<> endobj Performance Information Risk Management Systems (PIRMS). Halldorsson, A, Kotzab, H, Mikkola J., Skjoett-Larsen, T.(2007). endstream DOI: 10.1108/01443570610672220 Corpus ID: 17758687. There are several attempts made by researchers and practitioners to appropriately define SCM. %PDF-1.4 This management theory focuses on the managers ability to invest in and promote human collaboration between employees throughout the global supply chain. <> It ensures that relevant policies are adopted which minimize the costs and increase revenue. 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. 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}, … endstream The theory stipulates that the supply chain management should be oriented towards improving the output within the organization. 22 0 obj x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �14Rp�W� Performance Information Procurement Systems (PIPPS). /Length 5507 >> 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�� 26 0 obj 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). 8 0 obj <> stream 31 0 obj This theory is formulated going by the information knowledge that is available. (Festus & Xiaoming, 2010). /Contents 16 0 R>> (Ketchen & Hult, 2006). 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). [9] endobj 11 0 obj 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 <> Currently, there are three collaborative relationships which have been identified: type 1 involves building data using IT applications, standardizing information. 15 Iss: 6 Pages.454-462. endstream The theory is based on the systems of the organization. x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �1Rp�W� 7 0 obj � �o� It is the planning, execution, controlling costs of inventories, work in progress and the final products from consumption point to the original point. <> endstream x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �1Qp�W� endstream Knowledge-Based View (KBV) theory. � ��� to form a subsystem which is then part of a larger system of supply chains or network. Finally, step 3 involves joint problem solving and warehouse schedule. � ��� /Group <> 24 0 obj <> stream This is a theory which states that all the raw materials which are supplied must be of relevant quality. /Contents 20 0 R>> Agency Theory (AT). Journal of Operations Management, 25(2) Pages 573-580. ?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���. /Contents 4 0 R>> endstream endobj This type requires building trusts, setting joint business goals and designing of inter-connected processes. � ��� <> Perhaps one of the most effective ways of doing so is to apply the theory of constraints (TOC) to supply chain management. This is reflected in the lack of conceptual frameworks for the development of theory on supply chain management. stream An authoritative, quantitative approach to supply chain management. stream Supply-chain management was then further defined as the integration of supply chain activities through improved supply-chain relationships to achieve a competitive advantage. According to Chopra and Meindl (2001), SCM engages the management of flows between and among stages in a supply chain to minimize total cost . � �f� endobj <> endobj 29 0 obj Systems theory is based on the systems in which the institution’s supplies are handled. 30 0 obj � �]� endobj Warehousing: keeping inventory at low levels 4. stream Available to promise (ATP). Network Perspective (NP) theory. Despite a lot of focus on the forward logistics by supply chain management, the importance of reverse logistics cannot be ignored. – 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. <> x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �Tp�W� <>>>] /Contents 30 0 R>> (Ketchen & Hult, 2006) Time-Based Competition Theory (TBC).This is a theory that ensures that the management of supplies is done in time. Supply Chain Management (SCM): Theory and Evolution 5 within a supply chain. endobj <> 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. It is very much an extended This definition implies that … 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�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �14Qp�W� endstream endstream stream stream endobj Manufacturing: improving quality to eliminate defects and returns 3. 10 0 obj 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. <> 23 0 obj <> This book presents the methodology and foundations of supply chain management and also demonstrates how recent developments build upon classic models. Total Quality Management (TQM). endobj <> 4 0 obj <> �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� 25 0 obj Supply Chain Management (SCM) has been widely researched in numerous application domains during the last decade. <> <> 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 x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �14Tp�W� � ��� <> endobj endstream Utilizing this well-known framework of contingency theory in the areas of strategic management and organizational design, SCM is firmly positioned among management theories. This theory ensures that the customer’s agreements are met. Supply Chain Management’s Beginnings. <> endobj 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. stream Several theories have specifically addressed the issue of management information systems. endstream � ��� This explains that all the programs are designed to create a good relationship with the public. This theory is based on the principles under which the institution is governed. /Contents 12 0 R>> x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �1Up�W� /Contents 28 0 R>> Time-Based Competition Theory (TBC) .This is a theory that ensures that the management of supplies is done in time. endobj x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �1Vp�W� Despite the popularity of SCM research and applications, considerable confusion remains as to its meaning. 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 … Materials Logistics Management theory (MLM). 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. /Contents 18 0 R>> stream <> endobj /Contents 26 0 R>> � ��� 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. The theories explained show a close relationship. 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. & Xiaoming, L. (2010). endobj Quick Response Manufacturing (QRM). endobj There is a myriad of concepts which have been conceptualized leading to framing of some of the applicable theories. 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. [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. This is a practice that ensures that all the risks which might be involved during the procurement and supplies process are taken into consideration. endobj <> x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �1Tp�W� � ��� 9 0 obj stream x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �1Sp�W� Bridging organization theory and supply chain management: The case of best value supply chains. /Contents 8 0 R>> 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”). 15 0 obj endstream Supply Chain Management : Practice, Theory, And Future Challenges Essay 999 Words | 4 Pages. 28 0 obj <> endstream (Ketchen & Hult, 2006). Supply chain management plays a large role in the world we live in. � �T� Strategic Choice Theory (SCT). endobj The theory designs mechanisms to ensure that the level of inventory is controlled. (Halldorsson et al., 2007). 12 0 obj 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. (Halldorsson et al., 2007). Transaction Cost Analysis (TCA) theory. � �x� Requirements Chain Management. endstream x�3R��2�35W(�*T0P�R0T(�Y@���@QC= P A�J��� �Pp�W� 17 0 obj This is a theory that ensures that the process of supply is done with considerations of all the relevant procedures and requirements. 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. endobj The issue of the process of linking various stakeholders has also been of a big concern. 16 0 obj develop SCM theory. Customer Relationship Management (CRM) theory. This book explains supply chain management (SCM) using the strategy–structure–process–performance (SSPP) framework. /Contents 22 0 R>> endobj The Theory of Constraints (TOC) is one of the simplest, most powerful supply chain concepts. Few practitioners were able – or even seriously aspired – to extend their reach across the supply chain in the manner prescribed in much modern theory. stream 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. The principals and the agents costs and increase revenue policies are adopted which the! There is a theory which states that all the manufacturing process considerations of all the procedures! And continues to be, developed in the organization the customer ’ s supplies are.. Of Constraints ( TOC ).This is a theory that ensures that the level of inventory controlled... 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