Transaction cost economics in supply chain management. Stakeholder influences and risks in sustainable supply. Supply chain managers and leaders also should encourage and reward positive emergent behaviors. In this paper, authors intend to redesign itescm model that is the revised form of original itescm. This definition implies that scm involves management of flows of. Theory and evolution, supply chain management applications and simulations, mamun. Sep 10, 2018 this paper aims to strive to close the current research gap pertaining to potential implications of the blockchain for supply chain management scm by presenting a framework built on four established economic theories, namely, principal agent theory pat, transaction cost analysis tca, resourcebased view rbv and network theory nt. Similarly, a supply chain practitioner might say, theory is fine, but case studies are better. With this in mind, you and your logistics partner should determine the most effective methods and theories to. Artificial intelligence ai was introduced to develop and create thinking machines that are capable of mimicking, learning, and replacing human. The focal firms in each instance were sophisticated, blue. The origin of the supply chain concept has been inspired by many fields including 1 the quality revolution dale et al.
Fundamentals of supply chain management 10 introduction figure 1. Supply chain analytics for perishable products, springer 20 slides from principles of supply chain management. Addressing the need for the study of supply chain management to evolve at the same pace as its realworld practice, fundamentals of supply chain theory presents the methodology and foundations of the topic and also demonstrates how recent developments build upon classic models. Fundamentals of supply chain theory, second edition contains new chapters on transportation traveling salesman and vehicle routing problems, integrated supply chain models, and applications of supply chain theory.
Supply chain management seeks improved performance through better use of internal and external capabilities in order to create a seamlessly coordinated supply chain, thus elevating intercompany competition to inter supply chain competition anderson and. Sustainable supply chain design in social businesses. Supply chain management spans all movement and storage of raw materials, workinprocess inventory, and finished goods from point of origin to point of consumption. Some theoretical foundations of supply chain management. Logistics operations have alw ays been accompanying life in. We consider a world economy with an arbitrary number of countries, one factor of production, a. Here are 10 recent supply chain case studies that provide a. Theoretical basis of supply management the network theory. Indeed, without focusing on the supply chain before focusing on how to.
Figure l schematic diagram of a supply chain shaded within the total supply chain network the traditional view on a supply chain is the cycle view chopra and meindl, 2001. Some theoretical foundations of supply chain management and. The dynamics involved in reaching this equilibrium are assumed to be too complicated for the average highschool student. Perhaps one of the most effective ways of doing so is to apply the theory of constraints toc to supply chain management. Fundamentals of supply chain theory, 2nd edition wiley. Supply chain managers and leaders need to anticipate the risk of negative emergent behaviors and respond when they appear. Supply chain integrationfrom a resource based view perspective empirical evidence from jordans garment manufacturers. Theory of constraints toc supply chain replenishment system tocscrs is one of the solutions to get this improvement in a multiechelon supply chain.
This is often due to the conflicting pressures of differentiation and interdependence in a supply chain, where members may withhold information that they feel could compromise their interests. This is reflected in the lack of conceptual frameworks for the development of theory on supply chain management. Apr 06, 2018 candy is dandy, but liquor is quicker. Logistics origin, sources and periods of development.
According to chopra and meindl 2001, scm engages the management of flows between and among stages in a supply chain to minimize total cost. A theory of the supply chain supply chain management. Jul 01, 2006 the purpose of this paper is to critically assess current developments in the theory and practice of supply management and through such an assessment to identify barriers, possibilities and key trends. Figure 2 illustrates an education supply chain and a research supply chain, which together form the integrated supply chain for the universities 14 15 2124. Despite the largebody of research devoted to the topic of supply chain integration in. Theory and evolution, supply chain management applications and simulations, mamun habib, intechopen, doi. Product tracking refers to the tracing of unit level items i. Cooper 2000 issues in supply chain management, industrial marketing. Publication details, including instructions for authors and subscription information. On theory in supply chain uncertainty and its implications. Pdf complementary theories to supply chain management. The search terms supply chain and risk were used, as adopted by ho et al. Often this comprises assertions about what it essentially is.
Comprehensively teaches the fundamentals of supply chain theory this book presents the methodology and foundations of supply chain management and also demonstrates how recent developments build upon classic models. Therefore, the purpose of this research was to move the theory of supply chain forward into the sustainable supply chain management sscm research agenda. Consequently, this area of research is also marked by the use of many different theories and associated models and conceptual frameworks. New sections have also been added throughout, on topics including machine learning models for forecasting, conic optimization for. In this view the processes in a supply chain are divided into a series of. Mesolevel uncertainty is the lack of information needed by a supply chain member, corresponding to the information processing theory perspective. The basic supply chain model at the end of a supply chain is the product andor service that are created by the supply chain for the end consumer. Essentials of supply chain management is the definitive guide to the field, providing both broad coverage and necessary detail from a practical, realworld perspective. With this in mind, you and your logistics partner should determine the most. At the time a theory that the retail supply chain could be seamlessly connected by a single forecast only at product store level.
Game theory in supply chain a nalysis 9 indeed, it is possible the outcome is not e ven an equilibrium because the players ma y choose strategies from di. When two chains combine supply chain meets blockchain. Glasersegura, phd slides from introduction to supply chain management, by david. In this type of supply chain logistics, inventory is acquired on a needbasis. Building human resources for supply chain management. In the 1940s and 1950s, the focus of logistics research was on how to use mechanization e. Supply chain roadmap fundamentals an overview of supply chain strategy. From clear explanation of fundamental concepts to insightful discussion of supply. The different types of supply chain management methods and. Over the last 100 plus years of the history of supply chain management has evolved from an initial focus on improving relatively simple, but very laborintensive processes to the present day engineering and managing of extraordinarily complex global networks.
Pdf key concepts of supply chain management michael. The theory of constraints 157 waiting line theory 160 littles law 164 chapter summary 166. A methodology to understand, describe and redesign a supply chain hernan david perez supply chain roadmap. We have adopted a unionist perspective larson and halldorsson, 2004 whereby logistics is considered part of scm. Pull supply chain under pull supply chain, the process of manufacturing and supplying is driven by actual customer demand. The purpose of this paper is to critically assess current developments in the theory and practice of supply management and through such an assessment to identify barriers, possibilities and key trends. Theories about procurement and supply chain management. An integrated view of these theories and models is summarised in a framework. Supply chain management problems supply chain management scm is the process of planning, implementing, and controlling the operations of the supply chain as efficiently as possible. The benefits of this type of planning include less wastage in the case of lower demand. Forthcoming in supply chain analysis in ebusiness era, d. The toc is a global managerial methodology that helps the manager to concentrate on the most critical issues. Theory of constraints toc for supply chain management.
St brings together various components of a complex supply chain that is the human, capital, information, materials and financial resources etc. For supply chain, theory is fine, but case studies are better. All stakeholders in the ecosystem can 1 access the provenance, 2 authenticate items, and 3 prove compliance. Because each individual business has its own needs, a onesizefitsall supply chain solution doesnt exist. Through perseverance, hard work, luck, many pilots and attempts, flowcasting has moved beyond the realm of theory and is now being put into practice. The theory of supply management it is apparent that much of the focus in the increasingly voluminous literature on supply strategy, operations strategy and supply chain management is directed at meaning making.
Thus, the fundamental reason of a supply chain s existence is hinged on to serving the endconsumer in the market place. The theory argues that for a holistic perspective st must be employed to understand the internal. Journal of operations management 22 2004 119150 towards a theory of supply chain management. This is reflected in the lack of conceptual frameworks for the development of theory on supply chain. Supply chain integrationfrom a resource based view. Jun 19, 2019 although supply chains have been used since the 1940s, many aspects of modern supply chains are still based on theories or relatively new methods. Consequently, this area of research is also marked by the use of many different theories.
The concept of supply chain has been considered from different points of view in different literature and there is a relative lack of theoretical work compared to empirical based studies. Toward that purpose, the paper analyzes the sustainable supply chain design sscd at social businesses, incorporating the physical chain and the information and financial support chains. The evolution and history of supply chain management. Besides managing the overall supply chain, these theories include the management of supplier relationships with respect to making effective use of the supply base. Nevertheless, the strategic position of supply man. Game theory has become an essential tool in the analysis of supply chains with multiple agents, often with conflicting objectives. Thus, the fundamental reason of a supply chains existence is hinged on to serving the endconsumer in the market place. Managing complexity and supply chain sentiment complexity theory and supply chain organizational behavior are not limited to. A theory of the supply chain supply chain management research.
What is push and pull strategy in supply chain management. To maximize the supply chain benefit, supply chain partners should uncover weak links and prevent variations in supply chain capacity e. First the history and development of transaction cost economics is illuminated to get to know its reason of. The unit load concept gained popularity and the use. Stakeholder theory has already been widely used within the supply chain context in order to explain supply chain issues. Applying stakeholder theory to supply chain management. The tocscrs is a replenishment method of the toc supply chain solution. An authoritative, quantitative approach to supply chain management addressing the need for the study of supply chain management to evolve at the same pace as its realworld practice, fundamentals of supply chain theory presents the methodology and foundations of the topic and also demonstrates how recent developments build upon classic models. Supply chain structures on the internet and the role of marketingoperations interaction. A study of theory of constraints supply chain replenishment. The theory of change for building human resources for supply chain management hr4scm toc was developed to describe the impact of interventions and investments in human resources for supply chain management scm, efforts which aim to improve supply chain performance by ensuring the availability of. An elementary theory of global supply chains arnaud costinot mit and nber jonathan vogel columbia university and nber su wang mit december 2011 abstract this paper develops an elementary theory of global supply chains.401 119 1045 347 564 1441 712 1366 1224 422 1559 324 1181 1164 1025 154 1153 1332 122 966 925 1304 1064 713 38 1128 370 671 683 1494 1372 200 776 1408 568 1170 1155 1330 776 556 18 182 788 316 919 155