Creates a managerial compass for entering into the LIVING (Live, Intelligent, Velocity, Interactive, Networked, and Good) era of supply chain management and defines the imperative for creating Velocity and Visibility as the focal point for exploiting new digital, mobile, and cloud-based technologies
Written by well-known researchers in the field, this book addresses the changes that have occurred and are still unfolding at various organizations that are involved in building real-time supply chains. The authors draw on their experiences with multiple companies, along with references to the natural evolution of ecosystems throughout to help identify the “new rules of supply chain management.” The LIVING principles associated with the rapid digitization and technology changes occurring in the global economy are discussed, along with the push to become more sustainable and responsive to customer needs. Utilizing the LIVING framework provides readers with a roadmap for transformation that explores the following questions: Live – Do you have a real-time (LIVE) view of your information?; Intelligent – Are you able to connect the essential leverage points in your network through cloud, mobile, and other mediums that provides a platform for analytics?; Velocity – Is your entire enterprise and network focused on moving assets faster than ever before in its history?; Interactive– Is there a common governance structure that defines how observations are translated into issues, monitored, validated, and translated into specific actions and responses?; Networked – Is your multi-enterprise supply chain networked in such a manner that a common and aligned view of business priorities and actions aligned with trusting relationships common to everyone?; and Good – Is your network seeking to create good by the application of transparency that can drive improved sustainability, integrity, human, and labor rights and expose fraud and counterfeit activities in your global supply chain?
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The LIVING Supply Chain: The Evolving Imperative of Operating in Real Time is an ideal reference for professionals and practitioners in supply management, logistics, computer science, analytics, statistics, operations research, and industrial engineering. This book can also be used as a supplement for MBA-level courses in supply chain management.
Chapter 1. The LIVING Supply Chain
Chapter 2. LIVE! Transparency as a Core Operating Value
Chapter 3. INTERACTIVE! The Emergence of Federated Supply Chain Networks
Chapter 4. VELOCITY! Working Capital: The Overlooked Asset
Chapter 5. INTELLIGENT! Linking the Genomes of Products in Your Supply Chain
Chapter 6. NETWORKED! Co-evolution and Co-innovation in Federated Supply Chains
Chapter 7. GOOD! The Ability to Build Balanced Supply Chains
Chapter 8. The Future of Supply Chains