In today's global, dynamic
economy, it is beneficial for companies to operate a supply chain that is both
Lean and agile. Using Lean and agile in combination is known as a hybrid supply
chain strategy.
A Lean supply chain focuses on adding value for customers, while identifying and eliminating waste anything that doesn't add that value. Being agile and responsive, on the other hand, implies that your supply chain can handle unpredictability and a constant stream of new, innovative products with speed and flexibility.
An agile supply chain must be
responsive to actual demand, and capable of using information as a substitute
(to some degree) for inventory through collaboration and integration with key
customers and suppliers.