/home/leansigm/public_html/components/com_easyblog/services<title>Benefits of Agile Practices in Supply Chain Management</title>
<script type="text/javascript">
window.print();
</script>
<div id="blog-title">
	<h1>Benefits of Agile Practices in Supply Chain Management</h1>
</div>

<div class="title-wrapper no-avatar">
	<div class="meta1">
		<div class="inner">
			<span class="post-date">Apr 24</span>

			<span class="post-category">
				Posted by <a href="/forum/user/895-amrita-arora">Amrita Arora</a>				in <a href="/resources/sigmaway-blog/continuous-process-improvement">Continuous  Process Improvement</a>			</span>
		</div>
	</div>
</div>


<div class="post-content clearfix">
		
	<p class="MsoNormal" style="text-align: justify;"><strong>Agile practices</strong> can help companies navigate in this dynamic global economic environment. However, only a few companies are adopting these practices to improve their <strong>supply-chain performance</strong> and their results show the benefits that they achieve from them.</p>
<p class="MsoNormal" style="text-align: justify;">According to a research conducted by <strong><span style="color: #c0504d; mso-themecolor: accent2;">McKinsey</span></strong> of over 250 global companies, across 5 industries, <strong><span style="color: #1f497d; mso-themecolor: text2;">Companies with more agile supply-chain practices had service levels that were seven percentage points higher and inventory levels that were 23 days lower than their less agile peers did</span></strong>.&nbsp; Those companies did well in areas such as <strong><span style="color: #1f497d; mso-themecolor: text2;">demand forecasting, labor flexibility, and the optimal placement of inventory</span></strong> across distribution networks also.</p>
<p class="MsoNormal" style="text-align: justify;">An example of application of these agile practices is <strong>Amazon</strong>, which adjusts prices and inventory levels in real time in response to competitors’ moves, among other things.</p>
<p class="MsoNormal" style="text-align: justify;">To get more insights in this subject, read the following article by <strong><span style="mso-bidi-font-family: Helvetica; color: #4f6228; mso-themecolor: accent3; mso-themeshade: 128;">Raoul Dubeauclard, Kerstin Kubik, and Venu Nagali</span></strong> at <strong><span style="color: #e36c0a; mso-themecolor: accent6; mso-themeshade: 191;">mckinsey.com</span></strong>:</p>
<p class="MsoNormal"><a href="http://www.mckinsey.com/insights/operations/how_agile_is_your_supply_chain" target="_blank">http://www.mckinsey.com/insights/operations/how_agile_is_your_supply_chain</a></p></div>

<div class="post-copyright clearfix">
	</div>

<div class="post-tags">
	Tags
		<a href="/blog/tags/supply-chain">
		<span itemprop="keywords">supply chain</span>
	</a>
		<a href="/blog/tags/inventory-costs">
		<span itemprop="keywords">Inventory Costs</span>
	</a>
		<a href="/blog/tags/agile-practices">
		<span itemprop="keywords">Agile Practices</span>
	</a>
		<a href="/blog/tags/labor-flexibility">
		<span itemprop="keywords">Labor Flexibility</span>
	</a>
		<a href="/blog/tags/demand-forecasting">
		<span itemprop="keywords">demand forecasting</span>
	</a>
	</div>

<a rel="nofollow" onclick="window.print();" title="PRINT" href="javascript: void(0)">PRINT</a>