WAYNE, PA--(Marketwired - March 29, 2017) -
Highlighted Links |
Elemica Supply Chain Solutions |
Elemica Solutions |
"Companies today are three times more conservative than they are innovative," said Lora Cecere, Founder and CEO of Supply Chain Insights. "They lack the processes and know how to move forward and become innovative. Basically they are stuck."
Five "ah ha's" to making process innovation happen revealed in the show include:
- Starting with the customer and looking at the "moments of truth" that are left unfulfilled.
- Working backwards from the customer inward.
- Funding innovation yourself by taking a percentage of the revenue increase from your continuous improvement operations.
- Forming a "scrappy team" of people who like to rock the boat and are chartered to question the status quo.
- Making sure your organization has Wings and Feet - "Wings" ask "what can it be?" while "Feet" are grounded in the balance sheet and results. Outside-in processes fill in the body.
"Lora's assertion that companies need to disrupt themselves and admit they don't have best practices is spot on," said Ed Rusch, VP of Marketing at Elemica. "Innovative enterprises capturing significant competitive advantages are the ones making strategic investments in outside-in processes in order to get above the fray and drive meaningful change."
To view this, and all the episodes of "Elemicans in Cars Talkin' Supply Chain," visit http://www.elemicansincars.com.
About Elemica
Elemica is the leading Supply Chain Operating Network for the process industries. Elemica transforms supply chains by replacing manual and complex approaches with efficient and reliable ones. Launched in 2000, customers like BASF, BP, Continental, The Dow Chemical Company, DuPont, The Goodyear Tire & Rubber Company, LANXESS, Michelin, Shell, Solvay, Sumitomo Chemical, Wacker and more process nearly $400B in commerce value annually on the network. Elemica drives bottom line results by promoting reduced cost of operations, faster process execution, automation of key business processes, removal of transactional barriers, and seamless information flow between trading partners. For more information, visit www.elemica.com.