This again is an old classic in supply chain risk literature. In 1997 Marshall L. Fisher published this article in the Harvard Business Review targeting a simple question: “What is the Right Supply Chain for Your Product?”
It is noteworthy that this appears to be one of the most often cited papers in supply chain management. So I overlook the fact that it is quite weak on the methodological foundations.
If you think about it. Postponement is one of the more involving strategies available in supply chain management. At least from a design perspective, postponement requires changes to the value-generation process, which may comprise several echelons within the supply chain.
The paper I review today analyzed the implementation of postponement strategies in China and suggests factors to help with the decision which kind of postponement to select.
Agent-based supply chain models are build using small entities (agents), which might represent a single company.
Each of the agents has its own goals and rules of operation programmed into a computer. The interaction between several agents of this kind leads to a more realistic and complex behavior of the system.
Supply chain mapping can be a great tool to foster the understanding and from its results improve a supply chain network overall. Supply chain mapping can also be used to analyze the risks of a supply chain and improve its resilience (for an example in the blog follow this link).
This is already my second article (click here for the first) about managing supply chain risks in the chemical industry. This time by Paul R. Kleindorfer and Germaine H. Saad from Wharton and the Widener University. But this industry is quite interesting since it has to withstand a multitude of risks, so let’s get right to business: