Sankshetra’22 aims to provide a dais where the veterans from the industry will interact and reflect with the budding managers on the recent trends and developments in the domain of Operations and Strategy. The Conclave aims to provide the student fraternity at IIM Amritsar with a holistic view of how a cohesive and competitive market responds dynamically to varying conditions.
The first half of the panel discussion will focus on a critical aspect in the Operations and Supply Chain domain - Transparency or end-to-end visibility in Supply Chain.
The Second half of the panel discussion will focus on a critical aspect in the Strategy domain - Strategy in the age of volatility: Courage to adapt swiftly.
In the past two years, we have seen multiple supply chain disruptions over various industry sectors – be it the worldwide disruption caused by the COVID-19 pandemic, port congestions, Brexit, the Long Beach incident, and the famous Suez Canal obstruction. Today’s market demands and the complexity involved with multi-enterprise, multi-tier, multi-mode, and multi-directional supply chain flows demand a more robust and adaptable supply chain strategy. Fragmented IT infrastructures in the current architectures adopted by many companies lead to the creation of significant data silos that prevent ready access to critical information needed to make informed decisions quickly. Even if there is a considerable amount of data at disposal, the current processes and technologies are not designed to work in unison. Companies are now investing heavily in supply chain digitization and analytics to increase visibility across the end-to-end supply chain.
End-to-end visibility or transparency in the supply chain can help to predict the ripple effect in the supply chain caused disruptions, increased demand, or unprecedented changes. However, the the extent to which end-to-end visibility enhances supply chain management depends on the nature of the business and how it is defined for that particular business. Controlling costs, Contingency planning, traceability, Stakeholder Mapping, Bottleneck Identification, Improved Communication, Standardization of Data, Granular and Global View Data Analysis Optimized Inventory levels, Faster Data Retrieval and Increased Customer Service Levels are some of the benefits arising out of the adoption of a Visibility Platform for Supply Chain Management.
In the era of rapid technological advancement and externalities, what strategic course of action can an organization adapts to meet the demands of customers and businesses? How an amalgamation of conventional approaches with strategic courage to act would help to explore new frontiers in businesses for high sustainability and growth.