Newsroom

Supply Chain News

The Latest

Digital Disruptions – Requires Simultaneous Transformation and Reinvention

MINNEAPOLIS, MN – Two hundred supply chain experts have taken their seats to listen to Dr. James A. Tompkins begin his keynote speech at the 2016 Tompkins International Supply Chain Leadership Forum.  Dr. James A. Tompkins, CEO, Tompkins International, is addressing the digital transformation and reinvention occurring today in his presentation:  Digital Disruptions – Requires…

MINNEAPOLIS, MN – Two hundred supply chain experts have taken their seats to listen to Dr. James A. Tompkins begin his keynote speech at the 2016 Tompkins International Supply Chain Leadership Forum.  Dr. James A. Tompkins, CEO, Tompkins International, is addressing the digital transformation and reinvention occurring today in his presentation:  Digital Disruptions – Requires Simultaneous Transformation and Reinvention.

The Digital economy is rapidly changing the way business is done.  Today, the business world is more complex than it has ever been.  Adaptation to the marketplace is required in order to be successful.  Therefore, companies cannot be successful in the digital world with yesterday’s practices and technology.

Dr. Tompkins suggests a company’s survival hinges on moving from a physical to a digital supply chain.  Being Digital is the ability to market, sell, and serve through digital means.  Digital encompasses the entire product and service lifecycle, and impacts all trading partners of global supply chains.

Pew Research Center recently shared information on the new digital economy stating, “72% of Americans have used some type of shared or on-demand online service.  A number of new commercial online services have emerged in recent years, each promising to reshape some aspect of the way Americans go about their lives.  Some of these services offer on-demand access to goods or services with the click of a mouse or swipe of a smartphone app.”

A business strategy for the digital age requires understanding the impacts the supply chain has on a costumer’s journey and interaction.  To make sure costumers have a good digital experience the following must be available, real-time inventory, personalized search results, personalized product recommendations, and product reviews.  Customers should have a seamless brand experience.

When advancing from physical supply chains to digital supply chains, companies need to not focus on a digital strategy, but rather on a business strategy for the digital age.  A business strategy for the digital age requires that both a customer’s journey and their interactions with a company are understood.

Stated by Dr. Tompkins, “to perform well in the digital supply chain, companies must offer uni-channel inventory deployment along with quick and low cost delivery to all customers.  Supply chains now require simultaneous transformation and reinvention to respond to today’s disruptions.”  Steps must be taken right away or companies risk falling behind their competition. 

About Tompkins International 

Tompkins International is a supply chain consulting and implementation firm that maximizes supply chain performance and value creation. We enable clients to be more profitable and valuable, while also becoming more agile, flexible, and adaptive to the marketplace. Tompkins collaborates with client teams to develop improved operations strategies, supply chain planning, and execution across all the Mega Processes of supply chains (PLAN-BUY-MAKE-MOVE-DISTRIBUTE-SELL). Tompkins is headquartered in Raleigh, NC and has offices throughout North America and in Europe and Asia.

CONTACT: Andrea Epsteinaepstein@tompkinsinc.com

Twitter: @jimtompkins
LinkedIn
Creating Supply Chain Excellence Blog

Press Release

Digital Disruptions – Requires Simultaneous Transformation and Reinvention

MINNEAPOLIS, MN – Two hundred supply chain experts have taken their seats to listen to Dr. James A. Tompkins begin his keynote speech at the 2016 Tompkins International Supply Chain Leadership Forum.  Dr. James A. Tompkins, CEO, Tompkins International, is addressing the digital transformation and reinvention occurring today in his presentation:  Digital Disruptions – Requires…

Press Release

Tompkins International Recognized By SupplyChainBrain

SupplyChainBrain has released their 2016 Great Supply Chain Partner list which includes Tompkins International.

Press Release

Top Tips for Product Naming Success Whitepaper

Read Tompkins International’s newest white paper Top Tips for Product Naming Success written by M. Scott Moon, PMP, Principal, Tompkins International. Moon’s paper discusses the factors that should be considered in the naming of a product, put in context to the item master, and the many factors that should be considered in describing an item.

Articles

Cross Border Commerce With China Takes Great Leap Forward

Why brands and retailers should act now on Chinese Cross Border Commerce

Press Release

Michael Zakkour’s Book China’s Super Consumers was Recently Named as a Top Four “Must Read”

Michael A. Zakkour is the Vice President and China/Asia Pacific Practice Leader for Tompkins International. He has more than 20 years of experience in international market strategy and consulting, primarily in China and Asia with additional experience in Europe and the Middle East.

Press Release

Market Guide for Supply Chain Strategy & Operations Consulting

Gartner recently released their Market Guide for Supply Chain Strategy & Operations Consulting report. The report discusses supply chain strategy consulting services by specialist, Michael Dominy, Dana Stiffler, and Greg Aimi. The Market Guide was created for guidance when a company is searching for a supply chain strategy or operations consulting firm.

Press Release

Supply Chain Strategy 2016

Now that holiday 2015 is behind us companies need to reflect back on 2015 and determine their supply chain strategy for holiday 2016 and beyond.

Articles

A Strong Leader Can Overcome Choice Overload

James A. Tompkins, Ph.D.
CEO, Tompkins International

Press Release

The Titans: Alibaba, Amazon, and Walmart

On November 4, 2015, Jim Tompkins, CEO, Tompkins International, newest thought leadership video The Titans: Alibaba, Amazon, and Walmart: Game Changing Strategies: Time For You To Respond will be released. Jim Tompkins continues to shape and grow the supply chain industry through innovative ideas, insight, and intelligence.

In The Media

OVERCOMING CHOICE OVERLOAD – The New Realty of Supply Chain

SAN ANTONIO, TX – Two hundred supply chain experts have taken their seats to listen to Dr. James A Tompkins begin his keynote speech at the 2015 Tompkins Supply Chain Leadership Forum. Jim Tompkins, CEO, Tompkins International has begun to address the new reality of supply chain, Overcoming Choice Overload.