Strong supply chains through resilient operations : 5 principles for leaders to win in a volatile world

Author(s)

    • Strohmer, Michael F.
    • Lakner, Marc
    • Hickerson, Tiffany
    • He, Sherri

Bibliographic Information

Strong supply chains through resilient operations : 5 principles for leaders to win in a volatile world

Suketu Gandhi, Michael F. Strohmer, Marc Lakner, Tiffany Hickerson, and Sherri He

Wiley, c2024

  • : [hbk.]

Available at  / 1 libraries

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Includes index

Summary:"Business leaders around the world are undertaking the biggest remaking of operations since World War II. Post-pandemic, every organization is grappling with the consequences of global supply chains that for years were optimized only around lowest cost supplies and labor. That changed with the pandemic, the global labor shortage, war in Ukraine, and other crises. To meet those disruptions--companies must transform their operations. But how? Today's buzz around resilience and reshoring shows that firms are ready to fundamentally change their global value chain configuration and to move away from "lean" tenets that optimize for "cost -- cash -- service" to be more resilient. To succeed now, firms now they must become more flexible, more innovative, more relationship-driven, and more sustainable"-- Provided by publisher

Description and Table of Contents

Description

Future-proof your firm’s supply chains with a renewed focus on resilience In Strong Supply Chains Through Resilient Operations: Five Principles for Leaders to Win in a Volatile World, a team of dedicated, veteran operations strategists delivers a practical and hands-on discussion of how to future-proof your company’s supply chains through a relentless focus on resilience. In the book, you’ll discover how to shift your firm’s emphasis from “low-cost” to “low volatility” as you protect your company against the supply and demand shocks associated pandemics, wars, labor disputes, and trade conflicts. You’ll also learn about: Real-world examples of companies realizing long-term competitive advantage by implementing the shifts advocated by the authors Why seeking to build mutually beneficial, long-term relationships with dependable suppliers is preferable to always choosing the cheapest option How a renewed focus on diversity and new ways of working can create resilient operations teams that pass on value to your customers An effective and essential discussion of one of the most prominent challenges facing contemporary companies around the world, Strong Supply Chains Through Resilient Operations is a need-to-read book for managers, executives, business leaders, entrepreneurs, operations and supply chain professionals, and anyone else with a stake in the smooth operation of their firm.

Table of Contents

Preface: Building Strong Supply Chains to Profit Despite Disruptions ix Part I Five Principles to Transform Your Operations Strategy 1 Chapter 1 Strong Operations Drive Growth and Profits by Adjusting to an Ever-Changing World 3 Chapter 2 Principle 1: Build Resilience Against Supply Shocks by Empowering Your Supply Base 17 Chapter 3 Principle 2: Build Resilience Against Demand Shocks by Using Your Operations to Create Customer Value 29 Chapter 4 Principle 3: Create Resilient Teams by Leaning into New Ways of Working and the Benefits of Diversity 43 Chapter 5 Principle 4: Enable Resilience Through Technology by Combining Human Judgment with Artificial Intelligence Chapter 6 Principle 5: Ensure Long-Term Resilience by Embracing Sustainability 69 Chapter 7 Fit the Principles to Your Situation and Strategy 85 Part II From Strategy To Action: Implementing the Five Principles 91 Chapter 8 Build Resilience Against Supply Shocks by Working with Supplier Ecosystems 93 Chapter 9 Build Resilience Against Demand Shocks by Operating for the Customer 107 Chapter 10 Create Resilient Teams by Combining Expertise into Economies of Skill 125 Chapter 11 Combine Human and Artificial Intelligence to Build Resilience Through Constant Learning 137 Chapter 12 Ensure Long-Term Resilience by Embracing Sustainability 153 Part III Outlook: Using Resilience Principles to Adapt to Future Scenarios 169 Chapter 13 Potential Scenarios of the Future Economy 171 Chapter 14 Industry Case Studies on How the Principles Can Help in Future Scenarios 181 Chapter 15 Common Themes We See in All Transformations 195 Chapter 16 Some Questions to Ask Yourself About the Future of Your Operations 197 Notes 201 Acknowledgments 219 About Us 223 About the Authors 227 Index 231

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