2016 is approaching. It's a good time to think about New Year's resolution. It's one thing to pledge but the hardest part is uphold it. You could argue that resolutions may be overrated, the idea of working towards goals for the upcoming year, especially as a Supply Chain professional is something we would like to encourage. In order to avoid the same fate as last year, consider these five ideas for your supply chain management efforts.

5 ideas for Supply Chain-related New Year's Resolutions:

1. Supply Chain Collaboration through Business Networks

An open business network truly drives supply chain partners into collaboration, finding new ways to drive your business and implement new processes they were unable to do without the network (to meet and exceed expectations). Not into a zero sum game where one’s gain is someone else’s loss but in a community where we all advance together to a higher level of performance. Read more...

2. Innovation & Disruption

Most companies will not change the business model that made them successful and generate their revenues and profits. This is why disruption generally comes from outsiders that see that things must be done differently. Disruption is probably the most over used business word of 2015. Read more...

3. Collaboration with customers

If you involve your business partner in an early stage you will not only get important feedback in the beginning of the project, but you can also use it to create trust and goodwill from the customer. Read more...

4. Internet of Things

It is easy to sum up how all available technologies help us benefit our daily life and how it all interacts together. The jump to supply chain execution and management is again made easy with the story above of course. Read more...

5. Supply Chain Finance

Buyers can free up a proportion of their Working Capital by including few big suppliers in Reverse Factoring schemes and use the freed up capital for Dynamic Discounting towards smaller suppliers who are probably more in the need of capital in the first place. Read more...