Showing posts from September, 2012

Creating Supply Chain Excellence in the Times of Chaos

Strategist consider scenarios of Static, Dynamic, Complex & Chaotic environments in which  industries operate. The parameters for determining the same are – number of variables in  the environment & the rate of change of those variables. A chaotic environment is one when  the rate of change is high & the number of variables in the environment are large. The  industry context for that period of industry life cycle is a ‘Chaotic’ environment. The current  industry is passing through a phase like that with no surety if that is a permanent change in  the way it will need to operate for years to come. Supply Chains are structures which support a random event called ‘sales’. Each Supply Chain  supports a systemic component of demand & a random component of demand. The state of  Supply Chains in Chaotic industry context makes the component of  'randomness' increase.  While enterprises may engage in the creation of their Strategic Plans, most of them are  fallin