Strong supply chains through resilient operations : 5 principles for leaders to win in a volatile world
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
Available at / 1 libraries
Note
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
by "Nielsen BookData"
