Envisioned Supply Chain Leadership Future

The chapter starts with a discussion on risks that can happen when attempting to forecast future conditions. Next, forecasting methods and forecasting event types are considered, along with a recommended closed-loop forecast development process. Forecasts that are made and that turn out to be very wrong can be quite costly. Deference can be minimised in two main ways. Firstly, bosses need to have sufficient self-confidence to be able to listen to others and they should actively encourage inputs from others. Secondly, subordinates, without being disrespectful, can be more assertive in finding their voices and having their views and opinions heard. The future SC recognises the full range of stakeholders associated with its operations including customers, suppliers, service providers, communities, NGAs, governments, industry bodies, and shareholders. The SC's technological future is shaped by a relevant and appropriate SC strategy, an innovative SC design, SC people excellence, competent product and service development, and the adoption of modern but proven process technologies.