(Solution) CIPS ADNOC APGCM innovative measures to improve the supply chain
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Description
Based on your previous answers assess innovative measuresto improve the supply chain (when
thinking about categories and category management)
Solution
Digital Transformation and Advanced Technologies
ADNOC which is a leading energy company is embracing digital transformation to revolutionize its supply chain management (see the following illustration);
Figure 11:ADNOC Modernisation of operations
Source: ADNOC Internal documents
A major innovation being undertaken is the adoption of blockchain technology to enhance transparency and traceability across the supply chain. Blockchain provides a secure and immutable ledger of transactions ensuring data integrity, reducing fraud, and improving compliance with regulatory standards (Smith, 2023). The Internet Of Things (IoT) is being integrated into the supply chain to provide real-time monitoring and data collection. IoT devices and sensors track the condition and location of goods, monitor equipment performance, and provide maintenance alerts thereby improving operational efficiency, reducing downtime, and ensuring the timely delivery of materials.
Strategic Supplier Relationships and Collaboration
ADNOC is also strengthening its supply chain by enhancing strategic supplier relationships and enhancing collaboration through the implementation of supplier collaboration platforms that allow for real-time information sharing, joint problem-solving, and innovation. Through the development of closer relationships with key suppliers, ADNOC can drive innovation improve service levels, and respond more swiftly to market changes (Smith, 2023). These programs include training, technical support, and capacity-building initiatives, enabling suppliers to meet higher standards and contribute more effectively to the supply chain.
Sustainability and Ethical Sourcing
ADNOC is adopting green procurement practices from suppliers who adhere to environmental and social standards, using eco-friendly materials, and reducing the carbon footprint of its supply chain (Smith,2023). By focusing on sustainability, ADNOC meets regulatory requirements and enhances its corporate reputation thereby appealing to socially conscious investors. Ensuring that suppliers comply with ethical practices and fair-trade practices is a priority. This involves conducting regular supplier audits, enforcing strict codes of conduct, and promoting fair labor practices.
Advanced Risk Management
To ensure supply chain resilience, ADNOC is implementing advanced risk management tools including risk management tools that leverage analytics to identify and mitigate potential risks in the supply chain (Smith,2023). These tools analyze data on geopolitical events, economic shifts, and natural disasters providing early warnings and recommending mitigation strategies. Proactive risk management ensures that ADNOC’s supply chain can withstand disruptions and maintain continuity.
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- In summary, this assessment, has focused on evaluating the process of leading a project team for implementing a new category management.
- For achieving this, British American Tobacco (BAT) in Malaysia has been used as an organisation of interest.
- The selected category of spend is technology and particularly the procurement of high speed machines for meeting the market demand. The rationale of this is that as an international organisation, BAT organisation engages both local and international suppliers in sourcing of technology.
- Considering this high demand, there has been challenges which sustainability of their sourcing approach. Therefore, BAT has been prompted to invest in a system which is modernised for ensuring modernisation of the procurement and supply process in BAT.
- For the Procurement and Supply Management (PS&M) tasked with the responsibility of procuring the technology system tend to take part in learning and development strategies, improving the suppliers relations, increasing alternation of the suppliers relations, high-level inclusion of stakeholders and to transform technology.