What is a characteristic of an agile supply chain quizlet?
Agile. Fully Flexible. Close relationship, and low predictability of demand. You just studied 24 terms!
What are the three 3 qualities prevail in the agile supply chain?
These include: responsiveness, flexibility and adaptability. To be truly agile, an organisation must possess the following elements: market sensitive, process integration, network based and virtual (Christopher, 2000). They should be able to be flexible, responsive and adapt to changing market conditions.
Which are the main components of the agile supply chain?
The modern agile supply chain is based around four major component strategies, virtual integration, process alignment, shared chain responsibility, and market sensitivity.
- Virtual Integration. …
- Process Alignment. …
- Shared Chain Responsibility. …
- Market Sensitivity.
What is agility in a supply chain?
Supply chain agility can be defined as an organization’s ability to profitably manufacture and deliver a broad range of high-quality products and services with short lead times and varying volumes, while providing enhanced value to customers.
What are the three important aspects of obtaining an agile supply chain coursera?
Within this network of companies, there are three ongoing flows: products, information, and finances. To properly understand the supply chain and manage it, you need to understand all of the flows.
What typical products uses agile supply?
Agile supply chains are generally used for products with short life cycles or customizable elements. Take fast fashion as an example. Fashion changes rapidly in today’s Instagram and blogger culture, so production needs to be prepared to keep up with the emerging and shifting trends.
What are the four key components of agile supply framework?
The key concepts to an agile supply chain, and agile business, as well, are: Technologies, Empowerment/Culture, Customer-Centricity/Flexibility and Partner Relationships.
What are the major categories of supply chain risk?
Disruptive events that occurred over the last several years fall into three broad categories of supply chain risk: Natural Catastrophes, Man-Made, and Economic. Let’s look at each type of risk and their impacts on supply chains. Supply chains are vulnerable to natural disasters such as storms, floods, and wildfires.