Publication Date:
Topics: Emerging Leaders, Strategy, Trends and Innovation
“Understanding and Valuing the Impact of Agility in Your Supply Chain”
Providing Guidance to Develop Agility and Respond to Unexpected Events
A White Paper by the University of Tennessee Global Supply Chain Institute
What’s Inside
Supply chain issues mean disruption for both consumers and companies. Supply chain disruption results in irritated customers and frustrated organizations. The solution: supply chain agility.
If you’ve followed the news or shopped, even casually, for cars, home renovation supplies, or baby formula, over the last few years, you’ve likely experienced supply chain shake-ups personally. And you know they’re unlikely to go away any time soon. So as a supply chain leader, how can you successfully pivot to an agile and profitable supply chain strategy?
Many supply chain leaders react to supply chain issues, fearful of the losses that may come from change. But supply chain agility breaks this pattern, enabling companies to maintain a managed response to change focused on capturing opportunities.
This white paper presents research by its authors about the benefits of investing in supply chain agility, which will increase company profits over the long term, and provide flexibility to continue operations during both adverse conditions and adventurous situational opportunities. Some best practices that supply chain leaders can adopt include:
Upon download, you’ll find even more information, including:
A preview from this white paper:
“When the COVID-19 pandemic struck, producers of personal hygiene products scrambled to keep up with demand. The problem for many companies was finding additional capacity. One supply chain executive we spoke to illustrated the point. According to internal projections, his company could have sold 400% more personal hygiene products over the first six months of the pandemic. But years of cost-cutting had eliminated any slack capacity and alienated suppliers. Those sales—and the customers behind them—went instead to competitors that had invested in flexible equipment and built long-term relationships with key supply chain partners.
This executive’s experience is not unique. Despite the considerable costs associated with disruptions, many companies have no process for reviewing investments in supply chain agility that would allow them to respond to unforeseen events…”
Benefit as a supply chain leader by giving this paper a deeper read.
Download now to start working towards a more agile, and profitable supply chain strategy.
Who This is Primarily For: Corporate CEOs, Supply Chain Professionals, Procurement Executives, Chief Supply Chain Officers, Chief Procurement Officers, Supply Chain Leaders, and Supply Chain Students.