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Invest in flexibility

Invest in flexibility: Implementing Supply Chain Management
Invest in flexibility: Implementing Supply Chain Management

One way to mitigate risks in a supply chain is by increasing flexibility. Flexibility and agility allow your supply chain to respond to changes quickly. Flexibility can be treated like an insurance policy, so you decide how much risk you are willing to accept and how much you are willing to invest in order to protect yourself from a risk. You can often choose between different approaches that can give you flexibility for different costs.

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Skill Level Intermediate
1h 25m
Duration
47,116
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Skills covered in this course
Business Business Skills Marketing

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