Buyer-Supply networks are composed of multiple numbers of firms from a variety of interrelated industries. Such networks are subject to shifting strategies and objectives within a dynamic environment, guided by (micro factors) internal factors of the individual firms and also by the (macro factors) industry dynamics of the same. Today, supply chain management involves adapting [Click to read more..]
A supply chain is essentially a network of inter-connected and interdependent organizations mutually and cooperatively working together to control, manage and improve the flow of materials and information from the suppliers to the end users. The very definition shows how important information sharing plays a huge role in the management of the supply chain, since [Click to read more..]
Today the buzz word in supply chain management is a lean supply chain. Question is, although lean supply chain offers many benefits, it has its own set of management challenges. Lean supply chain management is not only for the manufacturing companies but for any setups which need to streamline processes by eliminating non-value added activities. [Click to read more..]
E-markets have been established in many industries as a sourcing option for buyers. Research has implied that the e-markets have substitutional effect on the traditional supply chain, yet in many situations, e-markets are used by buyers as a benchmarking tool in negotiations with traditional suppliers. The late 1990s and early 2000s have seen the rise [Click to read more..]
Today, many supply chain managers believe that there are multiple risks involved in a supply chain, and yet are often ill-equipped to handle the same. Many of the risk factors develop from a pressure to enhance productivity, minimize waste, remove supply chain duplication, and improve bottom-line. Risks are typically classified as systematic risks and unsystematic [Click to read more..]
