Outsourcing 3.0

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Who Hijacked Your Supply Chain?

Hijacked Your Supply Chain

Who Hijacked Your Supply Chain?

Here's What People Are Saying About Supply Chain.

I do not publish too many posts on LinkedIn any more because of ‘Gresham’s Law‘. However, once in a while I still publish content that would be relevant to that platform.

I was delivering the keynote speech at the Quintiq World Tour recently at the Marina Bay Sands in Singapore – where I met over 200 Hijacked Your Supply Chain professionals Hijacked Your Supply Chain.

I start my discussions of this nature with a simple question about the definition of supply chain in your company. It is always interesting to note that no two definitions of supply chain are exactly the same in practice.

Supply Chain and Business Transformation

The boundaries of Hijacked Your Supply Chain within the companies are rarely clear. I have written about this extensively in my books and blogs – Hijacked Your Supply Chain here is one small post for example.

You do not have to be a C-Level genius to see the impact of this confusion on your business.

Even a journalist with relatively shallow understanding of key business underpinnings can quickly grasp the enormous waste that results from confusion in planning.

What struck me in the event – when I was answering questions as part of the concluding panel – was that a number of supply chains have been Hijacked Your Hijacked Your Supply Chain by institutions for their own purposes.

Sometimes an entire nation, or at least its government can be led to believe that Hijacked Your Supply Chain is merely logistics, or procurement.

In due course, this will show up as a huge disconnect between the government policy and commercial imperatives of the businesses it is trying to attract and keep in this global high-stakes game.

At a micro-level, you may get only the first level results and miss out the four higher level results from Hijacked Your Hijacked Your Supply Chain.

This would be like owning a fruit laden tree and just harvesting the fruit from the lowest rung of the ladder, while leaving all the other fruit in the middle and top to rot on the tree.

Here is a simple graphic to explain what I mean:

Supply Chain management

Source: www.unchainyourcorporation.com

There is a self-benchmarking tool at the source of this graphic – which may help you decide whether your supply chain has also been Hijacked Your Hijacked Your Supply Chain.

If you have doubts about whether you should consider this quick self-benchmarking tool, consider the slide below (from my presentation at the event) shows the contrast between the two extremes of SCM clearly:

Useful Tips From Experts In Supply Chain.

Do not forget – who defines your supply chain will also define your business. Might as well be you.

In today's global economy, a company's supply chain is more important than ever. But what happens when that chain is Hijacked Your Supply Chain?

In today's global economy, a company's supply chain is more important than ever. But what happens when that chain is Hijacked Your Supply Chain?

This is what happened to fashion retailer Target in 2013. Hackers infiltrated the company's computer systems and stole information about millions of customers, including their credit card numbers. As a

result, Target had to spend millions of dollars repairing the damage and compensating customers for their losses.

Hijacking a supply chain can have disastrous consequences for a company. It can lead to lost sales, damaged reputation, and even bankruptcy. So how can companies protect themselves against this threat?

The first step is to implement strong security measures to protect your computer systems from hackers. You should also have a plan in place for responding to a security breach.Do not forget – who defines your supply chain will also define your business. Might as well be you.

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THE HIGHEST FORM OF OUTSOURCING

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About the Principal Author of Outsourcing 3.0 - Vivek Sood

Vivek Sood - Author Outsourcing 3.0

Today, Vivek and his partners are among 20-30 people on Earth who have this deep understanding of supply chain systems, practices and tools. CEOs, COOs, executives and Boards call them in the most challenging situations once they know the full potential of supply chain based transformations. Following are key milestones in Vivek’s journey:Started in 1983 as a merchant navy cadet at 18 years age, and worked his way to qualify as a Captain – qualified to take command of any merchant ship, worldwide.

  • Earned a top tier MBA from UNSW at the top of his class.
  • Joined highly regarded strategy consulting firm Booz Allen & Hamilton, consulting to the CEOs, Boards and senior management of global corporations within Australia.
  • To learn and specialise in the supply chain – against all odds, sought out the co-inventor of the supply chain in Germany and convinced him to be a partner in his firm, GLOBAL SUPPLY CHAIN GROUP, launched in January 2000.
  • More than 500 successful blue-chip projects with high impact business transformations in large corporations using the full power of SUPPLY CHAIN MANAGEMENT.
  • 4 Seminal and path-breaking business books IN SUPPLY CHAIN MANAGEMENT – these are available in bookstores and universities, and libraries worldwide.

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