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Strong Supply Chains Through Resilient Operations. Five Principles for Leaders to Win in a Volatile World. Edition No. 1

  • Book

  • 256 Pages
  • October 2023
  • Region: Global
  • John Wiley and Sons Ltd
  • ID: 5826697

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

Authors

Suketu Gandhi Michael F. Strohmer Marc Lakner Tiffany Hickerson Sherri He