iCPO: We’ve Got an App for that!

The building blocks for change in the supply management space are firmly in place. They are so solid, in fact, that the pace of change is accelerating faster than most people had anticipated. What does the future hold for tomorrow’s procurement leaders? This look into a day in the life of our iCPO , circa 2016, provides a glimpse.

January 07, 2010 - SCMR Editorial
Download Article PDF

This isn’t your normal read. Pick up your iPod, find that 1969 Rolling Stones album with the cake on the cover, and turn up You Can’t Always get What You Want full blast.  The step forward to imagine a business world (in the not-so-distant future) where the work day is no longer defined by the walls of an office or constrained by conventional work hours. A future where most of your co-workers reside not in the next cubicle over, but across the corporate campus, in another city, state, or even the other side of the globe. Far from being the exception, this is the new normal. In short, it’s a work environment that redefines the dimensions of time, place, and space. This is the fast-arriving future of the iCPO.

In this emerging model, traditional procurement organizations are being vividly transformed into virtual supply management functions.  They operate online, on demand, leveraging new technologies for sustaining high-touch relationships and processes, and delivering new levels of strategic insight to the business. They not only focus on cost reduction and risk management, but also on innovation, top-line growth, and market expansions.

Once upon a time, these advanced activities would have been considered theoretical. But thanks to changing demographics, market expectations, and globalization of resources, customers and technology, the theory has become a practical reality. And we predict that as early as 2016, just six years from now, supply chain organization will be even faster, leaner, and on the lading edge of corporate strategy. Are you ready?

SUBSCRIBERS: Click here to download PDF of the full article.

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Logistics managers have always been under pressure to strike the right distance between specialized intermediaries and the markets they want to serve. That challenge is becoming increasingly complex, however, as mega-brokerage enterprises capture more share.

There are so many ways to analyze the state of truckload capacity, and on top of that there is, perhaps, no other facet of freight transportation that is so directly impacted by myriad moving parts, whether it be driver availability, rates, demand, weather, the economy, and, of course, federal regulations, among others.

The ATA said that the annualized turnover rate for large truckload carriers, which it defines as truckload fleets with more than $30 million in revenue, increased 3 percent to an annualized rate of 87 percent in the second quarter.

If you want to meet some of the most ticked-off people on the planet, talk to any trucking industry retiree who received that letter from the Teamsters’ Central States pension plan notifying them of their potential financial haircut coming in retirement.

Global express delivery and logistics services provider DHL introduced a new flight geared towards Michigan-based importers and exporters out of the Detroit Metropolitan Airport.


Post a comment
Commenting is not available in this channel entry.