In this Forbes article, Mahesh Rajasekharan, President and CEO of Cleo, explains the concept of supply chain convergence and why it is important. According to Gartner, supply chain convergence is the process of breaking down functional silos and optimizing business processes across traditional functional domains. This outside-in approach is designed to improve the customer experience, optimize revenue, and increase profit margins. Despite the best efforts of supply chain practitioners, many organizations are still struggling to achieve supply chain convergence. Rajasekharan suggests an "ecosystem-first" approach that focuses on collaboration and communication between stakeholders to achieve success. He believes that this approach will help organizations unlock the potential of their supply chain and drive greater value for their customers.
Opinion:
The idea of an ecosystem-first approach to supply chain convergence is an interesting one, and it could certainly be beneficial for many organizations. However, it is important to remember that this approach requires a lot of collaboration and communication between stakeholders, which can be difficult to achieve. It is also important to consider the potential risks associated with this approach, such as the increased complexity of the supply chain and the potential for data security issues. Ultimately, organizations must weigh the potential benefits and risks of this approach before deciding if it is right for them.
Read More
