A Supply Chain Equation: Agility = Resilience = Revenue

What exactly is “agility,” besides being one of the supply chain’s favorite buzzwords? 

At a time when market conditions and customer requirements refuse to stand still, the ability to pivot in response to change is essential. That’s what agility is all about: the quality that makes procurement and supply chains “adaptable,” “responsive” and “resilient,” according to Todd Heimes, Director and General Manager of Amazon Business. On this episode of The SupplyChainBrain Podcast, Editor-in-Chief of SupplyChainBrain, Bob Bowman and Heimes discuss how the procurement function can acquire true agility through adoption of sophisticated analytics tools and the right metrics. The goal, he says, is to be able to make “informed decisions,” even as fast-moving procurement teams must stay on top of the market while dealing with internal resistance to change. Nothing less is required to stay competitive.