Innovation never stops. But the new normal created by COVID-19 gives us a chance to pause, reflect and get excited about the possibilities ahead of us. So we asked top Supply Chain innovators from major brands one question: What’s happening in Supply Chain right now that you’re most excited about? With that insight and our own market research, we were able to identify the top innovation trends in Supply Chain and have put-together this assessment for you to quickly discover where you are and where you want to go in your own journey of Supply Chain Innovation.
How we assess Supply Chain Innovation
How do we calculate our assessment scores?
The assessment is pretty quick. Any stakeholder can complete it in about 15-30 minutes. It results in a visual representation showing how your Innovation Program sits in comparison to Supply Chain industry benchmarks. When multiple individuals in your organization complete the assessment, it calibrates a mutual understanding among their Innovation Program departments as well as other internal stakeholders. Our Maturity Scale (1 to 10) is explained below.
- Just realized – Process not in place, however, there is a realization of the need.
- Initial (chaotic, ad hoc, individual heroics) – The starting point for use of a new or undocumented repeat process.
- Repeatable – The process is at least documented sufficiently such that repeating the same steps may be attempted.
- Defined – The process is defined/confirmed as a standard business process.
- Capable – The process is quantitatively managed in accordance with agreed-upon metrics.
- Efficient – Process management includes deliberate process optimization/improvement.
- Innovator – Started challenging status-quo and incremental innovation started at the edges.
- Disruptor – The tangible impact of the innovation has been proven, started institutionalizing sustainability.
- Market leader – You are nailing it.
- World-class – The true north of all.
And the final Report is:
** Blue bar represents Innovation Minds benchmark baselined from 25+ companies we worked with, and the black line represents where you may stand.