Resilience in organizations (200 words essay)

2

Name

Institution

Course

Tutor

Date: 19th November 2020,

Supply Chain Resilience

Certain events can disrupt the organization’s ability to produce and distribute their products such as earthquakes, political turmoil, etc. As a result, organizations construct a resilient supply chain. The supply chain resilience (SCRES) makes an organization respond to these disruptions better (Vecchi and Vallisi, 2020). Therefore, resilience refers to an organization's ability to resume its normal operation after a disruption. The theories in SCRES are important in understanding the research phenomenon, identifying relationships among the variables, and generalizing the findings depending on the context under study. The three common theories are system theory, Resource-Based View (RBV), and dynamic capabilities. However, this paper shall look at the resource-based view theory. Flexibility is a key SCRES strategy that refers to the organization's ability to adapt to the changing environment with the least time and effort (Vecchi and Vallisi, 2020) ('Key Concepts of Supply Chain Management,' 2018).

The Resource-Based View is the most applied theory (Calvo, Del Olmo, and Berlanga, 2020). It is based on the organization’s resources that are valuable, irreplaceable, and rare — give a competitive advantage to an organization. The resources determine how an organization reacts to threats.

For example — Apple has many strategic resources such as hardware platforms and proprietary software that has survived decades of improvements and innovations. This is despite many computer companies struggling to make profits. Apple Company’s business model based on the strategic resources has contributed to creating the most valuable stock in the world.

Figure 1, resilient supply chains key concepts (Healy, 2020).

References

Calvo, J., Del Olmo, J. L. and Berlanga, V. (2020) ‘Supply chain resilience and agility: theoretical literature review’, International Journal of Supply Chain and Operations Resilience, p. 37. doi: 10.1504/ijscor.2020.105950.

Calvo, J., Olmo, J. and Berlanga, V., (2020). Supply chain resilience and agility: a theoretical literature review. International Journal of Supply Chain and Operations Resilience, 4(1), pp.37.

Key Concepts of Supply Chain Management, (2018). Essentials of Supply Chain Management, pp. 1–39. doi: 10.1002/9781119464495.ch1.

Hugos, M., 2018. Essentials Of Supply Chain Management. Hoboken, New Jersey: John Wiley & Sons, Inc, pp.1-39.

Vecchi, A. and Vallisi, V. (2020) ‘Supply Chain Resilience’, Supply Chain and Logistics Management, pp. 1940–1953. doi: 10.4018/978-1-7998-0945-6.ch093.

Vecchi, A., and Vallisi, V., (2020). Supply Chain Resilience. Supply Chain and logistics Management, 1(1), pp.1940 – 1953.

Healy, E., 2020. Improving supply chain resilience. [Online] Available at: https://www2.deloitte.com/ie/en/pages/deloitte-private/articles/improving-supply-chain-resilience.html [Accessed Thursday November 2020]. Healy, E., 2020. Improving Supply Chain Resilience – Can You Afford Not To? | Deloitte Ireland | Deloitte Private. [online] Deloitte Ireland. Available at: <https://www2.deloitte.com/ie/en/pages/deloitte-private/articles/improving-supply-chain-resilience.html> [Accessed 18 November 2020].