Late last month, Robert Pirsig died. For those who haven't heard of him, he wrote the classic philosophical novel whose title I have bastardized for this column: Zen and the Art of Motorcycle Maintenance. I first read it in the early 1980s while searching for a purpose in life. Its lasting message for me was all about the pursuit of quality.
Data and analytics have redefined the way we compete. Data is a critical corporate asset that organizations are starting to monetize in new ways to get ahead of their competition. The bottom line? Companies that leverage data to drive the performance of their organization's decisions are winning at a faster rate than their competition.
A conversation with supply-chain executives about the tools, talents and techniques that will be needed to create accurate and responsive demand forecasts in the years ahead.
Eight in 10 supply chain and manufacturing executives believe digital supply chains will predominate in the future while 16 percent believe they already do, according to a survey.
What's at stake when an organization's supply chain lacks transparency? Just about everything, if you ask David Meyer, a senior consultant with BSI EHS Services and Solutions. Companies that don't make an effort to develop value-added transparency and proactive collaboration throughout their supply chains are putting their businesses on the line.
Analyst Insight: Omnichannel is now the cost of entry, although it cannot be the core of your strategy to survive and grow in today's e-commerce environment. This is a defensive strategy. In this digital age you face more competition chipping away at your revenue and profitability. You must take advantage of e-commerce by growing into new retail market segments, experimenting with creating new retailer brands, and making acquisitions to expand into segments where your brand is lacking. - Steve Wilson, digital supply chain analyst, Tompkins International
Analyst Insight: Many countries have struggled to regain the economic prosperity they experienced before the 2008 financial crisis. Stemming from the frustrations of slow economic growth, a wave of populism is spreading across many countries, and perhaps one of the most startling results has been Brexit. Populism does not necessarily mean the end of globalization, but instead changing globalization that is evident as supply chains are adapting to the new environment. - John Haber, CEO, Spend Management