We have a diverse project portfolio at WMG’s Supply Chain Research Group, ranging from fundamental research to applied research at high TRL levels. Our ability to deal with ambiguity in the complex contexts in which our supply chains operate is reflected in how we react to changes and prepare for disruptions. To that end, we’ve established a set of methodologies for putting theory into reality. As the Supply Chain Resilience Hub evolves, new updated methodologies will be available to help develop resilient supply chains in the UK and around the world.
Methodologies
Methodologies
Coopetitive Business Model Methodology
Coopetitive business model methodology was developed as a framework for different industry participants to collaborate and integrate resources in order to generate new value propositions. Using design thinking principles and the business model canvas, this methodology will support organisations in creating an environment conducive to new and disruptive ideas that can gain potential competitive advantages while leveraging capabilities from co-opetitors (new actors in the supply chain, as well as, cross industrial collaboration).
Scenario-Driven Market Opportunity Analysis
The goal of scenario-driven market opportunity analysis methodology is to assist organisations in identifying new opportunities to navigate complex market conditions and the next generation of customers.
It employs a structured approach to provide practitioners with a series of prospective future scenarios as well as an outline of their various market opportunities to aid in the formulation of future supply chain and marketing strategies.
Supply Chain Productivity Methodology
The supply chain productivity methodology aims to improve the productivity of a focal firm and a named customer and supplier through the implementation of an integrated planning process.
The UK has seen a productivity improvement in its output per hour for Q1 2021, increased by 0.9% compared to the same quarter in 2020. Despite the positive productivity growth, there is still a long way to go for the UK to unlock its “productivity puzzle”.
Net Zero Methodology
The topic of climate change has become one of humanity’s most critical problems today. Like many other nations, the UK is making aggressive efforts to solve this issue. The Net Zero (NZ) method is one of the most significant solutions currently being studied. The NZ approach aims to reduce greenhouse gas emissions to zero by 2050, and it has been recognised as a critical pathway towards mitigating climate change. This methodology aims to help companies and regions achieve the NZ target by providing individual practitioners and policymakers with potential best practices from different perspectives collected from the literature.
Circular Economy Methodology
This system seeks to reduce waste and pollution by promoting reuse, repurpose, and recycling of resources. It represents a departure from the traditional linear economy model of take-make-dispose to a more sustainable and regenerative model that maximises the use of resources and minimises the extraction and use of finite resources. By adopting CE principles, businesses can reduce waste, increase resource efficiency, and create new business opportunities while promoting social and economic inclusion. It can also help create a more sustainable and resilient economy and reduce the impact of industrial production.
Market-based and resources-based opportunity analysis methodology
In today’s dynamic business environment, organisations must identify and capitalise on market opportunities to succeed. Market opportunities can refer to favourable circumstances that allow a company to introduce a new product to an existing market or enter a new market, potentially generating significant profits. It can also refer to the current or potential benefits a geographic area offers to businesses that operate within it. However, identifying market opportunities can be challenging, as it requires a deep understanding of customer needs, market trends, and the competitive landscape.