Topic
Value chain
About: Value chain is a research topic. Over the lifetime, 7206 publications have been published within this topic receiving 224183 citations.
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TL;DR: This longitudinal study of a major European manufacturer suggests that to understand how firm boundaries are set and what their impacts are, it needs to complement the microanalytic focus on transactions with a systemic analysis at the level of the firm.
Abstract: The concept of vertical architecture defines the scope of a firm and the extent to which it is open to final and intermediate markets; it describes the configurations of transactional choices along a firms value chain. A firm can make or buy inputs, and transfer outputs downstream or sell them. Permeable vertical architectures are partly integrated and partly open to the markets along a firms value chain. Increased permeability enables more effective use of resources and capacities, better matching of capabilities with market needs, and benchmarking to improve efficiency. Partial integration promotes a more dynamic, open innovation platform and enhances strategic capabilities by linking key parts of the value chain. This permeable vertical architecture, accompanied by appropriate transfer prices and incentive design, facilitates resource allocation and guides a firms growth process. Our longitudinal study of a major European manufacturer suggests that to understand how firm boundaries are set and what their impacts are, we need to complement the microanalytic focus on transactions with a systemic analysis at the level of the firm. It also shows how, over and above transactional alignment, decisions about boundaries and vertical architectures can transform a firms strategic and productive capabilities and prospects.
353 citations
TL;DR: In this paper, the authors present the beneficial dynamic effects of enriching each supply chain member's order decision with undistorted market sales, and conclude that tremendous benefits can result from adopting a holistic approach if the attitudinal problems associated with information sharing can be overcome.
Abstract: Speed of response to customer demand has long been recognized as a key attribute to business success since customer loyalty can be won or lost on product availability. With everyone implementing lean manufacturing philosophies, companies additionally need to become smart chain managers and ensure continuous improvement to stay competitive. Exploits further the concept of the “seamless supply chain”, by encouraging market place information to move through the supply chain with as little distortion as possible. The simulation model used to benchmark performance improvement is representative of both the MIT beer game and much experimental industrial practice. It is therefore realistic as an aid to the implementation of decision support systems (DSS). Presents the beneficial dynamic effects of enriching each supply chain member’s order decision with undistorted market sales. Concludes that tremendous benefits can result from adopting a holistic approach if the attitudinal problems associated with information sharing can be overcome.
351 citations
TL;DR: In this article, a new model for service supply chains is developed and applied to the healthcare industry, and the results of this study are relevant both to practitioners in the services industry and to researchers conducting further studies in the field.
Abstract: Despite the extensive amount of academic work devoted to supply chain management, today the structure of service supply chains still remains unexplored. The aim of this paper is to verify and explain this gap with regard to the unique nature of the services industry and the applicability of existing supply chain management literature to service businesses. This paper develops a new model for service supply chains and applies it to the healthcare industry. The results of this study are relevant both to practitioners in the services industry and to researchers conducting further studies in the field.
350 citations
TL;DR: The findings suggest that blockchain technology together with advanced information and communication technology and internet of things have been adopted for the improvement of agri-food value chain management in four main aspects: traceability, information security, manufacturing and sustainable water management.
348 citations
TL;DR: In this paper, an analysis of three successful IoT implementation cases in manufacturing companies, representing different industry sectors such as metal processing, power generation and distribution, is provided, and the results of the empirical research presented in the paper provide an insight into different ways of creating value in servitisation.
346 citations