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Companies must integrate their supply chains when their business models are driven by markets given their exposure to supply–demand mismatches. The value of supply chain integration increases with product variety and/or the complexity of logistics networks. This chapter delves into three critical aspects of supply chain integration: (1) capacity management, (2) lead-time reduction, and (3) delayed differentiation. Then, it discusses how to achieve cost efficiency in integrated supply chains through a hybrid strategy of reducing both costs and lead times systematically.
Supply chain management is a substantially complex area for many businesses due to its diverse set of actions, agents, decisions, risks, and uncertainties. Consequently, supply chains often break up in disarray due to their structural complexity coupled with risks and uncertainties in the absence of clear objectives. Işık Biçer addresses these issues by uncovering the fundamental trade-offs of supply chain management, their economic causes, and strategic implications. He offers a novel framework of supply chain management based on its role in economic systems. The framework shows four effective supply chain strategies according to business models and organizational sensitivity to operational trade-offs. Furthermore, it offers a detailed account of the digital transformation of supply chains, elaborating on crucial aspects of the design and implementation of digitalization. This is an indispensable source for supply chain professionals, consultants, economists, and policymakers with a keen interest in supply chain management.
Creating a well-integrated, resilient, and highly transparent supply chain is central to effective and safe patient care. But managing healthcare supply chains is complex; common challenges include the underuse, overuse, and misuse of health resources. This Element introduces the key principles and definitions of healthcare supply chains. Practical insights into the design and operation of healthcare supply chains are provided. Core characteristics of effective supply chain management such as performance management, systems thinking, and supply chain integration are examined along with the application of specific supply chain design and improvement approaches. Finally, the Element proposes areas that require further development both in research and practice. This title is also available as open access on Cambridge Core.
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