Monday, February 23, 2009

Managing Supply Chain in a Tough Economy

I came across last week this 4-part (35 min total length) video presentation on youtube of Dr. Robert Handfield, Bank of America University Distinguished Professor of Supply Chain Management, Editor Emeritus, Journal of Operations Management, which took place December 2008 at the McKimmon Center on NC State's campus during a Supply Chain Resource Cooperative event. In this presentation he shares and presents preliminary survey results of supply chain managers and the actions they are taking and not taking during this economic downturn.

Most of things he discusses aligns with what I emphasized in my last post "5 Ways to mitigate Supply Chain Risk in this Economy" and also provides additional depth and breadth. His presentation is research based and the solution he prescribes revolves around a) getting past the finger pointing and taking a step back and looking at the whole chain to come up with creative ways to address risks and opportunities, b) collecting intelligence on the financial health of the suppliers & customers, c) continuing to challenge the data available and its relevance, d) working collaboratively with cross-functional teams to come up with change in business terms and conditions with critical suppliers and customers who are in trouble, e) and doing all this with sense of urgency and partnership mindset.

I would highly recommend that you set aside 35 minutes of your precious time to see these 4 videos.

Part 1

Part 2

Part 3

Part 4



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