodity, but they have not been able to put that knowledge into practice.

This is because modern business networks are not set up to take full advantage of information. The network infrastructure is not able to handle the volume or variety of data that is produced by businesses today.

In addition, most companies are still using legacy systems that were designed for earlier generations of technology. As a result, most businesses are unable to fully exploit the value of information.

This disconnect is particularly apparent in the area of supply chain automation. Many companies have invested in sophisticated software and hardware systems to automate their supply chains, but these systems are not connected to the rest of the business network.

In today's business world, it is more important than ever to have a well-run and efficient supply chain. However, despite the importance of this function, many companies still struggle with connecting all the necessary dots within their supply chains.

The main reason for this disconnect is the lack of adequate communication between different departments and/or locations.

For example, a company might have excellent customer service representatives who are able to gather valuable information from customers, but those representatives may not be able to relay that information to the appropriate people in the company who can actually do something about it.

As a result, valuable time is wasted as decisions are made based on incomplete or inaccurate data.

This problem can be compounded when different parts of a company's supply chain are located in different parts of the country or even the world.

The future of the network is shrouded in uncertainty. The amount of data being created and shared is increasing at an unprecedented rate, while the network's physical infrastructure has not kept pace.

This information disconnect is creating a bottleneck that is impeding the flow of innovation and hampering economic growth.

But there is hope. A growing number of companies are recognizing the importance of a robust and efficient network and are investing in its development. This will help to ensure that the network remains a key enabler of supply chains and a driver of economic growth.

ABOUT THE PRINCIPAL AUTHOR

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Today, Vivek and his partners are among 20-30 people on the planet earth who have this deep understanding of supply chain systems, practices and tools. CEOs, COOs, executives and Boards call them in most challenging situations once they know the full potential of supply chain based transformations. Following are key milestones in Vivek's journey:

  • Started in 1983 as a merchant navy cadet at 18 years age, worked his way to qualify as a Captain – qualified to take command of any merchant ship, worldwide.
  • Earned a top tier MBA from UNSW at the top of his class.
  • Joined highly regarded strategy consulting firm Booz Allen & Hamilton, consulting to the CEOs, Boards and senior management of global corporations within Australia.
  • To learn and specialise in supply chain – against all odds, sought out the co-inventor of supply chain in Germany and convinced him to be a partner in his firm, GLOBAL SUPPLY CHAIN GROUP, launched in January 2000.
  • More than 500 successful blue chip projects with high impact business transformations in large corporations using the full power of SUPPLY CHAIN MANAGEMENT.
  • 4 Seminal and path breaking business books IN SUPPLY CHAIN MANAGEMENT – these are available in bookstores and universities and libraries worldwide.

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THE 5-STAR BUSINESS NETWORK

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If you are deeply passionate about the world of business and supply chain networks as I am, and enjoy digging answers to critical questions that will help build and steer your business with wisdom, then join me. This book is a journey of exploration through the world of business networks that run along the veins of today’s commercial world.

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OUTPERFORM OUTSOURCE OUTPROFIT

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The trend of outsourcing continues to grow unabated with the whole gamut of services, from simple to mission-critical tasks. There is not a single company on earth that does not outsource anything. It is not just about cost arbitrage, it is also a finer expression of division of labour at the organisational level. Like all leverage, outsourcing is a double-edged sword too. On one hand, it allows you to do more, faster. On the other hand, if it goes bad, it can easily kill your business. If you do not believe that is possible – you can google the Fox Meyer saga from the 90s and see for yourself.

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UNCHAIN YOUR CORPORATION

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Businesses Are Chained By Unseen Chains. If You Are Looking For Ways To “Unchain Your Corporation” A Successful Business Transformation Is Required.

Successful Business Transformations Are Difficult, Yet Rewarding.

Business Transformation Is Fast Becoming A Question Of Survival In The Modern Globalised Era.

Modern Supply Chains Integrate Businesses And Economies Faster By Systematic Information Sharing From Internal And External Sources.

Companies Can Multiply Profits By Progressively Ramping Up Cohesion And Collaboration Of All Moving Parts In B2B Network To Achieve Tighter Integration.

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GREEN SUPPLY CHAIN – AN ACTION MANIFESTO

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It is generally accepted that environmental consciousness is now changing to environmental proactiveness as organizations are discovering that it makes good commercial sense.

Boards are asking the management to review their policies related to environmental norms, not only to bolster their corporate social responsibility aims, but also because consumers are asking for greener supply chains

It is also widely agreed that consumers will increasingly prefer to buy more and even pay more for products or services provided in an environmentally sound manner.

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