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  • © 2022

Strategic Planning for Dynamic Supply Chains

Preparing for Uncertainty Using Scenarios

Palgrave Macmillan
  • Presents a process to create scenarios, illustrating it with in-depth cases of the three types of organizations

  • Provides guidelines for assessing the strategic decision-making process described in the book

  • Explains how to answer the question “did scenario planning work” in a particular process

Part of the book series: Palgrave Executive Essentials (PEE)

  • 1972 Accesses

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eBook USD 29.99
Price excludes VAT (USA)
  • ISBN: 978-3-030-91810-1
  • Instant PDF download
  • Readable on all devices
  • Own it forever
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  • Tax calculation will be finalised during checkout
Softcover Book USD 39.99
Price excludes VAT (USA)

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Table of contents (9 chapters)

  1. Front Matter

    Pages i-xxv
  2. Introduction

    • Shardul S. Phadnis, Yossi Sheffi, Chris Caplice
    Pages 1-18
  3. Managing Supply Chains: Three Organizational Roles

    • Shardul S. Phadnis, Yossi Sheffi, Chris Caplice
    Pages 19-43
  4. Scenario Planning: A Tool for Organizational Learning and Foresight

    • Shardul S. Phadnis, Yossi Sheffi, Chris Caplice
    Pages 45-61
  5. Designing Scenarios to Aid Strategic Planning in Supply Chains

    • Shardul S. Phadnis, Yossi Sheffi, Chris Caplice
    Pages 63-84
  6. Scenario Creation in Supply Chain Contexts

    • Shardul S. Phadnis, Yossi Sheffi, Chris Caplice
    Pages 85-120
  7. Scenario Application: General Steps

    • Shardul S. Phadnis, Yossi Sheffi, Chris Caplice
    Pages 121-131
  8. Scenario Application in Supply Chain Contexts

    • Shardul S. Phadnis, Yossi Sheffi, Chris Caplice
    Pages 133-166
  9. Learning from Scenario Applications

    • Shardul S. Phadnis, Yossi Sheffi, Chris Caplice
    Pages 167-183
  10. Appendix

    • Shardul S. Phadnis, Yossi Sheffi, Chris Caplice
    Pages 185-219
  11. Back Matter

    Pages 221-226

About this book

This book presents a strategic decision-making process (i.e., scenario planning) to help managers build supply chain infrastructures that can adapt to uncertain shifts in the business environment. The authors detail the process for developing and applying scenarios for strategic planning in organizations playing three different roles in supply chains. Using three cases in which the process was applied in association with the MIT Center for Transportation & Logistics, this primer also explains how companies can monitor their business environments to decide when to take the necessary steps to adapt their supply chain strategies and assets. 

The lessons learned are applicable globally: in first-world free-market economies, emerging countries and poorer nations, as well as the states where the government plays a strong role in the economic activity.

For companies looking to assess the numerous drivers shaping their supply chains and use that information to make living strategic plans, this book will teach you how to build adaptable and agile supply chains. It will explain how to approach long-term investments in your organization.

Shardul Phadnis is an Associate Professor of Operations and Supply Chain Management at the Asia School of Business. Previously, he served as the Associate Professor and Director of Research at MIT SCALE Network’s Malaysia Institute for Supply Chain Innovation. His research explores the intersection of supply chains and strategic management: how organizations create value by orchestrating supply chain operations, and how strategy processes influence adaptability of supply chain structures and processes.

Yossi Sheffi is the Elisha Gray II Professor of engineering systems and director of the MIT Center for Transportation and Logistics. He is the founder of the MIT master's degree in supply chain management and the SCALE network of six supply chain management academic centers. He is the author of a textbook and five award-winning management books which were translated into numerous languages. He is also a multiple entrepreneur, having founded five successful companies. His research areas include supply chain risk management, sustainability, and network structure.

Chris Caplice serves as the Executive Director of the MIT Center for Transportation & Logistics where he is responsible for the planning and management of the research, education, and corporate outreach programs for the center. He created and currently serves as Director of the MITx MicroMaster’s Program in Supply Chain Management and founded the MIT FreightLab.   In addition to his work at MIT, he serves as Chief Scientist at DAT Freight & Analytics.  

Keywords

  • scenario planning
  • Supply chain strategy
  • Strategic supply chain planning
  • Supply chain adaptability
  • Infrastructure planning
  • supply chains

Reviews

"Once again, the MIT team from the Center for Transportation and Logistics have broken new ground.  The use of scenario planning, whilst widely used elsewhere, has rarely been deployed in the development of supply chain strategies. Now, this timely book provides a valuable guide to help organisations re-shape their supply chains to cope with the challenges of an uncertain future."

—Martin Christopher, Emeritus Professor of Marketing and Logistics, Cranfield School of Management, UK and author of Logistics & Supply Chain Management


"The authors powerfully explain how storytelling, via scenario planning, gives insights in a roaring, uncertain future.  Many assume that transportation investments in the US are made from top down, however hundreds of agencies act more like islands than a hierarchy.  Here’s a practical path for multiple actors to set priorities."

—Barbara Ivanov, former Director, Freight Systems Division, Washington State Department of Transportation, USA


"Practical and case-based, this innovative book utilizes scenario planning as a method to anticipate changes and challenges in supply-chain infrastructure. Well-written and accessible, the focus is on improving decision making and organizational learning in the face of an unpredictable future."

—George Wright, Professor of Management Science, University of Strathclyde, UK, author, The Sixth Sense: Accelerating Organizational Learning with Scenarios and Founding Editor-in-Chief, Futures & Foresight Science


"Imagining the unthinkable! This book is an essential contribution to all supply chain professionals in times of unprecedented events and turbulent markets that challenge every supply chain and demand for higher capabilities by preparing for the unknown."

—Ralf Busche, Senior Vice President European Site Logistics Operations BASF, Ludwigshafen am Rhein, Germany


"Scenario planning is conceptually straightforward but can be challenging to implement. This work clearly unfolds, explains and makes accessible what it takes to utilize scenario planning to support strategic decision-making in an uncertain environment."

—Tony Furst, Former Director, Office of Freight Management & Operations Federal Highway Administration, Washington, DC, USA


Authors and Affiliations

  • Asia School of Business, Kuala Lumpur, Malaysia

    Shardul S. Phadnis

  • Massachusetts Institute of Technology, Cambridge, USA

    Yossi Sheffi, Chris Caplice

About the authors

Shardul Phadnis is an Associate Professor of Operations and Supply Chain Management at the Asia School of Business. Previously, he served as the Associate Professor and Director of Research at MIT SCALE Network’s Malaysia Institute for Supply Chain Innovation. His research explores the intersection of supply chains and strategic management: how organizations create value by orchestrating supply chain operations, and how strategy processes influence adaptability of supply chain structures and processes.

Yossi Sheffi is the Elisha Gray II Professor of engineering systems and director of the MIT Center for Transportation and Logistics. He is the founder of the MIT master's degree in supply chain management and the SCALE network of six supply chain management academic centers. He is the author of a textbook and five award-winning management books which were translated into numerous languages. He is also a multiple entrepreneur, having founded five successful companies. His research areas include supply chain risk management, sustainability, and network structure.

Chris Caplice serves as the Executive Director of the MIT Center for Transportation & Logistics where he is responsible for the planning and management of the research, education, and corporate outreach programs for the center. He created and currently serves as Director of the MITx MicroMaster’s Program in Supply Chain Management and founded the MIT FreightLab.   In addition to his work at MIT, he serves as Chief Scientist at DAT Freight & Analytics.


Bibliographic Information

  • Book Title: Strategic Planning for Dynamic Supply Chains

  • Book Subtitle: Preparing for Uncertainty Using Scenarios

  • Authors: Shardul S. Phadnis, Yossi Sheffi, Chris Caplice

  • Series Title: Palgrave Executive Essentials

  • DOI: https://doi.org/10.1007/978-3-030-91810-1

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Business and Management, Business and Management (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2022

  • Softcover ISBN: 978-3-030-91812-5

  • eBook ISBN: 978-3-030-91810-1

  • Series ISSN: 2731-5614

  • Series E-ISSN: 2731-5622

  • Edition Number: 1

  • Number of Pages: XXV, 226

  • Number of Illustrations: 42 b/w illustrations

  • Topics: Supply Chain Management, Business Strategy and Leadership, Management

Buying options

eBook USD 29.99
Price excludes VAT (USA)
  • ISBN: 978-3-030-91810-1
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book USD 39.99
Price excludes VAT (USA)