According to the Global state of operational excellence report, 30.7% of operational excellence executives consider end-to-end supply chain transformation as their biggest challenge.
Bain & Co. estimates that companies failing to implement end-to-end supply chain transformation could lose as much as 30% of their margins by 2030. On the other hand, enhancing supply chain operations can lead to benefits such as improved customer satisfaction by 20–30% , reduced logistics cost by 10–20% and increased margins by 5-10%.
Beverage Co. is a leader in its category. Recently its rapid growth had caused it to expand the operations swiftly, leading to an unstructured implementation. Thus it embarked on a supply chain transformation drive, which enabled it to identify and maximize scale advantages with key suppliers and improve service-level through advanced analytics. This eventually led to a 20% decrease in cost per unit.
One way companies can accelerate their supply chain transformation is by allocating resources to understand their current state of activities. A global confectionery company recently utilized SCG’s on-demand workforce to map its current supply chain process and identify opportunities for optimizations. This helped them prioritize improvements based on core processes of the business, thus improving their capability to develop supply chain process activities by 3X. While a global chemical company utilized SCG’s on-demand workforce to identify a real-time tracking solution to improve its NPS.
To accelerate progress, transformation executives need to break down problems in mini-battles and approach it in sprints.
StrategyCo. Global helps organizations accelerate development on pivotal corporate projects. Our trained and agile on-demand workforce participates in time-boxed sprints to help organizations achieve faster progress towards their strategic goals.
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Contact: rahul.abhisek@strategycoglobal.com, kristina.talailo@strategycoglobal.com
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