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Future

The Future of Headhunting in Supply-Chain Management

December 4, 2019 by admin


 

The Future of Headhunting in Supply-Chain Management

The industrial revolution was a major revelation to the whole world back in the 19th century. It changed people’s perspectives of the working industry holistically. The fast-paced revolution was sort of like an eye-opener to the public. It was a race to the future, and no one saw it passing so fast.

In 2019, the game is different in all aspects. Machines and modern equipment are not new. Technology, with a brisk run, has caught up with the lives of all the people, and they are dependent on it. There are tribal hamlets without big changes in villages and forests still, but technology is surely catching up. It won’t be long before you get mobile signals inside all dense forests.

Where is business heading then? The global research and advisory firm Gartner predict that within a year, at least 50% of major business systems will have IoT in it, in one way or the other. IoT is the internet connectivity extended into physical devices and everyday objects, and we would already know how big a role IoT plays already in our daily lives. To see a person not using Google maps for navigation in a major city would indeed be a sight of rarity.

If you think this is the pinnacle of technological advancement, then count it only as the beginning.  We are about to witness some more action. Gartner also predicts that up to 36 million inter-connected smart devices will be installed in a decade and that it would generate over $300 million in revenue. This means IoT will have a huge role to play in how the supply chain operates for business enterprises.

SCM Revolution

Supply-chain management is the effective management of the flow of goods and services, involving movement, storage and delivery of finished goods and services from the point of origin to the point of consumption.  SCM calls for an integrated approach in design, planning, execution, control, and monitoring of supply-chain activities. IoT has a big role to play here.

Many global firms recognize the transformation role played by the IoT in the manufacturing, retail, and service sectors. Most of the organizations depend on IoT solutions for locating objects, containers, and personnel. Smart mailboxes are used by postal services in some remote areas to find out if the boxes are empty. This saves unwanted journeys. Some pharmaceutical companies use sensors to monitor their temperature-sensitive products. When you order a product online, you get an online tracker to monitor its delivery. All these setups increase the productivity of the organizations. This is business intelligence in its higher echelons.

The IoT devices have revolutionized the supply-chain systems.  It is much easier to know the whereabouts of the products/goods in storage or movement. It also helps the companies to stay competitive in the market. Let’s talk about some of the major operational efficiencies of IoT, and you will know about the main advantages in the field because of it.

 

 

 

Asset Tracking: Bar codes and tracking numbers were usually used to manage the goods in the supply chain.  However, IoT has changed the entire game plan. The old methods are no longer the best. There are plenty of methods using which the whole process can be expedited.  RFID (Radio Frequency Identification) is used nowadays as the main method of communication.  RFID and GPS sensors can be used to track the products. It’s not just a matter of simple tracking here. These sensors can be used to calculate and arrange a wide array of data. Fetching granular data like the temperature of storage is an example. The amount of time spent by cargo and the exact location of the goods and products is priceless information. This way, the companies can use the data as leverage to minimize the flaws next time. The labor and time can be easily managed. In business, excessive time and headcount mean money lost, and through IoT, the companies get to save a lot of it.  In a nutshell, the organizations have a wide array of data that they can use to improve and take their business to the next level. Quality control, on-time deliveries and product forecast – It all becomes easier and much better.

Vendor Relations: When we talk about healthy relations with vendors, it doesn’t mean a friendly handshake or how good you are in talking them into a good deal. It is much bigger than that. Data shows that over 60% of the value of a company is derived from its suppliers. It’s a huge share and that is exactly why it is important to have healthy vendor relationships. The information available through IoT plays a crucial role here. When asset tracking improves, the companies get a good chance to tweak their production schedules and charts to improve their overall productivity. This way, it’s easy to zero in on poor vendor relationships that cost the company money. How are the vendors handling the supplies they are sending you? How are they handling them once the product is made? The quality of products is important, and it reciprocates as good relationships with customers, helping in customer retention as well.

Forecast and inventory: When data gets messier, the whole system crumbles. When there is an expert way to handle data, then there is more clarity. The accuracy of IoT in handling inventories is commendable. The speed and accuracy of the operations are better than any human who can do the same tasks at his prime. Instead of a human, when there is a robot to scan the QR codes or handle the data, then the speed increases manifold. This is already a custom in most of the multi-national companies like Amazon who are experts in Supply Chain Management. The inventory can be tracked easily, and the supplies for stock and future can be managed much more productively. Who wouldn’t want error-free efficiency and preciseness in handling data?

Connected Fleets: People used to wait for ages for a mail to come and fall on their doorsteps. But gone are those days. It’s faster, and forget predictions and hope, you can easily pinpoint the exact time of delivery and location of a product. It is imperative in supply chain management to have a connected network of containers, trucks, vans, or any vehicle in that case used for the transportation of goods. Nothing is lost and all information is just within the reach of your fingertip. Where are the containers? How long will it take to reach the destination? What are the possible contingencies and how can it be handled without losing time and manpower? There are questions aplenty, but a connected fleet with IoT is the answer to most of these questions. Data is the key, and there is an improvement in every step forward. Manufacturers, vendors, retailers, customers and all elements in the operational structure can reap benefits using IoT.

Maintenance: A faulty system or machine costs a lot for companies when it’s supply chain they are dealing with. For this reason, it is important for the companies/manufacturers to constantly keep an eye on maintenance. Smart sensors through IoT have the power to keep everything inter-connected and intact. This prevents downtimes and blackouts. Prevention is better than cure, and that’s exactly what scheduled maintenance through IoT can do to your network.

Why is IoT a Game-Changer? Let’s Summarise

  • It’s reassuring that goods can be precisely located, both in rest and motion
  • Problems with the goods lost, or delay in delivery can be easily identified and rectified
  • Stakeholders get to know when they can expect to receive and process goods
  • Real-time shipment and tracking
  • Visibility and transparency of stock/inventory
  • Quality management and optimization
  • Efficiency in storage and distribution of goods and products
  • Time-management
  • Healthy vendor-relationships

Impact on Recruitment

All these developments act as a precursor to a new generation where all the activities and operations will be aligned using a technological handle that’s both easier to manage and good for business. The future is coming quicker than we can anticipate. An inventory on a ruled A4-sized notebook – those days are history. We need more skills and in another decade the market will be filled with millions of jobs that we have absolutely no clue about. It is kind of scary, but it can also be exciting if you are ready to adapt and change according to the evolving environments all around you.

When there is a technological improvement or new methodologies of actions in place in a company, it will surely call for a better scale of operation and the employees should be well aware of it. The skills required and key roles will change invariably.

Cyber Security is one such area that will play a huge role in the effective handling of all these companies. With most of the data and information controlled and managed through the inter-connected IoT, it is easy for a rival to use the same as a scourge to create a huge ruckus. As technology finds its way higher up the ladder, there will be hackers aiming to bring it down as well. Security is a big issue, and all data should be safe. Count this as a synonymous industry that’s growing with IoT.

 

When it comes to supply chain management, most of the transactions happen online nowadays. Social Selling isn’t new, but it is really important for recruiters. Sales professionals will have to research their leads and candidates to build a good rapport with the system.  Like social selling, there are many foreseeable changes and things that can never be predicted galloping towards us.

 

The Future of Jobs in SCM

IoT, 3D printing and big analytics are already playing a key role in changing the dynamics of the Supply Chain Market. In the wake of ever-changing patterns in the market, what jobs can we expect?

The future of demand planning: It could be all about cloud-based planning systems. The real-time drill could be different from how they are before. Online transactions and algorithms will change the entire mechanics of demand planning. The demand planner can become a business creator.  At the transaction level, the executive will be able to prioritize, analyze and solve supply-demand balancing problems. The commercial impact will play a huge role.

Production Planning: A production planner of the yesteryear will have to collaborate with robots than be programmed in the wink of an eye. Thousand of working pathways can be simulated and all the permutations and combinations can be tested within seconds. The IoT equipped machinery is from the future and just being able to push a button or turn the handle or knob on time, are the skills that wouldn’t matter to anyone.  The production planner has to be an expert craftsman. There is no need to manufacture long runs of low unit costs, and it can effectively improve business and increase the company’s profit.

Logistics Management: To a large extent, it will all be about dealing with customer satisfaction. The options for planning on building a load, making a route map and checking customer’s availability will be quite easy. There will be plenty of options available, and analytics and automation will ensure that it happens on time. Logistics could become the next uber-cool thing of the future. Custom-packing, drones, and pods will change the entire landscape of the delivery of the goods. Customer satisfaction and directing these automated machines in the right course will be the future of logistics management. Numbers and combinations won’t be a problem. It’s all about becoming a Logistics director.

Resource utilization: It’s all about sustainability. Optimal consumption of the resources and sustainability are the marks of the future. The executives will require machine learning for optimal resource utilization. The Supply Chain leaders of the future will have to reinvent themselves.

All the Skills Needed:

  • Strategic Planning and Big Thinking incorporating IoT and AI
  • Technological expertise and ability to adapt and apply Analytics, Artificial Intelligence, Robotics and the IoT in the supply chain
  • Collaboration, networking and relationship management
  • Control Tower leadership and single-point management skills
  • Ability to learn, adapt and use technological resources
  • Risk management and mitigation
  • Data analytics and high-level decision making
  • The ability to work seamlessly across all boundaries of culture, geography, and trends
  • Ability to quickly improvise and read the current trends
  • Lean and business process re-engineering
  • Machine-learning

Role of Headhunters

Due to the tectonic shift in the market, there is an increased need to educate and constantly be aware of the technological advancements. Big Data, Telematics, Warehouse and Workforce Management, IoT, AI, and Robotics – there is quite a lot that’s happening and changing in the supply chain industry. To effectively be able to select candidates who are aware and knowledgeable of these changes can be a daunting task.

Specialist recruitment services can make a big difference here. For functions like IoT, IIOT 4.0, Connected Devices, Telematics, Warehouse Management Software, and Workforce Management Software, there are headhunters who can get the right manpower with adequate knowledge.

Role of Headhunters for Supply Chain

  • To find the right candidates who are aware of the growing changes in the market
  • To find manpower who are adept and equipped with machine learning
  • To spot the right talent according to the changing environments in the industry
  • Hire the right candidates according to varying requirements
  • Educating the candidates about the requirements of the company
  • Assess, monitor and prepare a talent pool
  • Increase in productivity for the company by right placement
  • Act as a resourceful bridge for the candidate and client

It can be a daunting task to have a set of people working and get them to learn the alphabets from A to Z. Instead of that, the headhunters help in readying the right talent for all jobs in the chain. No second thoughts whatsoever! Headhunters play the role of talent agents for corporate companies.

The changing Course

It is always about adapting to the conditions that keep on changing all around us. Someone with decades of experience won’t be able to survive if he is unaware of the technological shifts around him. Someone good at his job will not survive if he is not ready to learn. IoT and AI are going to take over the operational cycles, and as much as it is good for profit-making and error-free operations, it also calls for high levels of flexibility and adaptive approach from the employees. The world is changing fast and it is imperative to keep on running.

Headhunters play a major role without any doubt. It helps the candidates and employees get what they deserve, and act as a mediator. It directs both the parties in the right direction. For corporate clients, it’s about a painless selection process. For candidates, it’s about the right job! They act as a bridge. In a way, you can call them game-changers.

 

The Future of Headhunting in Supply-Chain Management

Filed Under: business, Digitalisation, Digitalization, Digitization, Hiring, industry 4.0, Lean, Recruiting, SupplyChain Tagged With: digitalisierung, Digitization, Future, headhunter, Headhunting, Logistik, SupplyChain

Top 10 Future Trends in Supply Chain and Logistics

October 4, 2019 by admin


 

Top 10 Future Trends in Supply Chain and Logistics

From the first wheel in the Neolithic age to the modern automated driver less automobiles, the logistics segment is ever evolving. Wheel was definitely one of the greatest invention made by men after the invention of fire.  The invention of the wheel evolved transportation and has given rise to the modern day logistics industries and to the ever growing dimension of the supply chain management. Advanced technologies, globalisationand digitalisation of processes has resulted in immense metamorphosis of the supply chain cycle. Today, we shall discuss 10 future trends that will definitely make an impact on the supply chain segment in the coming years.

  1. Customer segmentation:Logistics industries have shifted from the traditional approach of segmenting customers on the basis of age, gender and occupations. The trends predict that customers must be now segmented on the basis of their purchasing and delivery needs and requirements.
  2. Risk Management: Reduction and mitigation of risks will remain a top priority for Supply chain managers. Legal requirements, risk screening and elevated diligence by interested parties have created immense pressure on the supply chain industry to prioritize risk management.
  3. Digitalization: The application of digital gadgets to redesign the supply chain management operations will remain a popular trend in the logistics industry. Reliability on automated digital applications minimises human intervention and error.
  4. Robotics: Widespread adaptation of advanced technologies, artificial intelligence and robotics will increase across the supply chain cycle. Robotic process automation or Artificial Intelligence allows the logistics companies to cut down on costs, eliminate errors and relieve the workforce from strenuous and repetitive physical tasks.
  5. Reverse Logistics: The supply chain industry has shifted from a linear supply chain to a circular supply chain. Used products are now sent back to the supplier for re-use via reverse logistics. This has brought about higher sustainability and increased customer loyalty in the supply chain industry.
  6. Real time inventory management: Sensors and POS machines can capture inventory at real time. This streamlines the supply chain process and reduces inventory hold time. When everything is tracked through internet sensors, it also minimises loss of products.
  7. Visibility and transparency: Futuristic supply chain leaders can incorporate better visibility into their supply chain process and create transparency to enhance the customer delivery experience. Transparency provides strategic foresight to the business and allows innovation with the suppliers.
  8. Real time tracking: Real time tracking of the cargo and transportation enables the manufacturing plant, warehouse and supplier to work in collaboration and plan their business needs accordingly.
  9. Block chain technology: With the ever expanding global economy, there is bound to be a resource scarcity at many levels. Logistics companies will utilisedecentralised block chain technology as an advanced alternative to substitute for the same. Block chain technology can be used to store records, manage expense statements and verifycustomers at the receiving end by storing their IDs through block chain technology.
  10. Data driven approach: Demand anticipation is now done on the basis of data analysis and not just market prediction. Predictive analysis backed up with data captured from the current buying trends in the market will provide deeper insights into the market demand and supply ratio.

The supply chain industry is highly competitive and fast paced. The wheel has to keep moving forward. Business leaders must plan in advance and apply these trends to keep ahead in the global market.

Top 10 Future Trends in Supply Chain and Logistics

Filed Under: industry 4.0, Lean, SupplyChain Tagged With: Future, Logistic, Supply Chain, trend

Would Trump’s presidency impact European market?

March 17, 2017 by admin

Would Trump’s presidency impact European market?

 

When Americans were selecting their next president, they weren’t thinking about the impact it will have on the rest of the world. Since U.S.A. is one of the biggest economies in the world every change that occurs affects other countries. Americans spoke and chose the president that they think will be best for t their country. Unfortunately, what is good for U.S.A. doesn’t have to be good for European countries. Since Donald Trump announced changes in foreign and domestic policies we might expect some turbulence at the old continent. Experts are not optimistic, we listed few consequences that are most often mentioned by economists.

 

As the Guardian indicates:

“The US president-elect’s policies are likely to be good for domestic growth – but rhetoric on trade is likely to have global implications”[1]

 

Not necessarily these policies will have bad consequences for the European market; however, the outcome might sometimes be difficult to predict. Here are few scenarios that we might see come to life in coming months:

#1 Increase of inflation

When the U.S. grows and its unemployment shrinks the inflation will most likely grow. Since American market has a big impact on other countries’ economies soon we will see a similar pattern in Europe.

Further inflation growth can be caused by tax reforms planned by Trump. That is likely to cause budget deficits.

#2 Deregulation

Excessive deregulation that can spin into a financial crisis, similar to one we experienced in 2007, is another fear of Donald Trump’s presidency. Since the U.S. president planned to reverse some bank regulations. As a result, we might see a loosening of lending standards. We all remember that, among others, bank’s friable lending policies were the cause of 2007 – 2008 financial crisis.

 

#3 Slowdown of globalisation

Free trade, globalisation and open markets of which we all benefit today, regardless of our professional position, might come to a halt. As president Trump is planning to stimulate domestic production and trade Europe might see one of the biggest markets of the world closing for collaboration with other countries.

 

#4 Increase of interest rates

The strengthening of the dollar can cause debts of countries with emerging markets to increase. This could have a negative impact on countries, like the Czech Republic, Greece, Hungary, Poland, Russia and Turkey.

#5 Euro crisis

Some experts warn that Trump’s victory could trigger wins of the populists in the upcoming elections in the European countries as the anti-establishment movements became more popular in recent times. Even some economists see the breakup of European Union. Fortunately, so far European countries stand strong together.

Donald Trump presents a much different style of leadership than all previous American presidents. This might be why many fear his presidency. Certainly, as a president of the United States, he must have best interests of his country in his heart. Unfortunately, European countries and U.S.A. might not always see eye to eye. Experts and economists speculate trying to predict the future. In coming months we will see if the prediction will prove correct.

* Article is based on the article “10 economic consequences of Donald Trump’s election win

Anatole Kaletsky” https://www.theguardian.com/business/2016/nov/28/donald-trump-economic-consequences-us-election-growth

[1] https://www.theguardian.com/business/2016/nov/28/donald-trump-economic-consequences-us-election-growth

Filed Under: Politics, Recruiting Tagged With: EU, Europe, Future, Politics, Trump, USA

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