Today, in a time of declined market growth caused by macroeconomic downturn in China, enterprises are shifting their focus onto improvement and optimisation of the supply-side.This new trend will raise the requirement for Supply Chain Planning efficacy even further. Dr. Bo Zhou, founder and CEO of FuturMaster discusses current industry challenges and what drove FuturMaster to enter the China Market.
What are the major supply chain developments this year?
New technologies keep changing consumer’s demand and requirements at the time of purchase. Today, the amount of available real-time data is greater than ever. As a result, supply chain is directly impacted and must continually adapt to the ongoing changes. However, if anything, this year has proved to us that the digital transformation of the supply chain is advancing.
According to the recent study by Capgemini Consulting, 70% of company executives have already started implementing a digital transformation of their supply chain. However only 5% confirmed to be satisfied with the results. Most identified: cloud, data analytics tools, IoT, machine learning, 3D printing among key technologies used to achieve positive changes. But let’s have a closer look…
By Stéphanie Duvault-Alexandre, Senior Presales Consultant
Once upon a time some gurus began to point all of us in the right direction, i.e. collaboration.
Indeed, individualism and lone-wolf attitudes were, and have been since, considered as non-productive practices that only created an obstacle to the process of achieving company’s goals.
For years people have tried to set up collaborative processes within their business. They started by highlighting collaboration benefits within their own department, then proceeded to spread the message to the other services and the company as a whole.
Before going further, it would be good to remind ourselves what does the word “collaboration” mean?
To collaborate (co-labour) means to work together and act as a team, in order to achieve shared objectives. All the stakeholders are invited to share their knowledge and skills, to contribute to produce or achieve something together. What a great idea!
It seems so simple, so why are companies still struggling to put it in place? Why do we hear so often that people are working on their own with no support from other services and departments?
It is actually quite straight forward…
By Michel Ramis, VP Sales and Marketing
Over the last few years, globalisation and digitalisation have encouraged global companies to redesign their strategy and to look for new ways to make a difference in order to remain competitive among their market and to improve their productivity at the same time. What if the answer to this challenge was obvious but the executives forgot to think about it?
In every multinational company, a function is too often under evaluated, even though, thanks to this function, executives would be able to better control their profitability objectives. This crucial function, which can create additional value for the company, is the Supply Chain.
According to a recently published study from Capgemini Consulting , 75% of operational executives consider that Supply Chain (and its digital transformation) is a major issue for the company. The Supply Chain is a core activity that integrates all the product flows and the information regarding logistical processes: from raw material purchase to final products delivery. Nowadays this function only occupies an unnoticed position in companies, comparable to an ancient art that only a few chosen seem to be able to master: the Supply Chain managers. Yet, the ‘Supply’ function must be rethought and considered as a determinant factor of the productivity and savings race for companies. Companies can no longer consider Supply Chain only as a support function but rather as an executive function.