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Talent, Leadership and Transformation

SCM Talk Show Season 5 Episode 4

SCM Talk Show

Dates – 21st September 2024

Time – 4 PM to 5 PM (India Standard Time)

Platform – Microsoft teams

Hosted by Mr. Ravindra Tulsyan (mentor & Founder of KnoWerX Education)

Guest Speaker: Lt Colonel Vijay Nair, Veteran (Director) Oraculi & Dux

Talent acquisition and retention are crucial in today’s supply chain landscape for several reasons, and technology plays a significant role in shaping these dynamics. Here’s a detailed look into each aspect:

Importance of Talent Acquisition and Retention

  1. Complexity and Demand: Modern supply chains are increasingly complex due to global sourcing, just-in-time inventory systems, and the need for rapid response to market changes. Skilled professionals are required to manage these complexities effectively.
  2. Competitive Advantage: Organizations with a talented workforce can outperform their competitors through better decision-making, more efficient operations, and innovative solutions. Retaining top talent ensures that companies maintain this competitive edge.
  3. Customer Expectations: With rising customer expectations for faster delivery times and higher service levels, having a dedicated and skilled team is essential for meeting these demands consistently.

Role of Technology in Transforming Supply Chain Jobs

  1. Artificial Intelligence (AI):
    • Predictive Analytics: AI can analyse large datasets to forecast demand, optimize inventory levels, and identify potential disruptions before they impact the supply chain.
    • Process Automation: AI-driven tools automate routine tasks such as order processing, inventory management, and supplier selection, allowing human workers to focus on more strategic roles.
  2. Automation:
    • Warehouse Robotics: Automation technologies, like robotic systems, streamline warehouse operations by handling tasks such as sorting, packing, and transporting goods. This reduces the need for manual labour and increases accuracy and speed.
    • Supply Chain Software: Automation in software systems helps with real-time tracking, inventory management, and logistics planning, ensuring smoother and more efficient operations.

Attracting Talent for Blue-Collar Roles in Remote Areas

  1. Competitive Compensation and Benefits:
    • Fair Wages: Offering competitive wages and benefits is crucial for attracting talent, especially in remote areas where job options may be limited.
    • Incentives: Providing additional incentives such as bonuses, relocation assistance, and housing allowances can make positions more attractive.
  2. Career Development Opportunities:
    • Training Programs: Invest in training and development programs to enhance skills and offer career progression opportunities. This not only attracts talent but also aids in retaining employees.
    • Clear Career Pathways: Show potential employees how they can advance within the company and build a career, even if they start in a blue-collar role.

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