Hello strangers. It
has been awhile since my last posting. I have been on quite the adventure over the
last year at work and at home (all great things, but took my focus). However, I feel like I have my blogging mojo
back and I have time to dedicate.
With that said, I had an amazing experience at Generis’ Supply
Chain Summit in Dallas, TX earlier this week.
The presenters were mostly practitioners with a subtle mix of suppliers.
It was great to hear the up and coming trends, what companies are already
doing, and having the opportunity to meet so many talented people is always a
great motivator.
At the conference, I had the opportunity to present on a lot
of the concepts that I have written about on this blog (video will be available
soon, but if you do not know the concepts, please read the historical posts),
with a particular focus on Sourcing Acceleration and the type of talent we need
in Procurement to meet the consumer centric, individualized Supply Chain needs
of the future. (Note - for some the future is very much now).
In order to meet those needs, we have the perfect
opportunity to get on the digital bandwagon.
95% of respondents in a recent Hackett study said that digitalization will drastically change Procurement in the next 2-3 years. So, do you have a strategy to apply machine
learning to make recommendations for you?
Do you have a pilot for RPA to automate your Sourcing processes? Do you have an RFP scenario optimizer? Have you thought of how to get data on demand
for all decisions that are being made by your Sourcing team? Do you believe that a simple sourcing event
could take seconds and a complex one under 4 weeks? What if you had a potential supplier database
at your fingertips?
Did I just overwhelm you?
Sorry. You want some good
news? Unlike the trends of the past, you
do not need to invest tons of money in this.
I do not even believe you need a slew of consultants to tell you what to
do to make this happen. And, you can
move pretty quickly, as these solutions are fairly simple to implement (get
that ERP implementation out of your head…).
Because I believe in Procurement so much and that we can
make this happen TOGETHER, I would like to share in my upcoming posts about a)
how to develop your digital roadmap and b) a suggestion around how to implement
the changes, while getting engagement from your teams to drive the change.
The concepts that I will share, I have learned through the
several transformations that I have lived through and/or led. Unlike blockchain, 3D printing, machine
learning, these concepts that I will be sharing are not new but can be applied
to this need.
If you are in, please follow the updates in the coming weeks on Saturday mornings and share with a friend. It would be my
wish for all of you to be digital rockstars for your company by the end of the
year.
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