During the first portion of 21st century, more changes are taking place in the areas of Supply Management, Supply Chain Management, Value Network Management, Buyer/Supplier alliances and virtual corporations than in the history of mankind.
Dynamic collaborative and trusting alliance relationships and networks are the keys to the survival and success in 21st century. On supply side, the relationships are best established and nurtured by Supply Management Professionals. IT, Engineering, Marketing, Operations, Quality and Finance all play critical, enabling roles in our quest of value-added relationships.
The transformation from clerical and mechanical purchasing through proactive procurement and Supply Management to Value Network Management parallels the evolution of the man-kind from caves to visiting the moon.
The primary reason for this shift from tactical purchasing roles to strategic supply management is because of its huge impact on the organisation’s bottom line.
The Covid implications will be very high and Professionals will experience different level of expectations from Stake holders. Learn and be ready.