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.
image

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

Now that the deal, which had to clear several regulatory hurdles in multiple countries, is official, FedEx executives were able to speak a little bit more freely, albeit being somewhat guarded in regards to certain integration specifics at the same time.

As the July 1st date for complete compliance looms, shippers are seeking help to cope with the mandatory changes instituted by the International Maritime Organization (IMO) to the Safety of Life at Sea Convention (SOLAS).

As of July 1, only containers with a verified gross mass will be cleared to be loaded onto a ship under the International Maritime Organization’s Safety of Life at Sea (SOLAS) Verified Gross Mass (VGM) amendment. Shippers hoping that the implementation of the ruling will be delayed or deferred are whistling in the dark, say industry analysts.

Amid the many worrisome economic indicators kicking around of late, something along the lines of good news came about this week in the form of United States new home sales data, issued by the United States Department of Commerce this week.

In March, the SCI came in at 0.4, which FTR described as “a near neutral reading” on the heels of four months of more favorable market trends for shippers.

Comments

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