The Chartered Institute of Supply Chain Management (CISCM) has called for the application of an integrated supply chain management across all sectors of the economy to create value and promote the needed growth.
Mr Richard Asante Amoah, the Lead Executive of the Institute, says the integrated supply chain management can be used to reengineer leadership to maximise resources for optimal gains and cut wastage.
Speaking during a presentation of the First Half Business Scan, organised by the CISCM on Tuesday, Mr Amoah touted the importance of an optimal mindset to incorporate the principles and methods of supply chain into everyday's work.
The integrated supply chain management, also known as the applied supply chain
management, had a principle called the principle of the remote source and the absolute value.
"The remote source is that anything you do, you are looking at the effect to the barest minimum. On the value side, you want to attain the most value to help us curb a lot of waste in the system" he said.
"... And this brings us back into leadership where leaders ensure the right things are done in a direction that has been identified by all."
Mr Amoah said the call for an integrated approach was to encourage people, leaders and authorities not to do things in isolation but collaborate in all activities to create a better value.
"Currently, if you talk about Ghana, the chief integrated supply chain manager is the President because he coordinates all institutions that are under him to make sure they attain value."
Some of the key areas where leaders could employ integrated supply chain management include sourcing, procurement and acquisition; transport, freight and ancillary, and supply chain financing.
Others are human capital, technological transformations, projects, leadership and governance, planning, strategies, and policies.
Mr Richard Obeng Okrah, the President, Chartered Institute of Supply Chain Management, said those key areas could positively impact the country's growth if Ghana had the right leadership - not political leadership - across all sectors.
We are talking about corporate leadership. Even in our households, we the parents are the leaders, and we need to address the role that we have to play to ensure that we bring up our children with the right sense of discipline," he noted.
Mr Okrah urged the government to make available the financial resources for specific projects, being the backbone of every developmental agenda.
"Financial resources are enterprise resources, they drive everything that needs to be achieved, the area of supply chain management will not be effective if we don't make available the necessary resources," he added.