Innovation, best practices, and strategies on how to modernize your supply chain for a strategic advantage were just a few of the things discussed at the Oracle Modern Supply Chain Experience 2017. TCS was the platinum sponsor of the event and we presented our innovative consulting capabilities that support our clients digital supply chain and business strategies.
Senior supply chain leaders from 65 companies representing $700B in revenue, 4% GDP, and $15B in inventory, attended the summit. The most common challenge expressed throughout the conference was the speed with which change was occurring and how companies could leverage technology and digital strategies to respond within their markets.
I had the honor of presenting a brief keynote on Digital Revolution and introducing Joe Sendra, World Wide VP of Manufacturing Engineering and Technology at Johnson & Johnson to present J&Js journey to leadership in a rapidly changing and dynamic healthcare industry. Joe shared J&Js innovation strategy for manufacturing which includes advanced operations methods and additive manufacturing including 3D printing. J&J is addressing the combination of a dynamic, increasingly personalized market and an unprecedented requirement for regulatory compliance with a forward-looking digital strategy and technology deployment.
Oracle CEO Safra Catz spoke about her discovery of the financial impact of supply chain management with the acquisition of Sun Microsystems. At the time, Sun was losing more than $300M per quarter in their operations. By placing a strategic focus on improving supply chain management, the company turned operations into a $300M per quarter profit a $600M per quarter turn around. The learning was for CEOs to take a very serious interest in supply chain operations and management.
The event also included a birds of a feather luncheon where attendees from common industries networked and discussed the key challenges in their industries. Oracles North America VP, Eric Domski, introduced a workshop, which I can best describe as Macaroni Grill Meta Planning! The room was arranged into 8 tables of 10 to discuss a common supply chain topic of interest. Each table was covered in drawing paper with various colored markers so that participants could jot down their ideas and notes during the discussion.
TCS facilitated 2 table topics. I facilitated the discussion on Supply Chain Transformation: The Digital Revolution, while Ankit Tiwari, a TCS Engagement Partner facilitated a discussion on Emerging Trends in S&OP and Integrated Business Planning (IBP). My key takeaway is that while companies are at various stages of digital supply chain transformation, all of them were on the digital journey with the Internet of Things (IoT) and cloud-based applications as key initiatives. Ankits table acknowledged that a transformation from S&OP to IBP was clearly emerging as companies (while similarly leveraging IoT and cloud deployment) were focusing on new sources of data for advanced analytics to support more robust and frequent cross-functional business planning.
It was a great conference and I hope to see you there next year.