Supply chain managers need to think about innovation in two ways: incremental improvement and disruptive transformation. This is called bimodal innovation because these are two very different approaches. Incremental improvements can be developed using six sigma, lean, and the Theory of Constraints. Disruptive innovation often comes from challenging basic assumption and trying to make the current business obsolete.
- The key to making improvements…in any supply chain is innovation…because that's how we find new and better ways…to create value but innovation comes…in two different forms,…sustaining innovation and disruptive innovation.…So, let's look at these two different approaches…and then dig into some tools…that will help you use innovation…in your supply chain.…The distinction between sustaining…and disruptive innovation…comes from Harvard professor Clayton Christensen's book…called The Innovator's Dilemma.…
Sustaining innovations are improvements…to an existing product, process or service.…They're changes that make something work better,…faster or cheaper.…Sustaining innovations are the way…that companies compete against one another most of the time.…For example, the companies that make cell phones…are in a constant battle…to make their phones a little faster…or to make the resolution a little better…but disruptive innovations…introduce a totally different approach…that makes the old process, product or service obsolete.…
- Explore the fundamentals of source inputs within a supply chain.
- Examine the role of returning products in a supply chain.
- Determine how to calculate total costs.
- Explore the role of investing in flexibility when managing a supply chain.
- Discover how to increase visibility with a control tower.
- Identify the role innovation plays in supply chain management.
- Examine how artificial intelligence and machine learning help to monitor supply chain trends.
- Break down the fundamentals of selecting the right technology when implementing a supply chain agenda.
- Determine the best ways to collaborate externally when implementing a supply chain agenda.