Question

List several different types of flexibility that exist in a supply chain. Discuss how an organization would increase each of these types of flexibility.

Answer 1

Some of the flexibilities exist in supplychain are:-

1:-Buyer-supplier relationship: The flexibility helps in building strong relationship and also to chose the right supplier instead completely depending on the single source provider.

2. Demand driven and the role of marketing : Market itself is a fluctuating one because of changing economic situation, customer needs etc. Thus demand is volatile in nature and supplychain has to wisely design and has to be flexible enough to determine the complexities and solving according to the needs.

3. Production/manufacturing :- Capacity flexibility is very much needed because it helps in more optimization of resources and reducing the logistics cost.

4: Logistics network flexibility:- This helps in changing the distribution or cross docking location as per the center of gravity and ease of operations with priorities given for cost and quality.