Supply Chain resilience

1.    Resiliency is a philosophy (like LEAN) and not a tactic (like JIT). In the current disruptive world resilient supply chains wins business and growth.
2.    Balance cost, performance and resiliency. It’s not choosing one over another but to engage right type of action to mitigate the risk with cost benefit analysis.
3.    Plan for every part. Vulnerability can come from any corner and hence need to diagnose every supply chain node.
4.    Leverage Digitalization. Being more digital helps to access real time information to make the right decision at the right time by embedding resiliency concepts.
5.    Build right capacity. Reassess capacity management processes for flow and build the right capability (buffer capacity, technology, redundancy, supplier contracts, Vendor managed inventory, etc.)