Among supply chain leaders, increasing inventory was a common, understandable response to disruption in 2020. As the pandemic starts to move from the forefront to the rearview mirror, what’s the best way to mitigate future shocks?
Holding more inventory isn’t the only method available, and it’s not even among the most effective.
The latest Procurement Leaders paper — Just in Time vs. Just in Case: What’s the Way Forward for Supply Chains? — shows why supply chain managers should shift their mindset with regard to inventory.
- What the Just in Time model is about — and why it’s misunderstood
- How flexibility and adaptability outmatch stockpiling inventory
- Why supplier relationships should be about more than just price and contract compliance
It’s a forward-looking read that will help supply chain professionals get ahead of tomorrow’s disruption today with a clear understanding of just-in-time supply chains vs. just-in-case supply chains.