Tag Archive: Intelligent Audit

What’s Important in Technology?

April 18th, 2017
business intelligence

Technology is an integral part of managing your business and supply chain. Are you leveraging technology to improve your business performance?

It is quite telling that every executive panelist on the “Professional Pathways in Supply Chain” panel at the Drucker Supply Chain Forum (Walt Disney Company, Source Intelligence, Intelligent Audit and LMA Consulting Group) had a significant focus on technology. Supply chain and technology go hand-in-hand. Thus, what should we be thinking about when it comes to technology?

 

Although many technology topics arose, let’s focus in on three of the ones that pop to mind first:

 

1. Business intelligence – Every panelist agreed on the importance of business intelligence. In essence, how do you leverage data to see trends, make decisions, etc.? For example, Intelligent Audit is almost exclusively focused on capturing and using freight data. Transportation can be vital to service, cost and much more. Source Intelligence connects you to your supply chain — they offer a data collection and compliance solution. Certainly, this is all about business intelligence as well. Lastly, similarly, every one of my ERP selection clients has business intelligence as a top priority. Do you?


2. Cyber security – Not surprisingly, every panelist concurred on the critical nature of cyber security. You don’t even have to attend a special event to figure this out. If you read the news, you should be sufficiently concerned about security. 


3. Strategic use of data – Somewhat closely aligned with business intelligence yet broader in concept, the strategic use of data is becoming a hot topic. Imagine how much data the Walt Disney Company has in its archives and what you can do with such a goldmine. This topic is especially related to supply chain if you think about the data connecting your supply chain. Again, since Source Intelligence helps you connect to your supply chain, they are in the business of the strategic use of data. Are you considering how you can capture supply chain data and better leverage it to elevate your business performance? 

Did you like this article? Continue reading on how to become a Systems Pragmatist:

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Drucker Supply Chain Forum Executives Share What They Look for in Supply Chain Professionals

April 11th, 2017

What are executives looking for in supply chain professionals? That was the topic of the panel I participated in at the Drucker Supply Chain Forum with executives from the Walt Disney Company, Source Intelligence, Intelligent Audit and CSCMP. So, what is the consensus?

1. Broad knowledge– Supply chains are global and more complex in today’s world. Thus, a broad and diverse set of skills is required to be successful in the field. If you have the opportunity to try a new area you wouldn’t have requested, give it a shot. You might just enjoy it. Worst case, you’ll have built skills that will come in handy as you move forward in the supply chain profession.

2. Technology– There is no doubt about it. Supply chain and technology skills must go hand-in-hand. If you aren’t keeping up with what’s needed to be effective in the current environment while also looking ahead, you’ll be left in the dust. Artificial intelligence is gaining momentum. Cloud computing is the norm. Collaborating across your supply chain is becoming commonplace. Are you on top of these topics?

3. Communication & presentation skills– Unfortunately, no matter how smart your solutions and ideas, none will proceed if you cannot present them effectively. And, that is just one aspect. Consider how to collaborate across your supply chain without these skills. Not feasible.

4. Risk– Your supply chain cannot be effective without thinking about the impact of risk. There are countless types of risk around us – cyber, natural disasters, financial, political etc. Have you at least considered the most impactful and likely risks?

5. Sustainability – This topic continues to gain steam and popularity. Are you thinking about how to turn sustainability into a win-win-win?   

 

Did you like this article? Continue reading on how to be the Strongest Link in your organization:

What Supply Chains and Liberal Arts Have in Common

Sustainability – Who Knew That It’s Common Sense?