Definition Of Supply Chain Flexibility
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Explain the internal and external flexibility dimensions and ask the candidates to describe and evaluate them using the capability maturity model below with explanation.
Definition of supply chain flexibility. When a supply chain entity is unable to wait out their competitors increases and decreases in purchases the supply chain s ability to maintain sustainability diminishes. Learn more about our supply chain management services and contact us for the supply chain. The case firm s overall supply chain flexibility and what it means for the company s success. A growing body of literature has begun to recognise that in the era of supply chain management it is important to look beyond the flexible factory to the flexible supply chain.
Supply chain flexibility 4 1. With rising transportation costs and undependable capacity carrier connectivity provides an answer for improved performance service management and safety. Flexible supply chain flexible supply chains this type of supply chain is the one which has a great flexibility to adapt to changing customer demands and shorter lead times it is usually used where there is a vast range of products which share some basic characteristics and can be manufactured from the same production line. Ultimately a flexible supply chain needs a larger partner to adjust and survive the surges in larger company sales.
If you have 5 manufacturing plants for a given business and each one can only produce one family of products you have 1x flexibility. Due to the increasing uncertainty and diversity in supply chains scs companies are aiming to develop their sc flexibility which we define as the capability of a company both internally and externally in conjunction with its key suppliers and customers to respond to uncertainties and customer expectations without excessive costs time and performance losses. This paper seeks to further our understanding of supply chain flexibility and provide a comprehensive review of the available literature published literature on supply chain flexibility has been considered. Several papers already emphasized the need for flexibility although little attention is paid to how operational activities incorporate flexibility in their supply chain practices.
As i said then he offers a specific definition of what supply chain flexibility means for manufacturers. There are a handful of terms or concepts that seem to universally be at the top of every supply chain executive s wish list. Common ones these days include improved supply chain visibility supply chain risk management and the focus of today greater supply chain flexibility. Full flexibility or 5x in this example would.
Initial ad hoc 7. Flexible suppliers are capable of supplying processing other jobs in addition to the one for which they are the original supplier. This explains how competitive factors affect flexibility. Literature describes several developments in supply chain management.
If each can make two families you have 2x etc.
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