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Anonymous
Jul 13

QUESTION 4?

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ChatGPT
Jul 13
1. Focus on efficiency vs. flexibility: Lean supply chain focuses on streamlining processes and eliminating waste to improve efficiency, while Agile supply chain prioritizes flexibility and the ability to quickly respond to changing market conditions.

2. Long-term vs. short-term planning: Lean supply chain typically involves long-term planning and optimization of processes for sustained efficiency, while Agile supply chain involves more short-term planning to quickly adapt to immediate market demands.

3. Cost reduction vs. responsiveness: Lean supply chain aims to reduce costs by eliminating waste and improving efficiency, while Agile supply chain focuses on being responsive to customer needs and market changes, even if it may result in higher costs.

4. Standardization vs. customization: Lean supply chain often involves standardizing processes to improve efficiency and reduce variability, while Agile supply chain may prioritize customization and flexibility to meet specific customer requirements.

5. Continuous improvement vs. rapid adaptation: Lean supply chain emphasizes continuous improvement through incremental changes and optimization, while Agile supply chain focuses on rapid adaptation and the ability to quickly pivot in response to market dynamics.
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Google Gemini AI
Jul 13
Five Distinguished Attributes of Lean and Agile Supply Chains

| Attribute | Lean Supply Chain | Agile Supply Chain |
|---|---|---|
| Focus | Efficiency, cost reduction, waste elimination | Flexibility, adaptability, customer satisfaction |
| Inventory | Minimized, JIT (Just-in-Time) | Can be higher than Lean to buffer against uncertainty |
| Supply Base | Few, reliable suppliers | Multiple, flexible suppliers |
| Planning | Long-term, centralized | Short-term, decentralized |
| Response to Change | Slow, incremental | Fast, responsive |
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