The theory is based on the systems of the organization. endstream endobj <> (Halldorsson et al., 2007). Halldorsson, A, Kotzab, H, Mikkola J., Skjoett-Larsen, T.(2007). /Group <> Ketchen G & Hult, M. (2006). Time-Based Competition Theory (TBC) .This is a theory that ensures that the management of supplies is done in time. This book presents the methodology and foundations of supply chain management and also demonstrates how recent developments build upon classic models. endobj endobj <> 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). endobj 14 0 obj � ��� 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. 15 Iss: 6 Pages.454-462. x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �14Pp�W� Finally, step 3 involves joint problem solving and warehouse schedule. Type 2 involves joint plannings and decision makings on new products, business plans, forecasting and sales promotions. 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. 7 0 obj Transaction Cost Analysis (TCA) theory. This management theory focuses on the managers ability to invest in and promote human collaboration between employees throughout the global supply chain. /Contents 6 0 R>> endobj endobj Procurement: avoiding duplicate procedures 2. There are several attempts made by researchers and practitioners to appropriately define SCM. endobj 16 0 obj 22 0 obj �&�+#���GX. stream Complementary theories to supply chain management. endstream 27 0 obj /Length 5507 >> Manufacturing: improving quality to eliminate defects and returns 3. <> endstream stream Materials Logistics Management theory (MLM). endobj 2.1 Definition of a supply chain In this chapter we take a process view, which means we look at a supply chain as a sequence of (decision making and execution) processes and (material, information and money) flows that aim to meet final customer requirements The issue of the process of linking various stakeholders has also been of a big concern. /Contents 12 0 R>> develop SCM theory. <> <> endstream 24 0 obj Several theories have specifically addressed the issue of management information systems. Supply chain management plays a large role in the world we live in. 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}, … 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. 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). DOI: 10.1108/01443570610672220 Corpus ID: 17758687. x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �14Qp�W� This theory explains that there should be a quick response in dealing with all the manufacturing process. � ��� Quick Response Manufacturing (QRM). Requirements Chain Management. (Ketchen & Hult, 2006), The theory stipulates that the supply chain management should be oriented towards improving the output within the organization. <> endobj stream <> This definition implies that … endobj endobj � �f� 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 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”). (Festus & Xiaoming, 2010). This explains that all the programs are designed to create a good relationship with the public. <> Utilizing this well-known framework of contingency theory in the areas of strategic management and organizational design, SCM is firmly positioned among management theories. Systems theory is based on the systems in which the institution’s supplies are handled. endobj x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �1Rp�W� endobj endobj stream (Van Der Vorst, 2004) Van Der Vorst defined supply chain management (SCM) as "the integrated planning, coordination, and control of business … This theory is based on the principles under which the institution is governed. Supply Chain Management (SCM): Theory and Evolution, Supply Chain Management - Applications and Simulations, Mamun Habib, IntechOpen, DOI: 10.5772/24573. endstream Performance Information Risk Management Systems (PIRMS). <> 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. endobj /Contents 24 0 R>> 17 0 obj 3 0 obj The theories explained show a close relationship. Agency Theory (AT). The theory stipulates that the supply chain management should be oriented towards improving the output within the organization. There is a myriad of concepts which have been conceptualized leading to framing of some of the applicable theories. The theory designs mechanisms to ensure that the level of inventory is controlled. x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �1Qp�W� An authoritative, quantitative approach to supply chain management. 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. Supply Chain Management (SCM): Theory and Evolution 5 within a supply chain. /Contents 22 0 R>> � ��� Festus, O. 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 … <> This is a theory that ensures that the process of supply is done with considerations of all the relevant procedures and requirements. Warehousing: keeping inventory at low levels 4. <> 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. This theory ensures that the customer’s agreements are met. Network Perspective (NP) theory. /Contents 28 0 R>> x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �1Up�W� <> /Contents 18 0 R>> /Contents 4 0 R>> <> Supply Chain Management’s Beginnings. /Contents 26 0 R>> 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�� (Ketchen & Hult, 2006) Time-Based Competition Theory (TBC).This is a theory that ensures that the management of supplies is done in time. <>/Group <> /Contents 14 0 R>> This theory stipulates that the designing of the supply management process should be based on the resources which are available to the company. endobj endobj stream /Contents 20 0 R>> stream 21 0 obj stream It is the planning, execution, controlling costs of inventories, work in progress and the final products from consumption point to the original point. <> Despite a lot of focus on the forward logistics by supply chain management, the importance of reverse logistics cannot be ignored. It ensures that relevant policies are adopted which minimize the costs and increase revenue. endobj 10 0 obj This is reflected in the lack of conceptual frameworks for the development of theory on supply chain management. /Contents 10 0 R>> [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. 30 0 obj The supply chain industry’s beginning of operations research as well as industrial engineering started with logistics. � ��� stream endstream to form a subsystem which is then part of a larger system of supply chains or network. endobj <> x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �14Tp�W� 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. 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. <> 19 0 obj endstream x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �1Vp�W� Reverse logistics involves material flow from end users to suppliers. Strategic Choice Theory (SCT). endobj According to Chopra and Meindl (2001), SCM engages the management of flows between and among stages in a supply chain to minimize total cost . Performance Information Procurement Systems (PIPPS). Knowledge-Based View (KBV) theory. This book explains supply chain management (SCM) using the strategy–structure–process–performance (SSPP) framework. endstream x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �14Rp�W� endstream Systems Theory (ST). Customer Relationship Management (CRM) theory. /Contents 16 0 R>> <>>>] (Halldorsson et al., 2007). <> 8 0 obj – 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. Journal of Operations Management, 25(2) Pages 573-580. 23 0 obj 4 0 obj This theory explains the relationship between the principals and the agents. Transportation: consoli… 25 0 obj Supply Chain Management : Practice, Theory, And Future Challenges Essay 999 Words | 4 Pages. 5 0 obj endobj � �o� Amidst fierce competition in all industries, SCM has gradually been … <> 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. This is a theory that gives relationship and explanations on all the networks which are available to facilitate connections between all levels in supply management. This is a practice which designs an information system which measures the performance of procurement processes in the organization. & Xiaoming, L. (2010). � ��� endobj This type requires building trusts, setting joint business goals and designing of inter-connected processes. Currently, there are three collaborative relationships which have been identified: type 1 involves building data using IT applications, standardizing information. (Ketchen & Hult, 2006). /Contents 30 0 R>> It is very much an extended endobj x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �1Sp�W� Supply Chain Management: Theory of Constraints. Despite the popularity of SCM research and applications, considerable confusion remains as to its meaning. endobj �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� Findings – The paper reveals that supply management is, at best, still emergent in terms of both theory and practice. x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �1Tp�W� [9] endstream 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. (Ketchen & Hult, 2006). 15 0 obj 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. 18 0 obj endstream Quick Response Manufacturing (QRM). <> 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. stream 29 0 obj 1 0 obj %PDF-1.4 endstream endobj <> 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. Information Sharing and Collaboration Practices In reverse Logistics, Supply Chain Management: an International Journal, Vol. Supply-chain management was then further defined as the integration of supply chain activities through improved supply-chain relationships to achieve a competitive advantage. This is a theory which states that all the raw materials which are supplied must be of relevant quality. stream � ��� <> x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �1Wp�W� � �]� stream <> ?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���. stream Supply Chain Management: An International Journal, Volume 12 Issue 4, 284-296. 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. 31 0 obj 11 0 obj Bridging organization theory and supply chain management: The case of best value supply chains. 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. This theory states that before goods are ordered and subsequently supplied, there is a need to plan everything that is required with the specifications of each customer. 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 … 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. 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. /Contents 8 0 R>> <> 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. 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. <> <> A substantial body of academic knowledge has been, and continues to be, developed in the broad SCM domain. 26 0 obj endstream 20 0 obj x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �Tp�W� 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. In a world of soaring digitization, social media, financial transactions, and production and logistics processes constantly produce massive data. � � � 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. Institutional theory (INT). In the late 1990s, "supply-chain management" (SCM) rose to prominence, and operations managers began to use it in their titles with increasing regularity. 9 0 obj 28 0 obj endobj x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �Pp�W� Materials Requirement Planning (MRP). � �T� endobj Resource-Based View (RBV). Available to promise (ATP). � ��� stream Supply Chain Management (SCM) has been widely researched in numerous application domains during the last decade. stream 12 0 obj <> Theory of Constraints (TOC) .This is a theory that designs a budget line with the required institutional specifications. � ��� 13 0 obj endstream <> endobj x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �14Vp�W� The theory is based on the transaction costs which are incurred during the supplies. stream 6 0 obj Systems Theory: ST brings together various components of a complex supply chain (that is the human, capital, information, materials and financial resources etc.) 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 … This theory is formulated going by the information knowledge that is available. 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The process of supply chains or network information knowledge that is available engineering started logistics.

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