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What a start! Who could’ve predicted that 2020 would bring unforecasted pivots, unimaginable challenges, a global impact on supply, demand, and people, with a simultaneous influx of new technologies? 2020 delivered another year of change, innovation, and growth for supply chains. The COVID-19 pandemic has lasted longer than anyone could have imagined, and throughout it, our supply chains, I believe, have shown resilience. Here in the U.S. there were shortages of many different products early on, as millions of Americans shifted to working and learning from home. Instead of consuming food and paper goods in schools and restaurants, they began shopping differently and fulfilling these needs from home. That huge shift in demand was met by our supply chains, exhibiting the resilience to get back in business and minimize disruption. As we look ahead, the past nine months are undoubtedly shaping how organizations and professionals alike are planning for the year ahead. Savvy supply chain professionals are learning from the past to prepare for events in the future. 2020 certainly provided opportunities for learning and improvement, even for all of us that have been in supply chain for decades. We've never seen anything like this, but certainly we will learn from it. We will develop new partners, and we will move ahead with even more resilient, flexible and agile supply chains all around the world. What are the lessons I take away from last year? First, all the professionals in supply chain management know they need to be ready for the unexpected, to prepare for scenarios that are unlikely, and to respond with agility and flexibility to ensure our customers are served. And yes, at the lowest possible total delivered cost, which is one of the main foundations of modern-day supply chain management. Together, as we start 2021, look at your supply chains and the magnificent people who lead and manage them. Review takeaways and lessons from the past year, explore the unique opportunities and ways of serving customers that were born out of necessity and determine if they can be employed and leveraged in the new year. The creativity that responded to the unpredictable may have resulted in a new way of doing business. A new year allows for reflection. Take the good and start with optimism, remember that people are the most important aspect in any supply chain. Tools and technology will also be evolving and available, but leadership is difficult to replace. We have seen significant leadership throughout this pandemic. It is always the people that make it happen. Stay connected with your teams, industry peers, and the supply chain community. Tap into CSCMP, your professional association, for a network of peers that can support and inspire you through good times and bad. Invest the time to engage and make the most of opportunities like EDGE, CSCMP's annual conference, or local roundtable events. You will make contacts that will be there when you need them; you will be a friend, peer and business resource for others. Stay connected with your professional association, CSCMP. We remain unwavering and dedicated in our mission to advance our discipline and your career. We wish you well.
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The supply chain is essential to business; it must continue to function despite uncertainty, disruption, and tight budgets. Unfortunately, the freight market—worth roughly $800 billion annually to the U.S. economy—is still reliant on legacy systems and methods of operation. In fact, an overwhelming 80% of carrier invoices contain some kind of discrepancy, according to American Shipper. And 15% to 20% of the freight invoice inaccuracies were overcharges by the carrier. Thank you Cara McFarlane, Solution Marketing Manager at Hyland for contributing this CSCMP Hot Topic.
Visit https://0b9305106cf5325988dd-f62b9871acfa9acb1838c2faadbf124d.ssl.cf2.rackcdn.com/cscmp_54c4d315edf2ab02925feda15438679b.pdf to view the full article online.
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CSCMP Hot Topics are enjoyed across the supply chain industry. We've selected our 5 top reads of 2020 for your skimming pleasure. Take a look inside today! Visit https://www.naylornetwork.com/cscm-nwl/articles/index.asp?aid=655292&issueID=80287 to view the full article online.
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The Council of Supply Chain Management Professionals (CSCMP) and Supply Chain Quarterly have released the next annual salary survey for supply chain management professionals. This collaborative survey focuses on collecting data to analyze the current state of salaries and overall compensation for professionals working in supply chain. Survey questions will review data that includes:
Thank you in advance for participating.
Visit https://www.research.net/r/28BV2W5 to view the full article online.
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