The Ledger
Curated content foranalytical business leaders
Large Businesses Still Need to Scout New Technologies
January 22, 2019
While scouting out new technologies is important, it often takes up so much time for business leaders that they end up going back to their current systems. If a company is serious about responding quickly to the ways customer behaviors are changing, the startups that are gaining momentum in its industry, and the new technologies that ought to be integrated into its offerings, there are probably dozens or hundreds of people throughout the organization who should be tuned in to those signals. Businesses that are trying to invest in understanding how the world around them is changing and how it will affect them, they must also invest in the relationships and systems that allow them to take quick action on what you find.
Read More at The Harvard Business Review >
New Business Models Promote an Evolving Supply Chain
January 21, 2019
Advanced technology solutions are not only reducing costs in the supply chain but can also increase revenue. Cost, efficiency, effectiveness, productivity are critically important for any company building and managing their digital supply chain, but business leaders are trying to leverage supply chain excellence as a differentiator that generates new revenue. The idea of mastering the supply chain- from source to production to the customer and back again, enables businesses to do new things that set themselves apart from the competition.
Read More at The Digitalist by SAP >
Retail Profitability is On the Rise
January 17, 2019
Retail is considered one of the most challenging industries because of the sheer amount of fierce and visible competition in the market, shrinking profits, rising customer expectations, and the need for talent to work 24/7, 365 days a year. Retail is also one of the most profitable industries for the exact same reasons. Unfortunately, retailers are constantly trying to figure out who their most profitable brands and partners are, and who are not. Profitability can be extremely difficult to navigate in the retail space because it is always changing and there are no re-dos. A tunnel-vision approach to profitability causes decisions to be made that are expected to protect profit, but sometimes cause larger, negative downstream effects. So, what can retailers do?
Read More at The Digitalist by SAP >
How Global Volatility and AI Will Impact Your Supply Chain
January 16, 2019
Managing geopolitical risk has always been a part of procurement and supply management’s job, but as new sources of supply volatility emerge and the threat of tariff escalations increase, managing these risks has become critical. In an environment of overall declining prices in technology industry, driving cost reduction has been the relatively straightforward and the standard measure of procurement success. Volatile markets have shaken the assumption behind slow but consistent cost reductions however, and many electronic manufacturers will need to shift their goal to ensuring continuity of supply and perhaps limiting price increases. With the rise of supply chain analytics and new technologies paving the way for supply chains, it is critical to be prepared for what is to come.
