Authored by Patrick Gallagher and Tim Gaus
Chief supply chain officers today
Traditionally, the role of a chief supply chain officer (CSCO) was to ensure the efficiency and effectiveness of an organization’s day-to-day operations. Given current complexities in the business landscape such as disruptive technologies, interconnected supply chains, changing economic headwinds and increasing customer expectations, the CSCO’s mandate is growing rapidly.
To meet today’s business challenges, chief supply chain officers must achieve their long-established responsibilities while also serving as strategic thought leaders, champions of large-scale transformations, managers of key internal and external relationships and arbiters of supply chain and business continuity.
CSCO outlook: Focus areas and priorities
We met with several of Deloitte’s senior leaders to learn about their experiences navigating the requirements and pressures of the current business environment. Based on our discussions, we’ve identified three broad focus areas facing today’s chief supply chain officers.
Reimagining supply chain collaboration
As we analyzed the focus areas, nine priorities for CSCOs became clear. See figure 1 for details.
Figure 1: Top CSCO priorities
The nine priorities carry varying degrees of CSCO share of mind and financial impact for different organizations. See figure 2 for a representative 3×3 graph, which will of course vary by organization within an industry and across different industries.
Figure 2: Mindshare vs. financial impact of CSCO priorities
New priorities, new opportunities
The increased, expanded responsibilities of CSCOs provide new options and opportunities to influence critical business decisions for their organizations. Below are expanded descriptions of each of the nine CSCO priorities we have identified.
A forward approach for CSCO success
Chief supply chain officers are uniquely positioned in today’s complex business environment to steer their organizations toward sustained competitiveness. To succeed, they must balance traditional CSCO responsibilities while embracing strategic planning and innovation. This includes:
By adopting these strategies, CSCOs can transform their supply chains into resilient, efficient and agile networks that not only withstand the complexities of the modern business environment, but also drive organizational success and competitive advantage.