Andrea Charman, Executive Director, CTS Inc, New York, NY 10017, 212 661 5682, Andreacharman@ctsus.com
Abstract. The revolution has taken place. The 'virtuous circle' of technological innovation and creative application is the catalyst of new business models. E-procurement, therefore, is beyond cost savings. VSCs, virtual supply chains, are changing relationships between procurers and suppliers, partners and competitors, as well as internal enterprise relationships and the way goods are produced. As a result, firmly anchored in the challenges of the knowledge economy, savvy supply chain professionals must continually assess and develop core competencies through a web-enabled lens that produces these new business models and revolutionary processes to replace those of the obsolete industrial economy model. Against this background and through tangible examples, this session explores the challenge, the competencies and the critical success factors to keep ahead.
The Approach. This session will move from the broad business model challenge that the web environment has initiated and its consequences, through specific e-procurement challenges and supply-chain-relevant examples, towards an assessment of core competencies and critical issues for practitioners.
Objectives. The session objectives are progressive. First, to create an overall awareness of the issues that continuous business transformation and the emergence of new business models poses for business in general and supply chain professionals in particular. Second, to propose key emerging principles that point to the direction of a web-centered supply chain and its consequences and critical issues for practitioners. Tangible examples will support this. Third, to propose that the global connectivity of the digital world does not 'neutralize' the arena but rather heightens the need for global literacy expressed in a set of core competencies, the 'net effect' of the dynamism of the knowledge economy. Echoing Covisint — connectivity, communication, visibility, vision, integration, international — is just the beginning.