Home > The Future of Supply Chain Management discussed at NG Supply Chain Summit Australia

The Future of Supply Chain Management discussed at NG Supply Chain Summit Australia

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NG Supply Chain Summit Australia saw a top line-up of 70 of Australia’s leading supply chain executives spend three days in a closed door environment to discuss best practice supply chain management.

Participants from the Health, Retail and Consumer, Telecom, Energy and Industrial sectors met up on the Gold Coast to discuss supply chain structures, focussing on key areas of concern for companies such as selecting the right 3PL, driving improved supply chain performance and reverse logistics.

Additionally, the Summit also addressed demand and supply forecasting in volatile market conditions, including the effects of the currency war.

Some of the topics under discussion that examined the many facets to Supply Chains of the future: 

  • Increased role of business intelligence and analytics tools in supply chain and procurement processes
  • Competitive challenges driving businesses to rethink their analytics strategy
  • Key elements of successful business intelligence and analytics initiative with specific focus on its role in procurement and spend analysis

NG Supply Chain Australia saw the participation of leading industry executives such as: 

  • Simon Ellis – Practice Director, Supply Chain Strategies, IDC
  • Craig Stokoe – Global Procurement Manager, Aristocrat
  • Peter Fouskarinis – GM Supply Chain, Country Road
  • Vince Aisthorpe – Manager Supply Management, Tarong Energy
  • Colin Kempter - Principal Consultant, ECN Group

According to analyst partner IDC, supply chain structures are moving from a fixed-cost-driven network to a variable-cost-driven approach.

The implementation of effective BI strategies will help companies understand the consequences of any business decision, which allows them to operate at a new level of intelligence and move towards the ability to predict and act.

Colin Kempter of the ECN Group discussed how supply chains of the future will become more complex and involve more participants causing an increase in the requirement for technology that provides supply chain agility.

Additionally, software needs to be much more agile and cost-effective in order to adapt to the ever-changing business requirements. Software as a Service (SaaS) has become a leading supply chain technology enabler in the modern world.

New SaaS technologies that can be implemented quickly and have the ability to enforce business policies throughout the supply chain community without high costs and lengthy development cycles are becoming key areas of focus and spend.

Industry-leading solution technologies were areas of deep discussion and focus for the industry executives at the NG Supply Chain Australia Summit as businesses reworked their supply chain structures in the changed economic scenario. 

GDS International is a business resource centre for industry comprising of publishing, events and online divisions.

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