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The Board-Executive Imperative: Involving Boards and Senior Executives in Supply Chains
Abstract
This chapter provides a fresh outlook for supply chain optimization by advocating the involvement of boards and top-teams that are uniquely positioned to address a confluence of three strategic responsibilities of a firm: scope and significance; people and culture; and measures and metrics. It provides a holistic corporate context and grapples with tougher issues often deferred or stalled as other initiatives or crises grab corporate attention. This chapter introduces his frameworks and guidelines and selective examples of success and failure in implementation. This chapter assigns primary responsibility for supply chain strategy senior executives. It observes these areas as gradually becoming too operationalized, even commoditized, with local efficiencies emphasized at the cost of gradual overall ineffectiveness. It also dispels six myths that have taken root over time, highlighting their impact and substituting these with today's realities. To make this work more practical, this chapter shares first-hand examples of supply chain practices.
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