Overview: In the same way that automation is the frontrunner for Industry 4.0, allowing manufacturing to reach new levels of productivity – digitization is the catalyst forSupply Chain 4.0, enabling trading partners to improve operational efficiencies and service levels. This need has never been more dire than it is today.
Demand and supply variability, material shortages, manufacturing capacity limitations, port closures, transportation disruptions, changes in customer purchasing habits – this pandemic has rattled every link in our channel’s supply chain.
Our channel has a renewed focus on protecting the resiliency of supply chains. In fact, ‘supply chain disruptions’ topped the list of game changers named by industry leaders this year. Now more than ever, business leaders must rebalance strategies to ensure supply chains are prepared for unexpected risks.
Your business plan can no longer solely focus on price, lead time and quality – risk management is an essential operational driver to support the agility and resiliency of your supply chain. Resilient supply chains allow organizations to be more responsive to changing situations and disruptions so they can recover quickly and maintain manufacturing capacity, distribution, customer service, market share and financial performance.
This Summit will share current insights and best practices to help your organization rebalance its supply chain through risk management strategies and digital transformation practices. Creating an end-to-end supply chain that is lean, agile and grounded in digital technology is the way forward in the wake of a post-pandemic era.
How to deploy a supply chain risk evaluation and management (SCREAM) strategy
Understand strategic alternatives for handling supply chain risks
Explore evolving supply chain framework: pyramid vs. pentagon supply chains
Examine emerging digital technologies that are amplifying demand and supply planning, distribution, logistics and transportation
Plus! Discover a new digital transformation assessment tool available to EFC members to track your company’s change management and system capabilities.
Who Should Attend?
+ Senior executives (C-suite)
+ Anyone responsible for the following functions within their organization:
Dr. Paul D. Larson, Ph.D. CN Professor, Supply Chain Management University of Manitoba
“Supply Chain Risk Evaluation and Management (SCREAM) for Electrical Equipment Manufacturers and Distributors”
Supply chains face two fundamentally different types of risk: operational risks (e.g. lead time variability) and major disruptions, such as the ongoing pandemic. Supply chain risk evaluation and management (SCREAM) is about understanding exposure and vulnerability to possible disruptions. Exposure is an estimate of the likelihood a disruption will affect an organization. Vulnerability involves an assessment of the disruption’s impact. Understanding exposure and vulnerability to disruptions allows your organization to adopt a proactive versus reactive approach.
Using the COVID-19 pandemic as an example, this session covers all stages of the SCREAM framework. This pandemic is not the last major disruption your supply chain will face! Your organizations needs a tool to evaluate and manage future disruptions.
Questions that will be addressed include:
What are the biggest risks or possible disruptions your supply chain faces?
How does your organization typically respond to supply chain disruptions?
What are your strategic alternatives for handling supply chain risk?
Who are your stakeholders? What do they expect from you?
What is your supply chain strategy? (Lean vs. agile; single vs. multiple sourcing; etc.)
How exposed and vulnerable is your organization to supply chain disruptions?
Dr. Paul D. Larson, Ph.D. is CN Professor of Supply Chain Management at the University of Manitoba. From 2006-2009, Dr. Larson led the team that developed and wrote a new C.P.P. curriculum for Purchasing Management Association of Canada (PMAC), now Supply Chain Canada. During 2008, as Director of the University of Manitoba Transport Institute, he led a pandemic planning research team, yielding the report: Manitoba Nutrition Supply in Event of a Pandemic. This study inspired the Supply Chain Risk Evaluation and Management (SCREAM) framework. Later, Dr. Larson was lead author of a report titled Supplier Diversity in Canada: Research and analysis of the next step in diversity and inclusion for forward-looking organizations, published in 2016 by the Canadian Centre for Diversity and Inclusion (CCDI). Dr. Larson lectures and conducts research on sustainability, supply chain risk management and supplier diversity. Pandemic preparedness and response are his renewed interests, inspired by the current COVID-19 pandemic.
Andrew Au Global Thought Leader on Digital Transformation
“Navigating Digital Transformation: Changes, Chances and Choices”
Marketplaces and workplaces are evolving faster. In the first five months of the pandemic, companies accelerated their digital journeys by seven years. Digital transformation is much more than digitizing paper-based systems. It’s about redefining how we deliver value to our customers, our partners, and our employees. Andrew Au, a thought leader in the tech industry, will unpack emerging technologies—how they’re impacting the future of work and how you can best position yourself and your company for success.
When companies like Microsoft, FedEx and 3M want to accelerate innovation, they call Andrew Au. Today, the dynamics of industries are changing. No enterprise is too big to fail, no start up is too small to disrupt. Agility has become the new currency of business, and organizations need to respond. That’s where Au comes in. He helps organizations respond to the now and prepare for what’s next — helping them rethink how they engage their customers, motivate their employees, operate their business units, and inject innovation into their solutions.
Referred to by Forbes as a “digital transformation expert”, Au helps organizations respond to the new culture and nature of work. Through his innovative work, he was the youngest person to be inducted into the Entrepreneurs Organization at the age of 22. He is among the few to be named to Forbes’ “30 Under 30” list and has received over 50 domestic and international awards for business innovation and thought leadership. What makes Au’s perspectives unique is that he doesn’t just study digital transformation and culture change — he makes it real for the largest organizations in the world, every day.
Au is the co-founder of Intercept, a strategic consultancy that has led large scale system implementations and culture change programs. He regularly shares his dynamic perspectives on leadership and emerging technologies with media including Forbes, Business Insider, Tech Insider, Bloomberg, BNN and the National Post.