Supply Chain Transformation in Uncertain Times

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					executive memo                                                                                               Managing Change



Supply Chain Transformation
in Uncertain Times
      he end of a recession might seem like a strange time to        even more significant based on metrics

T     be considering fundamental transformations in how you
      manage your supply chain. But with companies gearing up
for growth ahead, what better time for supply chain organizations
                                                                     like return on invested capital (ROIC)
                                                                     and cash flow. “Supply management
                                                                     can drive improvements in ROIC and
to shift gears, too, and assess whether the supply chain that        cash flow in many specific ways: revenue
brought them into the recession is best for leading them forward     enhancements, cost reductions, working
into the New Year and beyond. After all, as Elliott M. Estes, the    capital improvements and better capital
                                late former president of General     spending,” Rudzki says. “By working on
                                Motors, said almost 35 years ago,    all areas simultaneously, there can be a
                                “When something has been done        powerful compounding effect.”
                                a particular way for five years,        The “transformation roadmap” begins
                                it is a pretty good sign, in these   with an objective assessment of the “as is” state of the company’s
                                changing times, that it is being     supply management and procurement performance against
                                done the wrong way.”                 “best-in-class” organizations not only within the company’s own
                                   That quote popped up during a     industry but across all sectors. That evaluation serves as the basis
                                presentation by Andrew J. Houser     for a gap analysis to identify and quantify opportunities, and
                                and Robert A. Rudzki at the recent   to assess which specific initiatives to pursue first, second and so
                                Southwest Supply Management          on, in a way that builds results over time. “This is part art and
                                Conference, held in Dallas early     part science,” Rudzki says. “Done poorly, it can be the reason
                                in October by the Southwest          for ‘evaporating results.’ Done well, the roadmap will create
                                Forum of the Institute for Supply    sustainable results and momentum, and build organizational
                                Management (www.ismswscf.org).       capabilities that drive superior performance.”
              
				
DOCUMENT INFO
Description: The "transformation roadmap" begins with an objective assessment of the "as is" state of the company's supply management and procurement performance against "best-in-class" organizations not only within the company's own industry but across all sectors.
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