Supply Chain Management (SCM) serves as the backbone of Singapore's economy and a critical success factor for businesses operating within its borders. Overseeing the journey of goods and services from inception to delivery, SCM plays a pivotal role in the efficient, timely, and cost-effective movement of products.

In the digital economy era, traditional supply chain models must evolve to keep pace with the dynamic landscape. The SCM is currently shaped by pivotal trends such as innovation, automation, digital transformation, and an increasing focus on green logistics. These trends are fuelling a shift from traditional methods towards more efficient, adaptable, and transparent supply chain operations, positioning SCM at the forefront of industry 4.0.

This comprehensive guide delves into the transformative trends of SCM, including digitalisation, increased resiliency, and sustainability. We also explore how these changes affect job roles within SCM, examining emerging opportunities and highlighting necessary skills for professionals.

Digitalisation

Digital transformation is a game-changer in the realm of supply chain, enhancing their agility and efficiency substantially. Automation technology, for instance, streamlines repetitive tasks, allowing employees to focus on more complex, value-added roles. Meanwhile, analytics, machine learning and connectivity innovations are enhancing end-to-end supply chain visibility, aiding in risk management and resource optimisation.

Additionally, improvements in traceability, due to these digital advancements, enhance quality control and foster stronger customer trust. With increasing digitalisation, there is a growing need for data-centric professionals and skills such as big data analytics.

Resilient & Agile Supply Chain

Global supply chains have faced significant disruptions, such as the pandemic-led lockdowns that triggered panic buying and a worldwide chip shortage. These challenges underscored the need for resilient supply chains capable of withstanding crisis situations.

Companies that successfully navigated these disruptions are focusing on strengthening their supply chains. Measures include diversifying sourcing strategies, decentralising and localising their supply chains, and enhancing their business continuity planning (BCP). This new landscape demands supply chain professionals to be equipped with agility, foresight, and adaptability, in order to minimise disruptions to services and goods provision.

Green Supply Chain

Businesses are increasingly prioritising sustainable supply chains, driven by stricter regulations and heightened eco-awareness among consumers. This has led to corporations setting sustainability targets specifically for supply chain management. This focus is driving the supply chain stakeholders to implement sustainable practices such as ethical sourcing and procurement, and prioritising partners that adhere to sustainable and fair trade standards. Furthermore, companies are also exploring the concepts of reverse logistics and circular economy, fostering a system where waste is minimised and materials are reused or recycled, thereby creating a closed-loop supply chain.

To meet this growing demand for eco-friendly business practices, companies are defining sustainability goals, prompting a potential shift in focus towards reskilling existing workers and recruiting supply chain professionals with expertise in sustainability.

As the supply chain management navigates emerging trends and challenges, job responsibilities within the supply chain functions are set to see significant shifts.

Medium Impact on Roles in the Supply Chain Management

Medium-impact roles are experiencing a moderate overhaul due to technology advancements and the influence of megatrends. 12 out of the 38 SCM job roles across the five key functional areas studied – planning, procurement & sourcing, manufacturing, distribution & logistics, and enablers are projected to face medium impact disruption to their key tasks in the near future, which will necessitate job redesign.

This redesign facilitates a shift away from routine manual tasks, allowing professionals to embrace more value-added responsibilities within their job scope. This transition aids in enhancing productivity, efficiency, and innovation in the supply chain processes. To meet these evolving requirements, individuals in such roles must undertake moderate upskilling or reskilling to stay relevant in the supply chain functions.

Medium impact jobs in the supply chain management  that requires moderate redesign

As the supply chain management evolves with digitalisation and sustainability trends, new career paths are emerging. We delved into three exciting roles: the Customer Insight Analyst, Transformation Lead, and Integrated Business Planner. These roles reflect a shift in supply chain management, focusing on data insights, transformation strategies, and integrated business planning.

• Customer Insight Analyst: A Customer Insight Analyst (CIA) in the supply chain management is a critical role that blends business acumen with robust analytical skills to deliver creative, value-based solutions. They are responsible for understanding customer feedback, developing strategic proposals, driving programmes, and conducting deep-dives into data for impactful insights. A CIA must be adept at data analytics, visualisation, programming and data mining.


• A Transformation Lead (TL): A Transformation Lead (TL) in the supply chain management spearheads and ensures seamless execution of transformation initiatives. Responsibilities include developing an integrated stakeholder transformation plan, aligning expectations, managing resources, and identifying and managing risks for seamless programme delivery. They should have a firm understanding of Lean principles, Industry 4.0 technologies and design thinking.


• Integrated Business Planner: The Integrated Business Planning Planner is responsible for orchestrating plan alignment across various functions to meet organisational commitments. Key tasks involve developing comprehensive plans to optimise production and minimise cost, aligning operating plans, mentoring stakeholders towards a unified direction, and planning for risks and opportunities. The role demands data analytics skills, familiarity with planning software, and a broad understanding of operational, supply-chain, financial, and marketplace concepts.

Digital Transformation

As technology continues to reshape the supply chain landscape, professionals must demonstrate mastery of various digital tools. Key skills include:

• Big data analytics
• Workflow digitalisation
• Fluency in using digital tools
• Data collection and analysis
• Data storytelling and visualisation
• Digital Analytics System Design
  
  

Building Resilience and Agility

To build resilience and agility, professionals must be adept at business continuity planning and market risk management, to ensure preparedness and adaptability in the face of disruption. Key skills include:

• Data collection and analysis
• Business continuity planning
• Market risk management
  
  

Sustainability

Meanwhile, the push for sustainability is leading to a greater need for skills. Key skills include:

• Carbon footprint management
• Environmental protection management
• Green manufacturing design & implementation

The Supply Chain Management Skills Plan

The Supply Chain Management (SCM) Skills Plan is a one-stop reference document for SCM stakeholders to learn about the trends impacting SCM, the key tasks and skills required for SCM job roles in the Planning, Sourcing & Procurement (S&P) functions and reskilling support. It is an extension of the SCM Jobs Transformation Map launched on 10 July 2023. Download the SCM Skills Plan now.