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Agile Supply Chains thrive in a culture of humility.
Several companies are implementing various agile concepts in their supply chains. Some of them succeed while others fall well short of their potential. Why is it?
A key concept in agility is establishing fast feedback loops. These loops tell us continually how our predictions and assumptions are faring against the market reality. However, these are useful only if we are willing to course correct our actions. That’s where many implementations actually fail.
Learning from feedback requires humility. It means acknowledging, accepting and respecting the market reality. If consumers are behaving differently by either shunning our products or by lapping it off the shelves, we must admit that our initial assumptions were wrong and we need to course correct… It requires humility.
If you are in the process of implementing agile processes and practices in your supply chain, check out whether the team is embracing mid-course corrections or resisting it.
It may be the difference between a resounding success or a complete failure!