The paper "Agile Supply Chains and Lean Thinking" is an outstanding example of management coursework. The agile supply chain is one of the practices that businesses normally use when trying to get a competitive edge over other organizations. The practice of agile supply chains relates directly to agility. Christopher (2005) states that agility is a concept that applies to all aspects of a business including the organizational structures, logistics, and information systems. The main principle in this concept is flexibility. Flexibility becomes an advantage for businesses that operate in worlds that are highly volatile and unpredictable.
Eyong (2009) explains that the advent of new technologies and products has increased the capabilities of organizations and created new markets for them. However, these innovations also mean that businesses have to be capable of changing their operations within limited periods. This is because the new products and technologies are still evolving, making the market more dynamic than it has ever been in the past. Agile supply chains, therefore, seek to use agility and flexibility as a way of coping with this volatility (Eyong 2009). If businesses are able to change their operations at short notice, then they will be more capable of dealing with the constantly evolving market that typifies the modern world.
Within the context of supply chains, agility essentially relates to a firm’ s ability to react quickly to changes in demand. This ability to change is perhaps the defining characteristic of agile supply chain practices. Agile supply chains also tend to utilize process integration as a way of ensuring that they are aware of market changes. In process integration, there is a collaboration between suppliers and buyers in a manner that enables the former to provide quality services and products for the latter.
Lastly, agile supply chains rely on fluid cooperation between partners operating within a single industry. Christopher (2009) argues that with this concept, the businesses that are able to structure and coordinate their relationships with partners in the most efficient way stand to gain the most. The use of agile supply chains to respond to rapidly changing markets and sectors is evident in Samsung’ s strategies within the global smartphone industry.
The last ten years have witnessed the rapid evolution of the global telecommunications industry in many ways.
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