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I recently hosted a panel discussion with Elizabeth Zucker, Senior Director, Procurement Advisory North America at The Hackett Group, and Martin Adamek, Senior Manager, Procurement at TE Connectivity. I kicked off proceedings by pointing to the Hackett Agenda, finding that there is an 8.8% productivity gap in procurement and an 8.9%
The Ferrari Consulting and Research Group through its affiliated Supply Chain Matters blog provides perspectives and self-rating observations regarding our January 2024 published Research Advisory- 2024 Predictions for Industry Global Supply Chains.
However, the Material Handling & Logistics staff explains, “Best-in-class supply chain organizations understand the value of investing in talentmanagement and professional development. Often technology and process updates receive more attention than people.
The Ferrari Consulting and Research Group through its affiliated Supply Chain Matters blog provides summary themes of our soon to published 2025 annual predictions for industry and global supply chains. Themes and Perspectives We begin with a look back perspective toward our outlined themes during the prior two years.
When the Covid-19 pandemic erupted in late 2019 and early 2020, few, if any, riskmanagers had prioritized widespread illnesses (i.e., Riskmanagement has always been challenging. Risks can emerge anywhere in the supply chain and the potential causes of those risks are as myriad as sands on a beach.
Time to Rethink Supply Chain RiskManagement. Put differently, companies need to embed supply chain riskmanagement within their corporate DNA. The goal is to incorporate risk in the decision-making process at all levels of the supply chain, just like cost is today. Talent Becoming a Competitive Differentiator.
When it comes to talentmanagement, it is a “single threaded needle.” While I am supported by an experienced and talented supply chain human resource team, managingtalent is a large part of what I do. We have significant opportunity to strengthen inventory management. It takes time.
One of the most interesting panels from the Boston Procurement Leaders conference was focused on TalentManagement. We heard from a number of speakers on the subject of how the need for talent is shifting dramatically in the years ahead. A great question indeed….
As the CFO, Jon is responsible for financial operations and riskmanagement. In the Chief People Officer role, Joseph will set strategy and manage execution for such key elements as recruiting, onboarding, professional development, and talentmanagement.
TalentManagement as the Core of a Supply Chain Strategy. Toby walked through specific examples of how companies are using this technology for Product Flowpath Analysis, Cost-to-Serve Optimization, Safety Stock Optimization, Tax/Duties Optimization, and RiskManagement (among other examples).
This list is led by sustainability and riskmanagement instead. The largest discrepancies can be found for: (1) the “people dimension” of SCM, (2) ethical issues, (3) internal integration, (4) transparency/visibility, and (5) human capital/talentmanagement.
This list is led by sustainability and riskmanagement instead. The largest discrepancies can be found for: (1) the “people dimension” of SCM, (2) ethical issues, (3) internal integration, (4) transparency/visibility, and (5) human capital/talentmanagement.
The global branded apparel company, VF Corporation, embraces the complexity created by customer demand for unique styles as a competitive differentiator and focuses on talentmanagement initiatives to leverage that complexity and managerisk in its supply chain.
As a buffer between companies and their customers, supply chains play a key role in helping enterprises to manage the volatility that has become the “new normal” in the business world. - Riskmanagement. As company operations span more countries they become exposed to a wider range of risks.
Therefore, there are three key success criteria: scalable digital innovation, sustainability initiatives, and talentmanagement. As a result, some leading 3PL companies are differentiating themselves with talentmanagement and flexible working hours and week.
And they will also be accomplished riskmanagers given the growing number of threats that companies face. This mix of skills is in short supply, and although there are a number of industry initiatives to build a more effective talent pipeline, individuals who fit the profile will be in high demand for years to come.
But organizations also need to work on investing in a talentmanagement strategy, beginning by partnering with targeted universities to help shape and develop the people that they need to fulfill these roles. And schools like NC State University are producing them, because we are listening to our partners.
0.30. § Category strategies using standardize process/approaches. § Supplier operational riskmanagement process is implemented and used. § Category/commodity strategies/plans are documented and updated annually and shared with stakeholders. § Stakeholders/supply chain council actively engaged in Category strategy development.
Social The Impact Report highlights JAGGAER’s achievements in community engagement and talentmanagement. JAGGAER is currently defining the responsible use of AI in alignment with the NIST AI RiskManagement Framework, part of NIST’s Trustworthy & Responsible Artificial Intelligence program.
New insights are needed into risk mitigation practices that go beyond simply “avoiding” risky production locations when a decision is required, but instead drive better business decisions and improved community impacts for sustainable supply.
The Ferrari Consulting and Research Group through its affiliate the Supply Chain Matters blog provides an overview of our 2024 annual prediction themes for industry and global supply chains.
Supplier RiskManagement Assessment Previous SCRC project proposed several riskmanagement best practices for managing supplier risk. This project will take learning from previous team and execute risk assessment of current major suppliers.
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