The document discusses three aspects of supply chain agility: agility, adaptability, and alignment. Agility involves promoting information flow, developing collaborative supplier relationships, designing for postponed manufacturing, maintaining logistics systems and buffer inventories. Adaptability is adjusting to market changes by monitoring new suppliers, focusing on end customers, developing flexible designs, and determining product lifecycles. Alignment creates incentives for performance by defining roles, sharing information openly, and equitably distributing risks and rewards of improvement efforts.
The document discusses three aspects of supply chain agility: agility, adaptability, and alignment. Agility involves promoting information flow, developing collaborative supplier relationships, designing for postponed manufacturing, maintaining logistics systems and buffer inventories. Adaptability is adjusting to market changes by monitoring new suppliers, focusing on end customers, developing flexible designs, and determining product lifecycles. Alignment creates incentives for performance by defining roles, sharing information openly, and equitably distributing risks and rewards of improvement efforts.
The document discusses three aspects of supply chain agility: agility, adaptability, and alignment. Agility involves promoting information flow, developing collaborative supplier relationships, designing for postponed manufacturing, maintaining logistics systems and buffer inventories. Adaptability is adjusting to market changes by monitoring new suppliers, focusing on end customers, developing flexible designs, and determining product lifecycles. Alignment creates incentives for performance by defining roles, sharing information openly, and equitably distributing risks and rewards of improvement efforts.
AGILITY IS RESPONDING TO SHORT TERM CHANGES IN DEMAND AND SUPPLY
1. PROMOTE FLOW OF INFORMATION WITH SUPPLIERS & CUSTOMERS
2. DEVELOP COLLABARTIVE RELATIONSHIP WITH SUPPLIERS 3. DESIGN FOR POSTPONMENT 4. HAVE A DEPENDABLE LOGISTICS SYSTEM 5. DRAW CONTINGENCY PLANS & CREATE CRISIS MANAGEMENT TEAMS 6. CREATE BUFFER INVENTORY FOR INEXPENSIVE STOCKS
ADAPTABILITY IS ADJUSTING TO MARKET STRUCTURE CHANGES. Modify the supply chain network to strategy
1. Monitor all spots for new supply bases
2. Focusing on ultimate customers not immediate customers 3. Use intermediaries to develop fresh suppliers 4. Create flexible product design 5. Determine where your products stand in plc & technology lifecycle.
Alignment is creating incentives for better performance.
1. Lay down role tasks and responsivities for better performance
2. Exchange information & knowledge freely with vendors & customers 3. Equitably share risks costs & gain of improvement initiatives