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On Friday, March 17, 2000, in Albuquerque, New Mexico, a bolt of lightning struck a factory of Philips NV, the Dutch electronics conglomerate, causing the furnace in Fabricator No. 22 to catch fire. At that time, it did not seem to be a major event. The automatic sprinkler systems were activated, and Philips staff put out the fire in less than 10 minutes. By the time the firefighters responded, they had nothing to do but verify that the plant was safe. What nobody realized that night was that the fire had compromised two of the four clean rooms crucial for the manufacturing of special chips for cell phones. [Continue…] »

From Bill Walker’s book “Supply Chain Architecture”, the five “V” principles of a high velocity supply chain are: Velocity, Variability, Vocalization, Visibility, and Value.