Supply chain management

About: Supply chain management is a research topic. Over the lifetime, 39055 publications have been published within this topic receiving 1082949 citations. The topic is also known as: SCM.

A Supply Risk Reduction Model Using Integrated Multicriteria Decision Making

Abstract: Risk management in supply chains is receiving increasing attention in both academia and industry. Firms are recognizing the importance of considering supply risk in evaluating and selecting suppliers for strategic partnerships. One of the critical issues faced by purchasing managers is in effectively defining, operationalizing, and incorporating supply risk measures in the supplier evaluation process. Due to the multidimensional nature of supply risk, analytical tools that can effectively integrate various risk measures into the decision process can prove useful for managers. To this end, the contribution of this paper is twofold. First, we consider extant research in supply risk in developing a framework for risk assessment based on various categories and types of risks. Second, we propose a combination of analytic hierarchy process and goal programming as a decision tool for supplier selection in the presence of risk measures and product life cycle considerations. The efficacy of the model is tested at a mid-sized automotive supplier and managerial implications are discussed.

Exploring the rationales for ERP and SCM integration

Abstract: Enterprise resource planning (ERP) and supply‐chain management (SCM) have been growing in popularity across various industries. New initiatives in resources planning, electronic commerce and extended supply chain drive the trend among corporations towards integrating strategic business applications. ERP systems assist enterprises in automating and integrating corporate cross‐functions such as inventory control, procurement, distribution, finance and project management. Through information sharing, SCM enables supply‐chain partners to work in close coordination to facilitate supplier‐customer interactions and minimize transaction cost. This research examines these two important concepts in terms of their evolution, functions and current development and further explores the rationales for their integration by analyzing the problems of ERP and presenting the solutions of SCM. This study is concluded with the imminent development of SCM and EPR systems and the industrial trend toward their integration.

Applying the theory of constraints to supply chain collaboration

Abstract: Supply chain collaboration amongst independent firms often provides larger benefits from effectively satisfying end customer needs than working in isolation. However, a lack of awareness about the existence of constraints along the supply chain prevents the benefits of collaboration from being fully realised. This paper attempts to apply the theory of constraints approach to overcome difficulties in realising the potential benefits of supply chain collaboration. Specifically, it shows how the theory of constraints approach can be used to expose an inherent dilemma of collaboration and establish collaborative replenishment policy and collaborative performance metrics so that the chain members can work together to advance supply chain profitability. Several opportunities for future research are recommended.