SCInnovationSummit

Organizations’ drive for efficiency in the supply chain has seen them adopt a wide variety of technologies, from the ingenious to the bizarre. We are now entering a period of unprecedented change for supply chains managers, with a number of new innovations entering the market en masse that have the potential to irrevocably alter operational processes, streamlining them as never before.
    I recently attended the S&OP Innovation Summit in Boston, where a number of speakers discussed what these technologies would be, with three in particular standing out.

ProcureconIDWest2016

According to data from ProcureCon Indirect East’s 2016 Benchmark report, 52 percent of procurement groups are now centralized. By contrast, only 12 percent were still decentralized, indicating that the level of maturity around procurement’s role in the organization is continuing to grow. This year from September 19th to the 21st, the ProcureCon Indirect West conference will be meeting at the JW Marriot in Scottsdale, Arizona. Addressing the significant growth of the procurement role and where it is headed, the conference brings some of the brightest minds in procurement together every year.

ISCEA Networking Session 4 copy 2

The ISCEA Supply Chain Technology Conference & Expo is an annual gathering of supply chain, operations, engineering and financial professionals coming together to share cutting edge technologies and best practices focusing on efficiency and profitability.

A study conducted by ISCEA over the last three years concluded that ISCEA members were looking for a holistic event that covers both supply chain and technology, thus the genesis of SCTECH. ISCEA is uniquely qualified to organize an event like SCTECH given ISCEA’s thought leadership position in supply chain and technology. SCTECH will also include events to recognize supply chain excellence via the Ptak Prize, educational workshops, a career fair and many competitions. Additionally, SCTECH will host a venture capital session for supply chain technology startups to showcase their solutions to investors.

 SOP INNOVATION ED PIC1 copy

Sales and operations planning (S&OP) has been around for some 30 years now, during which time it has risen and fallen in terms of importance. The economic challenges and technological advances of recent years have seen it enjoy something of a resurgence, with it being more vital than ever for companies to balance supply and demand, maintain inventory levels, and hit projected revenue and profits.

S&OP is one of the key drivers of an effective growth strategy. A company that has mature S&OP processes will be more successful in executing growth programs of new product launch, market penetration, and price/promotions. It helps develop better understanding, communication, and collaboration between functions - improving agility, while at the same time making organizations more dynamic and less reactive. However, this is when they get it right. Many are still getting it wrong.

The S&OP Innovation Summit is the largest S&OP focused summit in America, and is returning to Boston for the seventh consecutive year on Sept. 21-22.

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