The Future of Supply Chains

What Is the Future for Supply Chains?

Supply chains are constantly evolving; technology along with diversification of staff skill set is playing a key part in this development. Organisations are becoming increasingly aware of the changes in their market competition and the need to constantly develop or even re-invent their market offering in order to both preserve and develop their own market positioning.

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We have seen the emergence of many large organisations in the last few decades, who have shocked certain sectors or completely re-developed the way in which sectors operate. Organisations which fail to recognise the need to develop their supply chains can have devastating effects, as they lose market share or drop out of the market altogether.

Many organisations are already looking to technology in order to evolve their existing supply chain operations; however existing processes must first be reviewed in order to strip waste activities out of the existing supply chain and data must be cleansed, before new systems are implemented and staff are upskilled to adapt to new ways of working.

Silo systems that simply push the existing supply chain issues further downstream or don’t meet business wider needs are becoming unfavourable, organisations need to look at operating their supply chains on a holistic level, whilst organisations that are horizon scanning for the latest plausible applications and solutions are staying ahead of the curve and increasing their product or service offerings.

It is critical that supply chains are constantly reviewed for efficiencies and align to the corporate strategy in order to deliver against consumer demands, at present many organisations are reviewing the length of their supply chains with a view to reduce the overall tier/length and bring supply chains closer into the organisation or the end consumer, in order to mitigate risk exposure, remove wastes to drive increased value whilst reducing the exposure to global shocks.

CIPS has some resources to support procurement and supply chain specialists who are reviewing their supply chain strategy and with that their people, process and systems as a means to evolve their supply chain:

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What Is Future of Supply Chain Management?

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What is future of supply chain management?

Future Supply Chains will be different for each organisation, however having a constant awareness to add value and reduce waste will serve an organisation well when reviewing their operational activities. 

Supply chains of the future can be characterised by the three major traits:

  1. Strategic – Evolving a strategy in a changing landscape.
  2. Dynamic – Responding to technological changes.
  3. Customer-Driven - Adapting to changing customer needs.

To find out more about this subject read the full knowledge papers:

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For addition reading on this topic visit Supply Chain Management

Knowledge Topics:

Supply Chain Mgmt. Tools

Supply Chain Mgmt. Tools

See how global supply chains give procurement the opportunity to take advantage of the strengths and innovation of other countries

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Global Supply Chains

Global Supply Chains

Global supply chains are networks that can span across multiple continents and countries for the purpose of sourcing and supplying goods and services

Find out more
What is a Supply Chain

What is a Supply Chain

In its simplest form a supply chain is the activities required by the organisation to deliver goods or services to the consumer

Find out more
Networked Supply Chains

Networked Supply Chains

Coming soon

Find out more
Managing the Supply Chain

Managing the Supply Chain

You can work in various areas of the supply chain, but the main goal when managing a supply chain is adding value

Find out more
Strategic SC Management

Strategic SC Management

When we discuss supply chain strategy we are discussing ‘value’ that can be derived from our supply chain

Find out more
Demand Driven Supply Chain

Demand Driven Supply Chain

A demand driven supply chain focuses on the demand from the consumer data and feeds this data through to the supply base so driving greater efficiency

Find out more
Technology in Supply Chain

Technology in Supply Chain

“The Future of Procurement and Supply Management” paper offers a reflection of what the profession may look like fifteen years from now

Find out more
Supply Chain Network Design

Supply Chain Network Design

SCND covers all movements and storage of raw materials, work-in-process inventory and finished goods from the point-of-origin to point-of-consumption

Find out more
Agile Supply

Agile Supply

See how organisations which are ‘agile’ react as quickly as is practicable to provide a cost effective response to customer demand

find out more
Lean Manufacturing

Lean Manufacturing

Organisations which are ‘agile’ react as quickly as is practicable to provide a cost effective response to customer demand

Find out more
Models

Models

Collaborative procurement is a method by which companies can engage with each other to enhance the effectiveness (SC/Sourcing/Procurement/Cost)

Find out more
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