As in contrast to lean supply chains that try to eliminate wastes and reduce costs, agile supply chains refer to quickness of responsiveness to changing business conditions and opportunities for grow and/or profitability. Terms such as competency, flexibility, and speed to change and adapt to different scenarios by changing human capital, physical and financial resources to manage these changes are measures of agility.
Published in Chapter:
Technical and Resilience Aspects of Agility Supply Chain Management Policies and Practices: Suggested Approaches
Copyright: © 2023
|Pages: 17
DOI: 10.4018/978-1-6684-5959-1.ch012
Abstract
Essentially all large global businesses are facing intense competition not only domestically, but also internationally. In the current economy, the customers are expecting better products at lower prices, higher service levels within shorter response time, all in a highly inflationary environment. Through a review of the business literature and a brief case study on 2 large global firms in the Pittsburgh, PA area, the connection by evaluating different variables, including supply chain competencies, resilience, agility, and purchasing management, this chapter reviews supply chain technologies, concerns, and their successfully implementations.