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About Supply Chain 2.0 Managing Supply Chains in The Era of Turbulence
This article discusses how traditional supply chain management models focused on control and reducing variability are unsuited for today's environment of increased turbulence. The authors analyzed a Supply Chain Volatility Index and found that current practices assume stability that no longer exists. They argue a new approach called "Supply Chain 2.0" is needed that embraces volatility through structural flexibility built into supply chain design, rather than trying to control it. Guidelines are provided for managing supply chains in this new era through understanding volatility, seeing it as an opportunity, and shifting risk exposure through hedges in the supply chain structure.
Detailed Information
| Author: | ['Sam'] |
|---|---|
| Publication Year: | 2017 |
| Pages: | 34 |
| Language: | English |
| Format: | |
| Price: | FREE |
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