Here are my thoughts and ideas on strategic planning and process
management and other approaches that can transform your organization.
How can your organization adapt to an ever-changing market?
Are you thinking about updating your systems? What should you do first?
And there's more. Click on the links for more information on these topics.
In 2018, 19.7% of supply executives worldwide reported that fluctuating consumer demand was their biggest challenge.
To keep up, a business must continuously adjust its plans without significant disruption to the flow of daily activities.
An organization with the strategic planning capability to easily adjust to market changes is more customercentric, achieves higher revenue growth and lowers costs.
However, to be successful, the critical functions of an organization; people, culture, processes and systems must be willing and able to adapt to new conditions effectively.
How well does your organization adapt?
Do you always know where your going?
Business Process Management (BPM) is a framework that defines how a company manages its end-to-end business processes. It is a discipline where a company’s primary processes are viewed to have as much strategic value as their products or services.
"There are a number of possible explanations for why progress tracking works, but the mere exposure effect seems to be one of the most plausible."
"In the context of business, the mere exposure effect states that you’re more likely to achieve your sales, marketing, and customer service goals when you’re laser-focused on doing what it takes to reach them."
Read the full article How Do You Track Progress in Your Business?
Supply chain risk management is no longer a "nice to have".
Developing a risk averse mindset at all levels of the organization influences product designs and strengthens the supply network by proactively identifying, monitoring for and mitigating or eliminating risks that could significantly impact an organizations market position.
Learn about the many aspects of supply chain risk management.
Transforming legacy systems to one that supports a data driven environment requires a digital infrastructure with a solid data management system under a layer of powerful business analytics that produce high value information.
However, depending on where an organization is on its journey, it could mean a significant change to the organization's approach to embracing new technologies.
..if you “believe there is a destination to reach, don’t put a timescale on it. Because, apologies for being the bearer of bad news, you won’t get there, you never will."
"Instead, you should move your focus away from the destination and to the pace of your transformation.”
As new markets emerge and consumer tastes evolve, innovation will continue to create new technological opportunities to serve these future markets. So meaningful utilization of any technology hinges on a strategy that creates a nimble infrastructure and focuses on the proficiency of the organization to incorporate solutions that immediately enable the organization to meet the demands of the new market.