Ep13: How is Supply Chain viewed in the Boardroom Dave Clark, CEO Flexport

Ep13: How is Supply Chain viewed in the Boardroom? Dave Clark, CEO Flexport

Over the last decade, there has been a significant shift in how companies view ownership, transcending geographic borders and organizational walls. This evolution is paired with the transformation of the supply chain from merely a procurement entity to a strategic partner in the boardroom.

The Evolution of Ownership and Supply Chains

Companies can no longer rely on the traditional notion of merely having suppliers. Today's business environment demands transparency, visibility, and a comprehensive understanding of supplier operations. It's no longer sufficient to refer to a company simply as a supplier; instead, there must be a deep collaboration and integration that allows for oversight and input in the supply process.

The Role of Supply Chain Leaders

Supply chain leaders now find themselves at the center of these changes. Their profession has evolved, making them key players in boardroom discussions. Their role involves more than just managing procurement; it includes ensuring the thorough monitoring, control, and optimization of the supply chain processes to meet strategic business goals.

Summary

The landscape of business and supply chain management has undergone a significant evolution over the past decade. Companies now look beyond geographic borders, seeking transparency and control over their supply processes. Supply chain roles have expanded, becoming integral in strategic decision-making in the boardroom.

Keywords

• Supply Chain Evolution
• Strategic Partnership
• Transparency
• Visibility
• Supplier Integration
• Supply Chain Leaders

FAQ

Q1: What has changed in how companies view their ownership over the past decade?

A: Companies now view their ownership beyond geographic borders and organizational walls, requiring greater transparency and visibility in their operations.

Q2: How has the role of the supply chain evolved in recent years?

A: The supply chain has shifted from being just a procurement entity to becoming a strategic partner in the boardroom, necessitating more control and input in the supply process.

Q3: Why is transparency important in modern supply chain management?

A: Transparency allows companies to understand and control their suppliers' processes better, ensuring quality and efficiency throughout the supply chain.

Q4: What is the new expectation of companies regarding their suppliers?

A: Companies now expect deeper collaboration with their suppliers, requiring full visibility and a thorough understanding of the entire supply chain process.