Month: June 2016

Paving the Way for Digital Transformation | Sherpas in Blue Shirts

How a CIO helped maximize a legacy business while helping create an innovative new business.

In my previous blog post, I began telling the story of a CIO’s role in the business transformation of H. D. Smith to expand its core business of pharmaceutical products distribution to include innovative, integrated technology-enabled services. The leadership team had a vision of where they wanted the business to go. But they also recognized that the pharmaceutical distribution world was beginning to head into a digital future and, if they wanted to participate in that growth, they would have to invest in the fundamentals to get there. Given the firm’s underinvested legacy IT environment at the time its digital journey began, a successful transformation was a daunting task.

I spoke with CIO David Guzmán about strategies deployed and steps taken in this business transformation. As I explained in my previous blog, the first step was a necessary mindset change. Next came three major foundational building blocks to create the potential for innovation.

Read more at CIO online.

On Point | Summit Series — July 21, 2016 | Events

request to attend dk blue

 

 

The opportunity and need for strategic sourcing to be more “strategic” has never been greater. Whether it be automation, cloud, analytics, or other levers — outsourcing solutions can add dramatically more and different value. Strategic sourcing executives must now help their organizations successfully unlock these new sources of value.

Join us for a lively exchange of learnings from leading outsourcing practitioners.

Your event hosts:

  • Eric Simonson – Managing Partner, Research, Everest Group
  • Jimit Arora – Partner and Leader of IT Services, Everest Group
  • Sarthak Brahma – VP, Pricing Assurance, Research, Everest Group

Guest speaker:

  • Rod Bourgeois – Head of Research and Consulting, DeepDive Equity Research

Learn more and request to attend

Breaking Through the Uncertainties in a Digital Transformation | Sherpas in Blue Shirts

How a company transformed from a product supplier to a leader in innovative services.

A strategic business change is extremely disruptive, not only to employees but also to partners and customers. It’s even more challenging when the starting point is an underinvested IT environment mostly just surviving in maintenance mode compared to the future-state goal to be a company providing technology-enabled innovative services. That kind of situation has me thinking about what happened at H. D. Smith.

Based in Springfield, Ill., the company had been a pharmaceutical distributor since its founding in 1954; but a few years ago, the Smith family decided to branch out beyond their traditional business. They wanted to supply not only healthcare products but also technology-enabled services and business solutions integrated around the products. It fit with their strategic intent of controlling healthcare costs, safety and quality while maximizing patient outcomes. They could see the that the digital world was beginning to transform business and present new opportunities – or threats to businesses not moving to digital technologies.

Read more at CIO online

 

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