In our recent survey, we received 124 responses providing us with some interesting insights on both the causes of this deterioration as well as the reasons why the level of supply chain excellence either stayed the same or got better.
Author: Oliver Wight
It is probably safe to say we all have lived through a bit of chaos at times, where we feel things are out of control and fires are popping up everywhere. This can apply to a number of areas. If we think about how this applies to Demand Execution, we see executives getting involved in the details.
Whether a large project across many global business segments and years, or a small quick improvement project taking less than a quarter, there is a high risk of failure. Even if successful, the results may not be sustainable.
Businesses today face ever-increasing frequency and magnitude of change in the global marketplace. Companies that still do annual planning and budgeting the traditional way are wasting time and money and will be left behind.
No matter how large or small, manufacturing or pharmaceutical or electronics, every business relies on a leader to chart the course and steer the ship. But if your talent is paddling a dinghy while the competition is piloting a super yacht, your business will sink in a nanosecond.
Decision making can be one of the most frustrating aspects of being a leader, a manager, an employee, and a human being. Decisions are second guessed. That’s the genesis of the term “arm-chair quarterback.” It seems much easier to debate a decision after it has been made than to make the decision in the first place. Information requested upon which to base a decision is not believed. People fight over the information. Is the data right? Go get more data to prove whether it is right or wrong.
We know what you’re likely to say. “Sure, we’re engaged. We ensure the books are accurate. We handle the monthly closing, do the analysis to explain performance, reforecast the rest of the quarter, and sometimes the year. What more do…