Views - The Forum on Supply Chain Risk + Compliance Management 2016
"While thinking about areas of improvement in transforming supply chain in India, the main focus areas should be: Process Establishment & Compliance, Technology Adoption and Infrastructure."
Mr. Ram Raghuraman, Founder, BCube Global Solutions, Director – Chennai Chapter, Institute for Supply Management, India
Mr. Ram Raghuraman is a global Supply Chain expert with experience in North America, Europe and Asia. A dynamic result-oriented leader and entrepreneur, he has a track record of delivering value whileworking with cross-functional teams incomplex, matrixed organizations.His areas of expertise include Strategy, Supply Management, Supply Chain Analytics & Technology. He holds an MBA degree from Purdue University, USA with a specialization in Supply Chain & Operations plus a Bachelor’s degree in Computer Science Engineering. An avid sportsman and traveller, Ram is a firm believer in lifelong learning.
Q1. May we request you to highlight the areas of Supply Chain Risks?
Mr. Raghuram: The nature of risk in the Supply Chain depends on a variety of factors – size and maturity of the organization, industry in which it operated and the levels of technological empowerment. The risks can be cultural, operational, economic, internal or external and infrastructure-related.
Q2. The Supply Chain Risk: Who owns it? Compliance Management Program: What drives it?
Mr. Raghuram: Most organizations make the mistake of viewing their Supply Chain in isolation. A better way to identify risk is to view the entire value chain as a single entity – this encompasses everyone from the lower tier suppliers to the end customer and includes everyone in between (internal and external stakeholders). Everyone across the value chain owns the risk, but it is beholden on the company to act as the central cog that brings everyone together.
Q3. What do you think are the areas of improvement in transforming Supply Chain in India?
Mr. Raghuram: In India, the main focus areas should be: Process Establishment & Compliance, Technology Adoption and Infrastructure. We can do a lot better in terms of organizing our internal processes to improve synergy, minimize redundancy and make the most of available infrastructure. I find most Indian companies are still playing catch-up in terms of technology adoption and that is a huge area of opportunity. While infrastructure remains a concern, it is very heartening to see the emphasis and results the government has been able to achieve in a short time in this regard. GST will be a game-changer.
Q4. Your views on Standards & Certifications in mitigating Supply Chain Risks. Should theStandards & Certifications be made mandatory for the Supply Chain ecosystem? How do you think it is achievable?
Mr. Raghuram: Standards and certifications play an important role in ensuring organizations stay in control of their Supply Chain. However, adoption and adherence will be much greater and more effective if their value is understood and when such initiatives are championed by senior leadership. The moment we make them mandatory, we are trying to push something that they might not appreciate – a pull system always works better.
Q5. Do you think the stakeholders from Supply Chain ecosystem at any and all levels whether in public and/or private and/or the national and global top professional and trade associations and organizations should come forward and utilize such a forum/platform such as, ‘The Forum on Supply Chain Risk + Compliance Management ‘, and encourage and support such forums?
Mr. Raghuram: Yes, absolutely. Supply Chain has already emerged as the key differentiator as businesses have evolved into a globally inter-connected network of disparate entities. Organizations that are leading the charge have a well-oiled Supply Chain that extends across the world and enables them to maximize shareholder value. Any forum/platform that is able to get key decision makers from across industries together and get them to ideate/debate/discuss will serve as a huge boost to our function.
- Supply Chain RISK + COMPLIANCE MANAGEMENT – What it really means to MANUFACTURERS?
- Transforming the Supply Chain with National and Global STANDARDS to manage RISK and COMPLIANCE.
- IMPORTANCE & ROLE of STANDARDS & CERTIFICATIONS in Supply Chain RISK MANAGEMENT + COMPLIANCE.
- Best Practices Case Studies + Use Cases in Supply Chain Risk + Compliance Management.
- Securing the Supply Chain ECO-SYSTEM and the role and responsibilities of the STAKEHOLDERS;
- Logistics Providers
- Freight Carriers
- Law Enforcement Agencies
- Government Agencies
- Security Professionals
- Logistics Professionals
- Freight Services Industry Companies
- Insurance Companies
- Audit Companies
- Technology Companies
- The IMPORTANCE & ROLE of TECHNOLOGY in STANDARDS Development
- TELEMATICS for Cargo + Driver Safety and Security
- Cargo Safety & Security - Explore how telematics is used for combating hijackings, thefts and robberies
- Driver Safety & Security - Explore how telematics technologies can help enhance the driver safety and security by real time monitoring of driver behavior and driver fatigue
- Fleet Performance and Fuel Efficiency - The impact of telematics and fleet management technology on insurance
- Cold Chain Management - temperature-controlled supply chain:
- Life Sciences: Clinical Trials - Hospitals and Blood - Pharmaceuticals - Vaccines,
- Fresh and Processed Food - Produce - Seafood - Meat and Poultry - Dairy - Floral
- Technology Solutions for Warehouse Safety & Security
- Physical Security Information Management (PSIM) - An Integrated Approach to Warehouse Security for simplifying the command and control - at-a-glance snapshot of all operations, enhancing their situational awareness and increasing their ability to react to any security infringements within the warehouse environment - Witness how a PSIM platform that seamlessly brings together otherwise disparate solutions - Access Control, CCTV, RFID, Intruder detection and Fire systems.
- TELEMATICS for Cargo + Driver Safety and Security