Whilst embarking on a two year supply chain course at Toi-Ohomai from February this year I was presented with, in my first set of course material, two common supply chain strategies:-
Lean strategy : categorised by the ability to reduce inventory and waste. Lean supply chains focus on cutting out unnecessary business practices and wasting fewer resources while maintaining or improving delivery of their product to customers.
Agile strategy : the whole supply chain needs to be interactive and flexible according to actual customer demands. Agility is a comprehensive response to the business challenges of profiting from rapidly changing, high flexibility orientation, advanced level of customised products and services.
Then the course covered something I had not heard of before: a LEAGILE strategyread more...