From the course: Supply Chain Foundations: Project Management

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Analyzing supply chain processes using systems thinking

Analyzing supply chain processes using systems thinking

From the course: Supply Chain Foundations: Project Management

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Analyzing supply chain processes using systems thinking

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- "For every complex problem, there's an answer that is clear, simple, and wrong." That quote from writer HL Mencken reminds us that we're taught to think about the world in terms of simple cause and effect. We expect that the future will resemble the past and that small changes should not have a big impact. That sort of linear thinking can be very useful, but it has limits. Systems thinking involves analyzing an entire supply chain as a system rather than just looking at the individual parts. In this video, we'll see why we need to apply systems thinking in order to understand the behavior of supply chains. Supply chains are much more complex than many people realize. To start with, they aren't chains at all. They're complex networks, systems with many interactions and dependencies. Things can change quickly and small changes can have huge impacts. If Two Trees Olive Oil is experiencing delays in its supply chain, a…

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