Term
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Definition
| they respond quickly to sudden changes in supply or demand |
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Term
| Agile Trends and Implications |
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Definition
o Trends: increasing product variety proliferation
o Implications: uncertainty drives need for flexibility |
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Term
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Definition
o They handle unexpected external disruptions smoothly and cost-efficiently
o They recover promptly from shocks such as natural disasters, epidemics, and computer viruses
o Responsive to uncertain demands
o Robust to unexpected external disruptions
o To avoid shortages, dell used demand management to balance supply and demand |
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Term
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Definition
· they evolve over time as economic progress, political shifts, demographic trends, and technological advances reshape markets |
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Term
| Adaptable trends and implications |
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Definition
o Trends: shortening product and technology cycles
o Implications: dynamic instead of static supply chains |
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Term
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Definition
| they align the interests of all participating firms in the supply chain with their own |
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Term
| Aligned Trends and Implications |
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Definition
o Trends: vertical integration to outsourcing
o Implications: differential interests of multiple players
o Each player maximizes its own interests, it optimizes the chain’s performance as well |
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