Were you ill-prepared for COVID-19’s organizational upheavals and supply chain disruptions? Shardul Phadnis and Paul Schoemaker introduce supply chain vigilance, a system which brings a wide-angle view and disciplined scrutiny to scanning and managing the supply chain’s broader ecosystem.
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References
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Visibility is a well-known supply chain construct about developing real-time knowledge of the locations of all goods throughout transit as well as the states of production and logistics assets, demand, and supply. It can be applied more broadly to many organizational functions that need to manage some of the firm’s inbound and outbound activities across the firm’s boundaries.
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The symbols in the figure denote the following: + and - signs refer to the direction of causal influence of the connected nodes; the loops with letter “B” represent balancing feedback loops, where a change in one direction is countered by an opposite change; the = sign indicates time delay in the variable represented by the link.
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