Supply Chain Management Best Practices. David Blanchard

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Supply Chain Management Best Practices

       Third Edition

       DAVID BLANCHARD

      Copyright © 2021 by David Blanchard. All rights reserved.

      Published by John Wiley & Sons, Inc., Hoboken, New Jersey.

      Published simultaneously in Canada.

      No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, [phone], fax [phone], or on the Web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, [phone], fax [phone], or online at www.wiley.com/go/permissions.

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       Library of Congress Cataloging-in-Publication Data

      Names: Blanchard, David, 1958- author.

      Title: Supply chain management best practices / David Blanchard.

      Description: Third Edition. | Hoboken : Wiley, 2021. | Revised edition of the author’s Supply chain management, c2010.

      Identifiers: LCCN 2021010995 (print) | LCCN 2021010996 (ebook) | ISBN 9781119738237 (hardback) | ISBN 9781119738213 (adobe pdf) | ISBN 9781119738190 (epub)

      Subjects: LCSH: Business logistics.

      Classification: LCC HD38.5 .B476 2021 (print) | LCC HD38.5 (ebook) | DDC 658.5—dc23

      LC record available at https://lccn.loc.gov/2021010995 LC ebook record available at https://lccn.loc.gov/2021010996

      Cover design: Wiley

      Cover image: (c) Kentoh/Shutterstock

       To Nancy, Julia, and Grace

Preface

      When I wrote the first edition of this book, the terrorist attacks of September 11, 2001, were still fresh in people's minds and the world was still grappling with new security procedures that changed travel, security, and global supply chains in ways that nobody could have imagined pre-9/11. The US Department of Homeland Security was as frequently mentioned in supply chain circles as the IRS is mentioned at accounting firms. It was pretty much accepted as gospel that the world as we knew it had been changed forever. Welcome, the saying went, to the New Normal, characterized by stringent security measures that would slow global trade to a near halt as cargo and passengers alike would need to be thoroughly screened at every land, sea, and airport.

      I wrote the second edition a few years later when the United States, and pretty much the rest of the world, was plunged in what came to be known as the Great Recession. The housing market had tanked, the stock market had crashed, unemployment had spiked, and the new “New Normal,” we were told, would be an economy of very modest growth. Supply chain professionals were being advised to go lean—not just following the principles of continuous improvement, but preparing for an economy that might never fully bounce back.

      That brings us to this third edition, which was written while the entire world was grappling with the COVID-19 pandemic. At this writing, while we seem to have gotten past the worst of the virus, and while the rapid development and distribution of vaccines are bolstering hopes that the pandemic could soon be downgraded to just a really bad health situation, it’s unclear as to exactly when, or if, we’ll see what the Next Normal looks like. It's safe to say that even after the impact of COVID-19 has faded somewhat into memory, there will always be another crisis or another “we've never seen anything like this before” moment on the global supply chain stage.

       *

When you give a book a title like Supply Chain Management Best Practices, there's not much mystery in what it's going to be about. Throughout its 16 chapters, this book will identify some of the best supply chains in the world, describe in detail what it means to have a “best-in-class” supply chain, and offer suggestions—in the form of best practices—on how to build a world-class supply chain.

      This book is largely told through the experiences of supply chain practitioners and experts. The companies and the people referred to in this book are real, as are their accomplishments (and, in some cases, their failures). What sets this book apart from other supply chain books is that I have taken a journalist's approach to the subject rather than an academic's or a consultant's. As the editorial director of a diverse group of trade publications, I've had