/Length 5507 >> Finally, step 3 involves joint problem solving and warehouse schedule. endobj Despite a lot of focus on the forward logistics by supply chain management, the importance of reverse logistics cannot be ignored. 30 0 obj 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. Bridging organization theory and supply chain management: The case of best value supply chains. stream /Contents 12 0 R>> x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �Pp�W� endstream The theory is based on the systems of the organization. endstream <> x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �1Qp�W� Quick Response Manufacturing (QRM). <> 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. Performance Information Procurement Systems (PIPPS). endobj Materials Requirement Planning (MRP). Transportation: consoli… endobj Supply chain management plays a large role in the world we live in. <> 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 … 12 0 obj endstream to form a subsystem which is then part of a larger system of supply chains or network. (Halldorsson et al., 2007). Performance Information Risk Management Systems (PIRMS). This theory is based on the principles under which the institution is governed. <> endstream 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”). This is a theory that ensures that the process of supply is done with considerations of all the relevant procedures and requirements. endobj 23 0 obj 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 <> This is a practice which designs an information system which measures the performance of procurement processes in the organization. stream x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �1Up�W� Resource-Based View (RBV). Available to promise (ATP). <> endobj stream This theory explains that there should be a quick response in dealing with all the manufacturing process. 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). Type 2 involves joint plannings and decision makings on new products, business plans, forecasting and sales promotions. <> It is the planning, execution, controlling costs of inventories, work in progress and the final products from consumption point to the original point. <> <> 8 0 obj stream 19 0 obj Few practitioners were able – or even seriously aspired – to extend their reach across the supply chain in the manner prescribed in much modern theory. Halldorsson, A, Kotzab, H, Mikkola J., Skjoett-Larsen, T.(2007). /Contents 6 0 R>> There is a myriad of concepts which have been conceptualized leading to framing of some of the applicable theories. /Contents 14 0 R>> endobj endobj Institutional theory (INT). 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 theory designs mechanisms to ensure that the level of inventory is controlled. � �o� Supply Chain Management’s Beginnings. 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. endobj <> 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}, … 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. 9 0 obj 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). This definition implies that … [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. 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. endobj endobj endstream stream endobj Supply Chain Management : Practice, Theory, And Future Challenges Essay 999 Words | 4 Pages. 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��� �14Rp�W� endstream 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. Materials Logistics Management theory (MLM). Procurement: avoiding duplicate procedures 2. 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 … 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�� Supply Chain Management (SCM): Theory and Evolution, Supply Chain Management - Applications and Simulations, Mamun Habib, IntechOpen, DOI: 10.5772/24573. stream (Ketchen & Hult, 2006), The theory stipulates that the supply chain management should be oriented towards improving the output within the organization. DOI: 10.1108/01443570610672220 Corpus ID: 17758687. (Festus & Xiaoming, 2010). x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �1Wp�W� x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �1Vp�W� <> <> <> stream Systems Theory (ST). endobj The theory stipulates that the supply chain management should be oriented towards improving the output within the organization. Supply-chain management was then further defined as the integration of supply chain activities through improved supply-chain relationships to achieve a competitive advantage. Agency Theory (AT). develop SCM theory. Reverse logistics involves material flow from end users to suppliers. (Ketchen & Hult, 2006). A substantial body of academic knowledge has been, and continues to be, developed in the broad SCM domain. Quick Response Manufacturing (QRM). endobj 17 0 obj endstream /Contents 4 0 R>> This type requires building trusts, setting joint business goals and designing of inter-connected processes. endobj /Group <> In a world of soaring digitization, social media, financial transactions, and production and logistics processes constantly produce massive data. In the late 1990s, "supply-chain management" (SCM) rose to prominence, and operations managers began to use it in their titles with increasing regularity. 27 0 obj 15 Iss: 6 Pages.454-462. Supply Chain Management (SCM) has been widely researched in numerous application domains during the last decade. %PDF-1.4 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. <> The issue of the process of linking various stakeholders has also been of a big concern. endobj stream 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. – 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. 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. <> This is a theory which states that all the raw materials which are supplied must be of relevant quality. stream Transaction Cost Analysis (TCA) theory. � �]� 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. (Van Der Vorst, 2004) Van Der Vorst defined supply chain management (SCM) as "the integrated planning, coordination, and control of business … �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� 4 0 obj Total Quality Management (TQM). endstream � ��� <> /Contents 26 0 R>> stream <>>>] 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. endobj � ��� <> Systems theory is based on the systems in which the institution’s supplies are handled. � ��� This management theory focuses on the managers ability to invest in and promote human collaboration between employees throughout the global supply chain. This is a practice that ensures that all the risks which might be involved during the procurement and supplies process are taken into consideration. 22 0 obj 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. /Contents 8 0 R>> Several theories have specifically addressed the issue of management information systems. stream 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. <> x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �14Tp�W� 31 0 obj � �T� Customer Relationship Management (CRM) theory. Theory of Constraints (TOC) .This is a theory that designs a budget line with the required institutional specifications. 7 0 obj This explains that all the programs are designed to create a good relationship with the public. It ensures that relevant policies are adopted which minimize the costs and increase revenue. (Ketchen & Hult, 2006) Time-Based Competition Theory (TBC).This is a theory that ensures that the management of supplies is done in time. 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. <> endobj <> �&�+#���GX. This theory ensures that the customer’s agreements are met. 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 G & Hult, M. (2006). stream endobj 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. 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. . endstream 25 0 obj [9] ?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���. 26 0 obj endstream � ��� /Contents 18 0 R>> & Xiaoming, L. (2010). 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. 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. 1 0 obj 10 0 obj endobj Journal of Operations Management, 25(2) Pages 573-580. It is very much an extended Supply Chain Management: Theory of Constraints. (Ketchen & Hult, 2006). /Contents 10 0 R>> Supply Chain Management (SCM): Theory and Evolution 5 within a supply chain. stream x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �Tp�W� endobj 18 0 obj 6 0 obj <> This theory is formulated going by the information knowledge that is available. Information Sharing and Collaboration Practices In reverse Logistics, Supply Chain Management: an International Journal, Vol. Strategic Choice Theory (SCT). endobj /Contents 16 0 R>> The Theory of Constraints (TOC) is one of the simplest, most powerful supply chain concepts. <> 16 0 obj 3 0 obj Warehousing: keeping inventory at low levels 4. <>/Group <> <> Time-Based Competition Theory (TBC) .This is a theory that ensures that the management of supplies is done in time. � � � Complementary theories to supply chain management. 29 0 obj � �x� /Contents 22 0 R>> x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �14Qp�W� The theories explained show a close relationship. 11 0 obj /Contents 30 0 R>> 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. There are several attempts made by researchers and practitioners to appropriately define SCM. 5 0 obj /Contents 24 0 R>> � �f� 15 0 obj 24 0 obj 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. This is reflected in the lack of conceptual frameworks for the development of theory on supply chain management. Supply Chain Management: An International Journal, Volume 12 Issue 4, 284-296. <> 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. Engineering started with logistics definition implies that … the theory stipulates that the process of supply or... 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