We rely more and more on the global supply chain to meet our daily demands as a global society, and it's also very important for us. However, current global problems have revealed the flaws and contradictions in this intricate structure, necessitating radical change. A comprehensive strategy is needed to address these problems, especially in terms of risk analysis and stakeholder trust-building.
Asit Kumar Sahoo, an esteemed expert in Product Management, has been instrumental in transforming the supply chain through innovative approaches in production. With a strong emphasis on data-driven strategies, his expertise has significantly impacted the field of supply chain management. Sahoo has devoted more than 10 years of his professional life to changing the business, identifying areas that require improvement, and outlining prospective solutions in Technology across US, APAC & European markets.
Sahoo has successfully led the deployment of a 360-degree risk assessment approach in the US that evaluates company risks by computing a weighted score based on a number of different parameters. It gets more predictive and adaptive to the constantly changing business environment by employing machine learning and training the model on various organizations and industries. This strategy makes it easier for suppliers and vendors to get started, and it also assures ongoing monitoring to improve operational resilience across the supply chain.
Sahoo also underlines the use of real-time data in determining the legitimacy of companies and enhancing confidence in international supply chains. Among the data sources he suggests using are eCommerce, payroll, payments, commercial real estate, telecommunications, and more. He also suggests using a "business credibility score" that is produced from these data sources. Real-time data can provide a more accurate picture of a company's current business health and future prospects than trailing financial statements or conventional evaluations.
Risk evaluation and company credibility evaluation, however, only make up a portion of the solution. Transparency and accountability must be given top priority if global supply chains are to be genuinely formatted and stakeholder confidence are to be increased. Sahoo is an advocate for the use of reliable traceability systems that monitor the flow of materials and commodities across the supply chain. These traceability solutions improve trust, efficiency, and effectiveness throughout the global supply chain by enabling insight into the origin, transportation, and handling of commodities.
With his creative leadership, prowess in predictive analytics, and commitment to quality, he is making a lasting impact on the sector. Asit Kumar Sahoo is a pathfinder who encourages change and helps businesses navigate the complexities of the modern digital environment with assurance and success.
Sahoo has assumed substantial responsibilities as an impartial jury member as well as a judge at several global award ceremonies because he understands how important it is to encourage innovation and recognize quality. He also serves as a judge for the CEO World Awards, Women World Awards, and Business Excellence Awards, in addition to being a jury member for the Globee Awards. In addition to demonstrating his skill set, these positions additionally provide him with the chance to recognize and celebrate brilliance across an array of industries.
Asit Kumar Sahoo is committed to revolutionizing the supply chain and product management industries through a data-driven approach. His expertise in product management, combined with a dedication to data-driven technology, risk analysis, and transparency, paves the way for a supply chain and product management system that can easily and successfully satisfy the demands of our society while navigating the obstacles of the current century. Asit Kumar Sahoo's lasting impression on the supply chain and product management sectors redefines the industries' future and brings about an unprecedented period of effectiveness, openness, and trust.
