January 2023
Intermediate to advanced
250 pages
11h 7m
English
Content preview from Logistics and Supply Chain Management, 6th Edition
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Why are supply chains more vulnerable?
A study conducted by Cranfield University3 for the UK government defines supply chain vulnerability as:
an exposure to serious disturbance, arising from risks within the supply chain as well as risks external to the supply chain.
The same study identified a number of reasons why modern supply chains have become more vulnerable.
These factors are considered below in more depth.
A focus on efficiency rather than effectiveness
The prevailing business model of the closing decades of the twentieth century was very much based upon the search for greater levels of efficiency in the supply chain. Experience highlighted that there was an opportunity in many sectors of industry to take out significant cost by focusing ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.