Thibault Pucken’s Post

What supply chain priorities for cost savings? - #FoodForThought for the weekend According to a recent study conducted by the Boston Consulting Group, the majority—65%—of executives are placing significant emphasis on reducing #supplychain and #manufacturing expenses as the primary areas for cost-cutting within their organizations. Factors such as persistent uncertainties, the imperative to restructure operations for future resilience, and the emergence of disruptive technologies like #GenAI are compelling leaders to prioritize effective cost management strategies. Delve deeper into these insights in the article: https://bit.ly/43Zet4I

Resilient companies can tackle increasing complexity and adapt to rapid demand shifts by incorporating prescriptive analytics into their supply chain planning. This article by McKinsey & Company talks about a more resilient supply chain from optimized operations planning and much more. Read the full article by clicking on the link below. https://lnkd.in/ggDgCmRa #supplychainmanagement #riskmanagement #procurement #sustainability #automation

What steps can #supplychain leaders take to change the perceptions of the C-Suite? Our research discovered a disconnect between industry leaders and the C-Suite on the role of supply chains, this article in Supply Chain Digital outlines several key steps to take.

What steps can #supplychain leaders take to change the perceptions of the C-Suite? Our research discovered a disconnect between industry leaders and the C-Suite on the role of supply chains, this article in Supply Chain Digital outlines several key steps to take.

What steps can #supplychain leaders take to change the perceptions of the C-Suite? Our research discovered a disconnect between industry leaders and the C-Suite on the role of supply chains, this article in Supply Chain Digital outlines several key steps to take.

What Stops You from Transforming Your Supply Chain? Many companies recognize the need to adapt and transform their supply chains but often face significant challenges in execution. The primary obstacles include a lack of a clear business strategy, insufficient budget, conflicting priorities, and bureaucratic hurdles. These findings come from the E2E Ecosystem Transformation Survey conducted by EFESO Management Consultants and Supply Chain Media BV. During a recent Webinar Wednesday, my colleague Kristof De Coster and I shared valuable insights from the survey, emphasizing that now is the time to reassess and adapt your supply chain operating model with the right priorities.   Read here the full article with a summary of the webinar: https://lnkd.in/eYYxkZzw   EFESO Management Consultants ROI≡EFESO Kristof De Coster Dr. Jörn Große-Wilde Supply Chain Media BV Martijn Lofvers #supplychain #transformation

In an era of growing volatility, the time is now for a shift in how organizations view their supply chains. Our research found many C-Suite leaders are underestimating how their #supplychain can be a growth engine. Read more of our findings in Supply Chain Digital:

🌐 Procurement and Supply Chain: Strategic Drivers of Competitive Advantage In today’s volatile and interconnected business landscape, the intersection of procurement and supply chain management has evolved from operational necessity to strategic imperative. 📊 Procurement is no longer just about cost savings—it’s about building value through supplier relationships, risk mitigation, and innovation. 🚛 Supply Chain Management is the linchpin that transforms strategic sourcing decisions into tangible outcomes, delivering efficiency, resilience, and customer satisfaction. The modern C-suite challenge: How do we ensure these two critical functions operate not as silos but as integrated enablers of business success? ✅ Key focus areas for leaders: 1️⃣ Resilience through collaboration: Align procurement and supply chain teams to respond proactively to disruptions and drive organizational agility. 2️⃣ Data-Driven Decisions: Leverage advanced analytics, AI, and real-time data to enhance procurement strategies and supply chain visibility. 3️⃣ Sustainability as Strategy: Embed ESG principles across sourcing and logistics to future-proof operations and meet stakeholder expectations. 📈 Case in point: Consider a global organization navigating supply disruptions. Through aligned procurement and supply chain strategies, they diversified suppliers, implemented predictive analytics, and streamlined their logistics network. The result? Enhanced resilience, reduced lead times, and long-term cost savings. What’s at stake? Organizations that view procurement and supply chain management as strategic levers rather than cost centers are better positioned to thrive in an era of uncertainty. 💬 Leadership Insights: How is your organization transforming procurement and supply chain functions into drivers of competitive advantage? Let’s discuss strategies, innovations, and best practices.

After the pandemic, executive teams are increasingly reverting back to outdated views of the supply chain as a cost center rather than a growth engine. Also befuddling is the lack of importance placed on cross-functional collaboration between supply chain, customers, and other departments. Supply chains can be transformed into profit centers by using advanced technologies and practices. Artificial Intelligence (AI) and automation can help optimize logistics, improve decision-making, and increase throughput. Lean methodologies, strategic procurement, long-term framework agreements, and proactive buying can help keep costs stable or lessened. Inventory management can also be improved to reduce storage and disposal costs. Logistics-consolidation and reverse methods to maximize efficiency. Also, companies must work to implement effective and renewable business sustainability strategies to improve their performance and increase profits. Mentioned earlier, cross-functional collaboration is essential. This breaks down silos and ushers in progress through increased training and knowledge. The longer companies keep viewing supply chains as cost centers, the faster they will get left behind.

#Procurement leaders have weathered major challenges in recent years, and the value of procurement has been demonstrated and elevated for many organisations. At the same time, the work of procurement has gotten more complex in a more distrusting and volatile world. It is time for procurement to go on the offense: accelerate internal transformation, establish more aggressive impact targets, adopt the latest technology, and modernise operating models.” Hear more from McKinsey & Company's Roman Belotserkovskiy. Get free, instant access to the webinar and gain actionable strategies and insights that can transform your supply chain. https://bit.ly/41p6zyE #EconSupplyChain