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Rethinking Supply Chain Resiliency

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Hospice_Houngbo
User Rank
Supply Network Guru
Re: Do you really want resiliency?
Hospice_Houngbo   2/25/2013 12:06:40 PM
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@FreeBird,

" and many analysts suggested the industry revisit JIT."

The problem is not about JIT effectiveness, but rather whether the manufacturing industry can stiil rely on JIT strategy -with the current global economic challenges-and improve ROI, quality and efficiency. 

Ariella
User Rank
Supply Network Guru
Re: Do you really want resiliency?
Ariella   2/22/2013 7:46:57 AM
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One of the points that Taleb makes in his book Antifragile is "Someone paid a price for the system to improve." In other words, when some businesses are knocked out, the industry learns from their mistakes how to improve resiliency for the businesses that do survive. 

Brian Fuller
User Rank
Blogger
Re: Do you really want resiliency?
Brian Fuller   2/21/2013 8:07:08 PM
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I second your call for inputs. As the saying goes, you should never let a good crisis go to waste. At a different level, every recession brings industry transformation (in almost every industry). So what happened in the supply chain? Just more consolidation? Or....?

FreeBird
User Rank
Stock Keeper
Do you really want resiliency?
FreeBird   2/21/2013 3:56:35 PM
NO RATINGS

I think a close examination of the supply chain is always a valuable effort, but since we are taking the definition of resiliency literally, do we really want a supply chain that snaps back to its original shape after facing a crisis? It would be better to resume a different shape after the crisis is over. For example, JIT and BTO left the supply chain empty after the Japan crisis in 2011, and many analysts suggested the industry revisit JIT. I don't see that that has happened to a great extent, but I might be wrong. Any feedback?



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