In this webcast, Gary Godfrey, managing director-Accenture’s Global Integrated Planning and Fulfillment Operation group, closely examines the market and economic conditions that have created a permanent state of volatility and why volatility has increased in both frequency and impact.
He introduces the concept of dynamism as it pertains to a supply chain, both in strategy and execution, and explores the enabling characteristics of a dynamic supply chain.
The concept of dynamism is a major shift in mindset for many supply chain executives and practitioners as supply chains have traditionally operated as a fixed/permanent cost type of structure, Godfrey argues. These same individuals see managing volatility as better planning or avoiding risk events all together. But dynamic supply chains mean embracing supply chain risk and volatility by doing three key things:
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Operating as a financial engine with the ability to deliver greater margins and to quickly free up cash for reinvestment.
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Adjusting and responding quickly to events which impact demand or supply through an increased understanding of the complexity of their own supply chain, including the “outliers” that can represent complete destruction.
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Operating in a way that is unique to their organization, their strategy and their way of working rather than following the latest trends or leading practices that other organizations have developed.
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