Supply chain design and optimization has been covered in this blog to a great extend. The concept of design implicitly assumes that there is at least one designer, who decides how the desired “optimal” supply chain design should look like.
Defining a supply chain as a group of legally independent companies, shows that the complexity in this decision process might be drastically increased, since one has to include multiple players and their goals in the process.
Increasing oil prices make it more rewarding to look for alternative energy sources to fuel future propulsion.
In the case of the reviewed paper today I selected one of a few papers I recently discovered on this topic. If you like to know more just let me know.The basic assumption of this paper sets hydrogen as the replacement energy storage for oil.
The quantification of supply chain planning is the next step in the field of supply chain optimization. After operational and logistical aspects have been modeled and optimized, margins for further improvement remain slim.
Based on this premise the paper I review today suggests and tests several alternative multilevel planning approaches to gain further supply chain improvements by optimizing the mid-term supply chain design.
An ongoing debate in supply chain management is about the degree to which companies should collaborate with their supply chain partners. In business and research the concept is called supply chain integration and may also be a useful strategy for reducing certain risks. And of course it is an often used strategy in supply chain management in general
Analyzing the effect of supply chain integration on performance therefore is an important issue in SCM research.
Not only earthquakes and terrorist attacks can lead to supply chain disruptions. Supply chains are also subject to behavioral risks, meaning that participants of the supply chain could exhibit behavior which might be consistent with their goals, but contrary to the goals of the supply chain’s other participants.
Submitted by Daniel Dumke on Mon, 2011-12-19 17:35
Paper
Optimal newsvendor policies for dual-sourcing supply chains: A disruption risk management framework
Year:
2012
This is the continuation of the Greece week and today I am going to have a look at a mathematical model to capture the effects of dual disruptions in a news-vendor model.
This time the three authors (Xanthopoulos, Vlachos and Iakovou) come from the Aristotle University of Thessaloniki.
This week is dedicated to the works on supply chain management from Greek supply chain researchers. Today’s article has been published in the Journal of Management Sciences (Omega) by four researchers from northern Greece and the UK.
This article sheds light on the question of how much flexibility is necessary to secure the supply chain against disruption risks.
The paper reviewed today takes a closer look at three supply chain risks: supply, process and demand risks (figure 1).
, edited by Stadtler and Kilger.
