Understand Lean and Agile Supply Chain strategies.

This video takes you through lean and agile supply chain strategies. It describes each and also describes a hybrid. This is a high level video but good for those beginning their supply chain journey.

We asked artificial intelligence “What is an agile supply chain?” This was the response.

An agile supply chain is a type of supply chain that is flexible and responsive, allowing a company to quickly and easily adapt to changing customer demands, market conditions, and other external factors.

Agile supply chains are characterized by the following features:

Short lead times: Agile supply chains have short lead times, meaning that it takes a short amount of time for products to move through the supply chain from raw materials to finished goods.
Collaboration: Agile supply chains involve close collaboration between all members of the supply chain, including suppliers, manufacturers, distributors, and customers.
Visibility and transparency: Agile supply chains have high visibility and transparency, allowing all members of the supply chain to have real-time information about the location and status of products.
Flexibility: Agile supply chains are flexible and can quickly respond to changes in demand, market conditions, and other external factors.

Agile supply chains can help companies to increase efficiency, reduce costs, and improve customer satisfaction by allowing them to quickly and effectively meet changing customer demands.

Strategy Quotes

“Strategy is about setting yourself apart from the competition. It’s not a matter of being better at what you do – it’s a matter of being different at what you do.” ~Michael Porter
“Success is 20% skills and 80% strategy. You might know how to succeed, but more importantly, what’s your plan to succeed?” ~Jim Rohn
“However beautiful the strategy, you should occasionally look at the results.” ~Winston Churchill
“Strategy is simply resource allocation. When you strip away all the noise, that’s what it comes down to. Strategy means making clear cut choices about how to compete. You cannot be everything to everybody, no matter what the size of your business or how deep its pockets.” ~Jack Welch
“The essence of strategy is choosing what not to do.” ~Michael Porter
“With the economy getting worse supply chain is more important than ever.” ~Dave Waters
“The natural strategic orientation of many companies is toward retaining existing customers and seeking further segmentation opportunities. This is especially true in the face of competitive pressure. Although this might be a good way to gain a focused competitive advantage and increase share of the existing market space, it is not likely to produce a blue ocean that expands the market and creates new demand.” ~ W. Chan Kim, Blue Ocean Strategy
“Good tactics can save even the worst strategy. Bad tactics will destroy even the best strategy.” ~General George S. Patton Jr.