ISMM maps future strategy

The Institute of Supply and Materials Management (ISMM) mapped its future direction in supply chain education at a workshop recently in Colombo. The five-year strategic plan will cater to the changing dynamics in the supply chain environment.

The workshop was conducted by the Strategic Planning, Finance and Market Development (SPF&MD) sub-committee headed by Vice President, ISMM, Gayani de Alwis.

Supply chain management has become one of the most powerful engines of business transformation globally. However, the concept of supply chain management is not understood properly locally. This is clearly evident in almost all local supply chains.

Agriculture supply chains for instance are mostly impacted in Sri Lanka where post-harvest losses account to almost 40%, impacting food security. On the other hand, global supply chains are more risky than domestic supply chains due to numerous links interconnecting a wide network of firms.