January 2023
Intermediate to advanced
250 pages
11h 7m
English
Content preview from Logistics and Supply Chain Management, 6th Edition
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Achieving supply chain resilience
Because even the best-managed supply chains will hit unexpected turbulence or be impacted by events that are impossible to forecast, it is critical that resilience be built into them. Resilience implies the ability of a system to return to its original or desired state after being disturbed.5 Resilient processes are flexible and agile and are able to change quickly. In this latter respect it is important to realise that velocity alone is not enough – it is acceleration or the ability to ramp up or down quickly that matters so far as resilience is concerned. Supply chain resilience also requires ‘slack’ at those critical points that constitute the limiting factors to changes in the rate of flow.
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