Business Dynamics
Objectives and perspectives for improving resiliency in supply chains
WSEAS TRANSACTIONS on SYSTEMS
Resiliency and vulnerability in short life cycle products' supply chains: a system dynamics model
WSEAS TRANSACTIONS on SYSTEMS
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Today's business world faces challenges and pressures on an unprecedented scale. Many of these obstacles have the potential to severely affect the continuity of a manufacturing enterprise, in particular, through disruption to the wider supply chain. Indeed, it can be argued that supply chain risk is currently greater now than ever before. Resilience is one of the ways to combat disruptions in the supply chain. In this paper the behavior of a Supply chain is studied using a SD model built with Powersim. The paper describes the process of building the model and utilizes the model to demonstrate the massive improvement that resilience can bring in a manufacturing enterprise. The critical issues and strength points in a supply chain are analyzed, in particular, trying to improve their resilience, a feature that has gained even more importance in recent years.