Taming Supply Chain Networks
Industrial supply chain networks are complex organisms with a multitude of interdependent factors and functions that can drive or derail business performance. Like a wild horse, each supply chain has its own unique and often irascible personality that is influenced by the particular firm’s culture, behaviors, and operations. For businesses’ that have the courage to map them, manage them, master them, and finally tame them, this enigma can turn into a unique competitive advantage.
The complexity and scope of supply chains are fertile ground to deploy analytics. However, a deep understanding of the structure, dynamics, and behavior of these supply chain networks are required to create sustainable advantage.
To better understand the potential of modern supply chains, it is beneficial to compare them to the functioning of the human body.
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