Embracing Supply Chain Uncertainty
In the dynamic landscape of modern supply chains, where disruptions and uncertainties have become the norm rather than the exception, traditional approaches to supply chain planning often fall short in providing reliable and risk-aware strategies. One of the most promising advancements in this field is probabilistic supply chain planning, a paradigm that embraces uncertainty by offering insights into multiple possible future scenarios and their associated probabilities.
This thought paper delves into the intricacies of probabilistic supply chain planning, exploring its advantages, methodologies, implementation challenges, and its potential to reshape the way future supply chains are managed. A pragmatic approach to probabilistic planning will be illustrated by an example from the vaccination industry.
