SUPPLY CHAIN ORGANIZATION: AGILE VS. WATERFALL.

Autor: Todorova, Ana, Sheludko, Igor
Předmět:
Zdroj: Journal of Entrepreneurship & Innovation; Nov2022, Vol. 14 Issue 14, p61-71, 11p
Abstrakt: Global supply chains have faced two unprecedented challenges in less than five years. After the worldwide Covid pandemic that hit in 2019, in 2022, businesses faced the fears and problems that arose due to the conflict in Ukraine. The military strike has led to unpredictable vulnerabilities in supply chains, including staff and resource shortages and losses due to closures (or nationalization/confiscation). Organizations continue to try to break away from their dependence on Russia, looking for ways to cooperate with local partners, shorten deadlines and minimize costs. In the past this was achieved through lean operations, long lead times and cheap labour. In the future, this will not be a winning strategy. Instead, flexibility, visibility, automation and highly skilled staff will play a key role. Together, they are expected to reduce costs and improve decision-making and standardized processes. The ability of companies to cope with modern challenges directly depends on their ability to adapt to new realities and the speed with which they do so. This report aims to contrast two of the most common supply chain management models: traditional Waterfall and adaptive Agile. The main characteristics of the approaches are derived from the point of view of their applicability and effectiveness in business processes. [ABSTRACT FROM AUTHOR]
Databáze: Complementary Index