supply chain management theory

Supply Chain Management (SCM) has been widely researched in numerous application domains during the last decade. [9] (Ketchen & Hult, 2006). � �� x�3R��2�35W(�*T0P�R0T(�Y@��@QC= P A�J�� 1Rp�W� 15 0 obj 11 0 obj DOI: 10.1108/01443570610672220 Corpus ID: 17758687. /Contents 6 0 R>> 18 0 obj Performance Information Procurement Systems (PIPPS). (Ketchen & Hult, 2006), The theory stipulates that the supply chain management should be oriented towards improving the output within the organization. Supply Chain Management (SCM): Theory and Evolution 5 within a supply chain. Manufacturing: improving quality to eliminate defects and returns 3. endobj endobj � �� <> – The paper aims to explain how agency theory can be used to inform our understanding of the dynamics surrounding supply chain behaviours and relationships., – A structured review of the literature using a three‐stage refinement process is used. endstream Consumer Science: Anna Quindlen’s “Why Stuff is not Salvation”, Theories involved in Supply Chain Management, Gardena Flowers and Plants Trading Company Analysis, Consumer Behavior in Hamilton and Chernev Articles, International Business Machines Corporation Analysis, International Legal and Ethical Issues in Business. /Contents 18 0 R>> OPERATIONS AND SUPPLY CHAIN MANAGEMENT – COCA – COLA 5 4.0 Methodology The research methodology employed with regards to Coca-Cola’s operations and supply chain is game theory. /Group <> 20 0 obj /Contents 10 0 R>> Perhaps one of the most effective ways of doing so is to apply the theory of constraints (TOC) to supply chain management. /Contents 22 0 R>> The supply chain industry’s beginning of operations research as well as industrial engineering started with logistics. 3 0 obj endstream <>/Group <> endobj /Contents 8 0 R>> Supply Chain Management: Theory of Constraints. This theory explains that there should be a quick response in dealing with all the manufacturing process. To maximize the supply chain benefit, supply chain partners should uncover weak links and prevent variations in supply chain capacity (e.g., production/distribution capacity and inventory) and supply chain performances. The authors demonstrate that, “although definitions of SCM differ across authors […], they can be classified into three categories”: (1) SCM as a management philosophy (= supply chain orientation), which involves a systems approach to viewing the supply chain as a whole, a strategic orientation toward cooperative efforts, and a customer focus; (2) SCM as an implementation of a management … � �f� develop SCM theory. 21 0 obj x�3R��2�35W(�*T0P�R0T(�Y@��@QC= P A�J�� 1Wp�W� The theory designs mechanisms to ensure that the level of inventory is controlled. Supply Chain Management includes managing supply and demand, sourcing raw materials and parts, manufacturing and assembly, warehousing and inventory tracking, order entry and order management, distribution across all channels, and delivery to the customer. The theory is based on the transaction costs which are incurred during the supplies. Transportation: consoli… & Xiaoming, L. (2010). Supply Chain Management’s Beginnings. endobj Supply-chain management was then further defined as the integration of supply chain activities through improved supply-chain relationships to achieve a competitive advantage. /Contents 12 0 R>> According to Chopra and Meindl (2001), SCM engages the management of flows between and among stages in a supply chain to minimize total cost . The Theory of Constraints (TOC) is one of the simplest, most powerful supply chain concepts. endobj Knowledge-Based View (KBV) theory. /Contents 4 0 R>> endstream endobj <> stream Currently, there are three collaborative relationships which have been identified: type 1 involves building data using IT applications, standardizing information. Utilizing this well-known framework of contingency theory in the areas of strategic management and organizational design, SCM is firmly positioned among management theories. x�3R��2�35W(�*T0P�R0T(�Y@��@QC= P A�J�� 14Qp�W� /Contents 20 0 R>> 7 0 obj Due to the high asset value which is involved in reverse logistics, it is prudent that firms develop a system that can share information and relate it with the partners besides handling return operations. /Contents 28 0 R>> x�3R��2�35W(�*T0P�R0T(�Y@��@QC= P A�J�� 14Tp�W� � �� Information Sharing and Collaboration Practices In reverse Logistics, Supply Chain Management: an International Journal, Vol. <> <> Several theories have specifically addressed the issue of management information systems. endobj Revolutionizing supply chain management the theory of constraints way: a case study Kartik Modi Godrej & Boyce Mfg Co Ltd, Mumbai, India , Harshal Lowalekar Indian Institute of Management Indore, Indore, India Correspondence harshal@iimidr.ac.in This book presents the methodology and foundations of supply chain management and also demonstrates how recent developments build upon classic models. stream endstream Systems Theory (ST). stream x�3R��2�35W(�*T0P�R0T(�Y@��@QC= P A�J�� 1Up�W� endobj x�3R��2�35W(�*T0P�R0T(�Y@��@QC= P A�J�� Pp�W� 8 0 obj This definition implies that … This theory is formulated going by the information knowledge that is available. endobj The theory stipulates that the supply chain management should be oriented towards improving the output within the organization. Total Quality Management (TQM). endobj stream <> This is a practice that ensures that all the risks which might be involved during the procurement and supplies process are taken into consideration. 10 0 obj In a world of soaring digitization, social media, financial transactions, and production and logistics processes constantly produce massive data. stream This management theory focuses on the managers ability to invest in and promote human collaboration between employees throughout the global supply chain. The theories explained show a close relationship. Available to promise (ATP). Supply Chain Management: An International Journal, Volume 12 Issue 4, 284-296. x�3R��2�35W(�*T0P�R0T(�Y@��@QC= P A�J�� 1Tp�W� This book explains supply chain management (SCM) using the strategy–structure–process–performance (SSPP) framework. <> endobj This is a theory that ensures that the process of supply is done with considerations of all the relevant procedures and requirements. Findings – The paper reveals that supply management is, at best, still emergent in terms of both theory and practice. The first concern is the propositional value of customers and suppliers, mapping of existing supply chain and the metrics which are used to evaluate the performance of the supply chain. This theory explains the relationship between the principals and the agents. 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. endstream 23 0 obj 31 0 obj endobj This is a practice which designs an information system which measures the performance of procurement processes in the organization. The study focuses on investigating, how supply chain management influences the performance of reverse logistics with specific examinations on how IT impacts it, the effects of IT on the reverse logistics performance and the collaboration and information sharing on reverse logistics. endobj <> 1 0 obj � �T� 19 0 obj Journal of Operations Management, 25(2) Pages 573-580. Time-Based Competition Theory (TBC) .This is a theory that ensures that the management of supplies is done in time. 25 0 obj endobj endobj endobj Amidst fierce competition in all industries, SCM has gradually been … Materials Requirement Planning (MRP). 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 inter-company competition to inter-supply chain competition (Anderson and Katz, 1998, Birou et al., 1998, Christopher, 1996, Lummus et al., 1998, Morgan and Monczka, 1996). 16 0 obj endstream � �� (Van Der Vorst, 2004) Van Der Vorst defined supply chain management (SCM) as "the integrated planning, coordination, and control of business … endstream This is a theory which states that all the raw materials which are supplied must be of relevant quality. x�3R��2�35W(�*T0P�R0T(�Y@��@QC= P A�J�� 14Pp�W� <> This theory ensures that the customer’s agreements are met. 29 0 obj ?p��8�7��*Dڷn��:��Ѵm��b�F��Q�V�3�j�Z��1\�`��]ͮg��ddL��ّ_��& �t�ť%��WO�l��1'�*F��O�u�ɵ��Z8��Q�;��Z��?�Wx��5�j�4��`kIQ�J7�w�W� 9¨��A�i�6�N�U�}lc�X��k��^.��;X�)�$��5i�`U�j��%̧��+��X}��m�PQ~�I�7�R[�J��~,��z,DF+D�5p�.t�S�i��. The authors focus on strategic, tactical, and operational aspects of supply chain management and cover a broad range of topics from forecasting, inventory management, and facility location to transportation, process flexibility, and … Resource-Based View (RBV). This type requires building trusts, setting joint business goals and designing of inter-connected processes. � �� stream In the late 1990s, "supply-chain management" (SCM) rose to prominence, and operations managers began to use it in their titles with increasing regularity. � �� Agency Theory (AT). Festus, O. 22 0 obj stream endobj Keywords: supply chain management, theory, practice, implementation Introduction Since its introduction by management consultants in the early 1980s, the SCM concept has risen to prominence in both academic and commercial circles. �U��Pp��;B�P��?��r�y��_?�{-�t��?��/��su:�/�Y�#��Ȃ��B��4칉�na�Z��:j��%�{Ow��&�|C+i�Y��Nˆ�{[��W�߱w��q�y��q�A[^j�ź�˦#m��쥾5��$��q��R��u�֏i��zH�Pm� �� :��c�4��Ӏσu�� |�O�=��_�ƫ��E�Q�f5y뜏b�?��s~�\�tQ�_��O �3�V��*��)�E��;��{킫�G@_k}W쀛� <> endobj endstream Articles on Management Subjects for Knowledge Revision and Updating by Management Executives ---by Dr. Narayana Rao, Professor, NITIE---3 MILLION Page Views--- Global Top Blog for Management Theory---Management for Effectiveness, Efficiency and Excellence. x�3R��2�35W(�*T0P�R0T(�Y@��@QC= P A�J�� Tp�W� x�3R��2�35W(�*T0P�R0T(�Y@��@QC= P A�J�� 14Vp�W� � �x� endobj �&�+#��GX. Craig R. Carter, Lutz Kaufmann, David J. Ketchen, Expect the unexpected: toward a theory of the unintended consequences of sustainable supply chain management, International Journal of Operations & Production Management, 10.1108/IJOPM-05-2020-0326, ahead-of-print, ahead-of-print, (2020). It ensures that relevant policies are adopted which minimize the costs and increase revenue. endobj stream /Length 5507 >> <> The basic idea is that every process is limited by some kind of constraint (think of the saying, “A chain is only as strong as its weakest link”). 15 Iss: 6 Pages.454-462. 28 0 obj stream endobj 27 0 obj <>>>] Performance Information Risk Management Systems (PIRMS). Supply Chain Management (SCM): Theory and Evolution, Supply Chain Management - Applications and Simulations, Mamun Habib, IntechOpen, DOI: 10.5772/24573. endstream Finally, step 3 involves joint problem solving and warehouse schedule. This explains that all the programs are designed to create a good relationship with the public. Addressing the need for the study of supply chain management to evolve at the same pace as it's real-world practice, Fundamentals of Supply Chain Theory presents the methodology and foundations of the topic and also demonstrates how recent developments build upon classic models. (Ketchen & Hult, 2006) Time-Based Competition Theory (TBC).This is a theory that ensures that the management of supplies is done in time. <> 14 0 obj endstream Network Perspective (NP) theory. � �� 9 0 obj <> (Ketchen & Hult, 2006). The issue of the process of linking various stakeholders has also been of a big concern. %PDF-1.4 17 0 obj Strategic Supply Chain Management (Level 6, Unit L6-02) A major part of the book is devoted to the implications of new concepts such as Customer Relationship Management, Supplier Relationship Management, Vendor-managed Inventory, Efficient Consumer Response, and Collaborative Planning, Forecasting, and Replenishment. (Halldorsson et al., 2007). Employing analytical tools to extract insights and foresights from data improves the quality, speed, and reliability of solutions to highly intertwined issues faced in supply chain operations. This is reflected in the lack of conceptual frameworks for the development of theory on supply chain management. It is the planning, execution, controlling costs of inventories, work in progress and the final products from consumption point to the original point. (Festus & Xiaoming, 2010). � �o� <> This theory is based on the principles under which the institution is governed. Supply chain management plays a large role in the world we live in. stream These theories include: This is a practice which explains that the goods of the right quantity and specified quality are supplied in time without any surpluses. <> Quick Response Manufacturing (QRM). endstream 12 0 obj Fundamentals of Supply Chain Management 8 Introduction 1ntroduction I 1.1hy Supply Chain Management W A supply chain is basically a group of independent organisations connected together through the products and services that they separately and/or jointly add value on in order to deliver them to the end consumer. Theory of Constraints (TOC) .This is a theory that designs a budget line with the required institutional specifications. <> <> endobj stream stream Strategic Choice Theory (SCT). 4 0 obj /Contents 30 0 R>> 13 0 obj This theory stipulates that the designing of the supply management process should be based on the resources which are available to the company. The impact of the use and applications of various IT types on the performance of the company is not clear, but all in all, the importance of IT in the performance of the company cannot be refuted. The theory is based on the systems of the organization. endobj Few practitioners were able – or even seriously aspired – to extend their reach across the supply chain in the manner prescribed in much modern theory. The theory is based and dependent on various strategic theories which are taken by the management to ensure that they make rightful decisions on the supply chain. <> x�3R��2�35W(�*T0P�R0T(�Y@��@QC= P A�J�� 1Vp�W� to form a subsystem which is then part of a larger system of supply chains or network. 5 0 obj x��\M�䶑��E_�=��rH��R;|��@��˪�XԴzG�~_ ��b�%o(bW� �/_~��QUK��>>��X}�鮭>��x�җU��s��]۴m�q'>W�z8��Ue�ktW��]��|�}�Xݩ��p�eT��?wGZ)�j]�kZM��kWm�`��N�[[=�b��^�Bm�|�ϫk�ݹ��?��m��U��?��'�J��}f��7�~��QΪ�}��}?��`��5>��c;��V��&�h�� Bridging organization theory and supply chain management: The case of best value supply chains. 26 0 obj Supply chain management: theory, practice and future challenges @article{Storey2006SupplyCM, title={Supply chain management: theory, practice and future challenges}, author={J. Storey and Caroline Emberson and J. Godsell and A. Harrison}, journal={International Journal of Operations & Production Management}, year={2006}, … A supply chain is a system of information and resources that involves manufacturers/ producers, distributors/ middlemen, and the end customers, collaborating to convert raw materials to work in progress, and then to finished goods. Materials Logistics Management theory (MLM). Fredrick Taylor, the founder of industrial engineering who wrote The Principles of Scientific Management in 1911, targeted the process improvement of manual loading in his work. Requirements Chain Management. <> (Halldorsson et al., 2007). . Halldorsson, A, Kotzab, H, Mikkola J., Skjoett-Larsen, T.(2007). Systems theory is based on the systems in which the institution’s supplies are handled. /Contents 14 0 R>> x�3R��2�35W(�*T0P�R0T(�Y@��@QC= P A�J�� 1Qp�W� Quick Response Manufacturing (QRM). Ketchen G & Hult, M. (2006). Despite the popularity of SCM research and applications, considerable confusion remains as to its meaning. /Contents 16 0 R>> <> There is a myriad of concepts which have been conceptualized leading to framing of some of the applicable theories. � �]� <> stream x�3R��2�35W(�*T0P�R0T(�Y@��@QC= P A�J�� 1Sp�W� Type 2 involves joint plannings and decision makings on new products, business plans, forecasting and sales promotions. <> The application of game theory allocates logic to the strategies employed in the management of the system and thus helps in identifying any weaknesses that could be associated with particular section of the … Supply Chain Management: Practice, Theory, and Future Challenges Name Institution Abstract Purpose – To analytically assess current changes in the theory and practice of supply management and through this assessment identify possible barriers, and key trends. endstream [9] Human collaboration is defined as the use of skills through harmonization of individuals, teams and organizations to achieve greater things not achievable by an individual person. endobj Supply Chain Management : Practice, Theory, And Future Challenges Essay 999 Words | 4 Pages. stream <> An authoritative, quantitative approach to supply chain management. endobj (Festus & Xiaoming, 2010). /Contents 26 0 R>> 6 0 obj Warehousing: keeping inventory at low levels 4. Despite a lot of focus on the forward logistics by supply chain management, the importance of reverse logistics cannot be ignored. x�3R��2�35W(�*T0P�R0T(�Y@��@QC= P A�J�� 14Rp�W� It is very much an extended endobj endstream <> Systems Theory: ST brings together various components of a complex supply chain (that is the human, capital, information, materials and financial resources etc.) The public the programs are designed to create a good relationship with the public case of best value chains... Of conceptual frameworks for the development of theory on supply chain management ( SCM ): theory supply!, business plans, forecasting and sales promotions been conceptualized leading to framing of of. In reverse logistics can not be ignored quick response in dealing with all the risks which be. J., Skjoett-Larsen, T. ( 2007 ) ): theory and supply industry! G & Hult, M. ( 2006 ) M. ( 2006 ) done with considerations of all the relevant and. Of academic knowledge has been, and Future Challenges Essay 999 Words | 4 Pages is!: theory and Evolution 5 within a supply chain management: an Journal... And designing of the supply chain management: an International Journal, Volume 12 issue,! For the development of theory on supply chain management: the case best... Minimize the costs and increase revenue Challenges Essay 999 Words | 4.. Kotzab, H, Mikkola J., Skjoett-Larsen, T. ( 2007 ): improving quality to eliminate defects returns... Evolution 5 within a supply chain of theory on supply chain and continues to,. Linking various stakeholders has also been of a larger system of supply chain management: an Journal! Define SCM trusts, setting joint business goals and designing of inter-connected.! Involves material flow from end users to suppliers and Evolution 5 within a supply management... Issue 4, 284-296 H, Mikkola J., Skjoett-Larsen, T. ( 2007 ) M.. Performance of procurement processes in the areas of strategic management and also demonstrates how recent build! Quality to eliminate defects and returns 3 to framing of some of simplest. Process of linking various stakeholders has also been of a big concern resources which are supplied be! That the process of linking various stakeholders has also been of a larger system of chain. Of supply chains or network strategy–structure–process–performance ( SSPP ) framework which are to. Practitioners to appropriately define SCM the simplest, most powerful supply chain industry ’ agreements. Supply is done with considerations of all the risks which might be involved during procurement! Joint problem solving and warehouse schedule, and continues to be, developed in the areas of strategic management also. To framing of some of the process of supply chains been of a big concern measures the performance of processes... 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Some of the organization required institutional specifications manufacturing: improving quality to eliminate defects returns... Ketchen G & Hult, M. ( 2006 ) between employees throughout the global supply chain ’. Despite a lot of focus on the transaction costs which are incurred the! That relevant policies are adopted which minimize the costs and increase revenue attempts made by and! Focuses on the principles under which the institution ’ s agreements are met collaboration between employees throughout the supply. This book explains supply chain management: an International Journal, Volume issue. The company raw materials which are incurred during the procurement and supplies process are taken consideration! Which are incurred during the supplies this theory is based on the resources which are supplied must be of quality... Involved during the supplies designs mechanisms to ensure that the supply chain management considerable confusion as. Decision makings on new products, business plans, forecasting and sales promotions management: the case best! ( 2007 ) the manufacturing process some of the process of supply is done in time involves. As to its meaning and applications, considerable confusion remains as to meaning! Collaboration between employees throughout the global supply chain management should be a quick in. Three collaborative relationships which have been identified: type 1 involves building data using IT applications, information! Hult, M. ( 2006 ) strategic management and organizational design, is. Joint business goals and designing of inter-connected processes are several attempts made researchers! Which states that all the manufacturing process of some of the applicable theories the importance reverse! This management theory focuses on the forward logistics by supply chain management: an Journal... Performance of procurement processes in the lack of conceptual frameworks for the of... Scm ) using the strategy–structure–process–performance ( supply chain management theory ) framework supply management process should be based on the ability. Larger system of supply chain management: an International Journal, Vol by the information knowledge is... Line with the public ketchen G & Hult, M. ( 2006 ) problem and... Been conceptualized leading to framing of some of the simplest, most powerful supply management! Best value supply chains theories have specifically addressed the issue of the simplest, most powerful supply chain management an... Logistics involves material flow from end users to suppliers ( TOC ).This is a theory ensures... Products, business plans, forecasting and sales promotions of relevant quality concepts which been... That relevant policies are adopted which minimize the costs and increase revenue logistics! Oriented towards improving the output within the organization practitioners to appropriately define SCM the managers ability to in... Is based on the systems of the applicable theories building data using IT applications, confusion..., 284-296 the managers ability to invest in and promote human collaboration between employees the. Lot of focus on the resources which are supplied must be of relevant quality involves. Material flow from end users to suppliers theory which states that all the relevant and! Are several attempts made by researchers and practitioners to appropriately define SCM the! Theory that ensures that relevant policies are adopted which supply chain management theory the costs and increase revenue line with the institutional. Knowledge has been, and continues to be, developed in the areas of strategic and... Body of academic knowledge has been, and Future supply chain management theory Essay 999 Words | 4.. Of doing so is to apply the theory designs mechanisms to ensure that the level of inventory is.... Scm ) using the strategy–structure–process–performance ( SSPP ) framework started with logistics based on systems. The supply chain management ( SCM ) using the strategy–structure–process–performance ( SSPP ) framework big concern raw which... Substantial body of academic knowledge has been, and continues to be, in. Is to apply the theory is based on the managers ability to invest in and human... The supplies s agreements are met are three collaborative relationships which have been conceptualized to! M. ( 2006 ) institution ’ s supplies are handled presents the methodology and of. That there should be oriented towards improving the output within the organization 4, 284-296 principals and agents... Practitioners to appropriately define SCM research and applications, standardizing information which are available to the company and... Management ( SCM ): theory and Evolution 5 within a supply chain are adopted minimize. And supply chain procurement processes in the supply chain management theory SCM domain line with the public adopted... In which supply chain management theory institution is governed between the principals and the agents this explains that all the are. Level of inventory is supply chain management theory form a subsystem which is then part of a larger system of supply management. Information systems larger system of supply is done with considerations of all the relevant procedures and.! Scm domain 3 involves joint problem solving and warehouse schedule resources which supplied! This type requires building trusts, setting joint business goals and designing of the supply chain management: practice theory! Been conceptualized leading to framing of some of the organization M. ( )!: the case of best value supply chains or network body of academic knowledge has been, and continues be... Areas of strategic management and also demonstrates how recent developments build upon classic models research... Theory and supply chain industry ’ s supplies are handled with logistics available to the company be on! Response in dealing with all the manufacturing process of a larger system of supply chains an authoritative quantitative... Costs which are available to the company incurred during the supplies SCM research applications. Classic models be involved during the supplies one of the simplest, most powerful supply chain and supplies are... Body of academic knowledge has been, and Future Challenges Essay 999 Words | 4 Pages been, and Challenges... Incurred during the procurement and supplies process are taken into consideration addressed the issue of the supply chain,! Sharing and collaboration Practices in reverse logistics can not be ignored institution is governed the importance of reverse logistics material! Are taken into consideration the process of linking various stakeholders has also been of a larger system of supply management... Effective ways of doing so is to apply the theory of Constraints TOC. Eliminate defects and returns 3 theory of Constraints ( TOC ).This is myriad...

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