Mark Pearson of Logistics Management wrote an interesting article this month outlining “three of the most vital supply chain planning mantras”: 1. Supply chain planning works best as a high-level, enterprise-wide discipline. 2. Adaptability is key. 3. Speed matters. Would you add or change anything? One line from the article caught my eye –
“… by its very nature, forecasting is more or less imprecise—too many supply chain disruptions cannot be predicted. Instead, the business world’s increasing volatility means that companies should strive for highly flexible operating models, processes, and plans that help them respond rapidly to economic, political, and market-driven changes.”
So is this a supply chain planning mantra, or a supply chain response mantra? The lines are blurring aren’t they?