SUPPLIER MANAGEMENT
For those trailblazers leading the way when it comes to strategic supplier management , Hogg highlights a key trend : “ Organisations are truly doubling down on their existing supply chain and supplier relationships .”
This trend is being driven by the need for supplier sourcing agility in response to product innovations , new market entires , geographical presence , and risk mitigation . Whilst perhaps not a new revelation in how to approach supplier management , the last few years have put a laser focus on how critical such activities are .
Another key trend Hogg is seeing in the market is the concept of a 360-degree view of information : “ A lot of procurement and supply chain organisations have always held information regarding suppliers but what we ’ re seeing coming to the fore , and particularly where Scoutbee positions itself , is a true 360-degree view of not just the information that an individual organisation itself holds on a given supplier , but enriching that with external content and information .” He adds : “ You can ' t make decisions without data . No matter how experienced an individual or an organisation is , if they ’ re making strategic decisions without data then it ’ s unlikely they ’ re able to assess all of the various pros and cons of making such a decision without evidencebased decision making .”
Harnessing data provides a foundation for leaders to validate their advice and decisions . It also allows for greater traction and collaboration to drive much more strategic transformation programmes .
70 September 2022