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Supply Chain
Five Key Supply Chain Trends to Watch in 2017
By Akhil Oltikar, CEO, Omnics, Inc. I
f adjectives like “smarter,” “con- nected,” “visible,” and “automat- ed” aren’t terms you would use to
describe your supply chain, perhaps they should be. These are key trends we expect to impact the industry in 2017.
#shifthappens. Supply chains shift rapidly and frequently. The speed of innovation, new business models, “uberization” (on-demand economy), geopolitical risk (e.g. Brexit, U.S. and European elections, etc.) and compet- itiveness are all at unprecedented levels. A decade ago I used to say that
supply chain optimization was an in- frequent process. Once a supply chain was set up you might need to revisit every two years, gauge where you stand and make adjustments or tweaks. Now it’s a continuous
process, and your business may not survive if you only undertake this re- view every year or two. I also expect supply chain strat-
egy will start shifting from “a few global players” to “many local play-
I also expect supply chain strategy will start shifting
from “a few global players” to “many local players” due to emphasis put on lower risk and faster service to consumers.
ers” due to emphasis put on lower risk and faster service to consumers. Companies are looking for shorter supply chains which otherwise stretch their resources without adding any significant value. Co-lo-
1 2/25/16 4:28 PM
cating research and development with manufacturing, if factored in correctly for total cost of ownership, has its merits.
The Tiger Roars. India has been an outsourced services location for some time, but is now emerging in the manufacturing sector. With its strong service economy
backbone, a young working-class population, lower labor costs, and a huge consumer market, India is making big strides in manufacturing. A growing population and urbaniza- tion is transforming several cities in- to centers of mega-demand. This will require more investment in infra- structure and supply chains, not just for manufacturing for global demand but also to serve the domestic mar- ket. Scenario-based planning will help tackle issues proactively. Regulatory changes by the gov-
ernment on GST, fiscal incentives, and demonetization to tackle corrup- tion make this case stronger.
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Intelligent Supply Chains. Since 2012 we have seen the rise of supply chain visibility, data visualization and other technology, but 2017 is likely to be the stepping stone from visible supply chains to intelligent supply chains. Visibility is becoming a commodity and companies are be- ginning to understand and expect it. Intelligent insights, smart alerts, and predictive analytics are the next- generation supply chain’s require- ments. It’s no longer about data ac- quisition, it’s about data reaction.
SCM Technology. Supply chain management (SCM) technology used in supply chain decision-making, planning and execution will start to move towards an on-demand model as opposed to a “pay as you go” mod- el — something like a “pay as you get value” model. Simple, nimble, non- behemoth-type applications that de- liver value will set the benchmark for the next generation of supply chain tools. SCM technology will also need to address knowledge management issues. Managing the huge flow of in-
formation will be a key differentiator in the global, data-driven economy. Knowledge management is not re- stricted to explicit information driv- en by structured data, but also tacit information that comes from experi- ence, domain knowledge and non- structured interactions in any organ- ization. SCM technology will need to
manage such unstructured informa- tion generated alongside conventional data to derive more significant value.
Automation. Automation is going to be the primary driver in manufactur- ing employment. There has been a lot of discussion surrounding the top- ic of moving manufacturing jobs back to the U.S. or keeping existing jobs here. However, automation that drives productivity is going to be the primary driver for manufacturing jobs, not continued offshoring. The rise of robotics and software has al- ready started to disrupt manufactur- ing and this trend will continue to gain pace. This means that we need to retool, move ahead of the curve and look at the next generation of workers. They will not be on the pro- duction line themselves, but instead be in a control room managing auto- mated machines. r
February, 2017
Akhil Oltikar, CEO of Omnics, Inc. Akhil Oltikar is a co-
founder and the CEO of Omnics, Inc., and has over 16 years of glob- al supply chain planning and management experience. Oltikar works with clients to optimize supply chains by identifying strategic and tactical issues that affect profitable growth, and im- plement business processes and technology solutions.
Omnics, Inc. optimizes sup-
ply chains and transforms data in- to a competitive asset. The compa- ny assists customers in making sound, data-driven supply chain decisions and provides value-driv- en services to help companies ana- lyze, optimize and manage supply chains. Services include supply chain network design and opti- mization, sales and operations planning, supply chain and opera- tions analytics, and focused soft- ware development services.
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