scholarly journals Framework for advanced supply chain planning: Large-scale petrochemical companies

2011 ◽  
Vol 8 (3) ◽  
pp. 452-463 ◽  
Author(s):  
Johan J. Louw ◽  
Wessel Pienaar
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Supply Chains ◽  
Customer Service ◽  
Large Scale ◽  
Supply Chain Planning ◽  
Proactive Approach ◽  
Logistics Networks ◽  
Advanced Planning ◽  
Decision Making Processes

Most petrochemical companies are undergoing radical changes. The markets being served have expanded globally, customer service expectations have increased, and demand has become much more volatile and hence less predictable. The resulting product supply chains evolve/develop over time, with integrating decision-making processes and advanced planning practices becoming more prominent. A proactive approach with longer time horizons becomes the norm for excellence. Refinery expansion and highly integrated/sophisticated manufacturing technology have also contributed to increased interdependency within and between supply chains (upstream to feed sources, downstream to end consumer, and between logistics networks). These developments resulted in what is termed advance supply chain planning. Notwithstanding its unique differences, the petrochemical industry still has a lot of ground to cover before it can reach some of the advance supply chain planning benefits reported in other industries. This article presents what is believed to be an appropriate supply chain planning approach/framework for decision making in large-scale, integrated petrochemical companies.

scholarly journals Levels of advancement in supply chain planning by large-scale petrochemical companies in South Africa

2011 ◽  
Vol 8 (3) ◽  
pp. 535-547
Author(s):  
Johan J. Louw ◽  
Wessel Pienaar
Keyword(s):  
South Africa ◽  
Supply Chain ◽  
Supply Chains ◽  
South African ◽  
Petrochemical Industry ◽  
Large Scale ◽  
Supply Chain Integration ◽  
Business Strategies ◽  
Value Chains ◽  
Supply Chain Planning

The adoption of a full supply chain approach in the chemical industry is still relatively slow compared to other industries. Although the awareness has been kindled, very few petrochemical companies have advanced to a point where supply chain considerations and influences are proactively taken into account and incorporated in the formulation of corporate- and unit-specific business strategies/tactics, and formally structured and applied. Conventional supply chain integration concepts focus primarily on the internal and external integration of individual supply chains. Due to the highly integrated nature of petrochemical value chains, the related supply chains should also be integrated by taking account of enterprise/industry-wide synergies and interdependencies. Since not much research has been done to indicate the level of advancement in terms of supply chain planning in large-scale, South African-based petrochemical companies, this empirical research is the first of its kind. This research provides useful information regarding an understanding of the petrochemical industry, appropriate supply chain planning practices and the level of advancement in a number of related planning dimensions

Kollaboration in logistischen Lieferketten*/Collaboration in logistics supply chains – Mobile logistics management with social media

2015 ◽  
Vol 105 (11-12) ◽  
pp. 849-855
Author(s):  
U. Bracht ◽  
W. Hinrichs-Stark
Keyword(s):  
Decision Making ◽  
Social Media ◽  
Supply Chain ◽  
Supply Chains ◽  
Decision Makers ◽  
Logistics Management ◽  
Operational Level ◽  
Decision Making Processes ◽  
Business Collaboration ◽  
Collaboration Platforms

Um der steigenden Komplexität und Intransparenz in logistischen Lieferketten entgegenzuwirken, müssen Entscheidungsträger der operativen Ebene über Unternehmensgrenzen hinweg zusammenrücken. Business-Kollaborationsplattformen erlauben durch virtuelle Arbeitsräume und Chats eine effektive und intuitive Kollaboration innerhalb der Lieferkette. Auf diese Weise helfen sie, Entscheidungsprozesse zu beschleunigen.   In order to counteract the increasing complexity and lack of transparency in supply chains, decision makers from the operational level need to close ranks across company boundaries. Business collaboration platforms enable an effective and intuitive collaboration within the supply chain through the means of virtual workspaces and chats, thereby speeding up decision-making processes.

Post COVID-19 Potentials and Innovation: The Future Supply Chain

2020 ◽  
Vol 11 (SPL1) ◽  
pp. 1054-1057
Author(s):  
Bindu Swetha Pasuluri ◽  
Anuradha S G ◽  
Manga J ◽  
Deepak Karanam
Keyword(s):  
Mental Health ◽  
Decision Making ◽  
Supply Chain ◽  
Supply Chains ◽  
World Health Organization ◽  
World Wide ◽  
World Health ◽  
Future Supply ◽  
Entire World ◽  
Health Organization

An unanticipated outburst of pneumonia of inexperienced in Wuhan, , China stated in December 2019. World health organization has recognized pathogen and termed it COVID-19. COVID-19 turned out to be a severe urgency in the entire world. The influence of this viral syndrome is now an intensifying concern. Covid-19 has changed our mutual calculus of ambiguity. It is more world-wide in possibility, more deeply , and much more difficult than any catastrophe that countries and organizations have ever faced. The next normal requires challenging ambiguity head-on and building it into decision-making. It is examined that every entity involved in running supply chains would require through major as employee, product, facility protocols, and transport would have to be in place. It is an urgent need of structuring to apply the lessons well-read for our supply chain setup. With higher managers now being aware of the intrinsic hazards in their supply chain, key and suggestions-recommendations will help to guide leader to commit to a newly planned, more consistent supply chain setup. Besides, the employees’ mental health is also a great concern.

The factors of consumer confidence recovery after scandals in food supply chain safety

2018 ◽  
Vol 30 (5) ◽  
pp. 1379-1400 ◽  
Author(s):  
Shuhui Wang ◽  
Paul Alexander
Keyword(s):  
Decision Making ◽  
Food Safety ◽  
Supply Chains ◽  
Large Scale ◽  
Deductive Reasoning ◽  
Consumer Confidence ◽  
Milk Formula ◽  
Extended Model ◽  
Content Type ◽  
Before And After

Purpose Viewing consumer confidence as a set of static factors has informed previous research and underpinned strategies used in recovering from food safety quality failures, but this approach has not delivered reliable and quick recovery from large-scale food safety scandals. The purpose of this paper is to examine extant models and the factors they are composed of, and suggest an extended model that has a better potential for consumer confidence. The paper focuses on food products where supply chains are visible, and use these features to group the findings. Design/methodology/approach In this study principal components and logit analyses are used to assess the role of 30 variables operating in a consumer confidence model constructed from several existing in the literature. This combined model considers emotional, cognitive, trust and sociodemographic factors. In total, 14 independent factors are identified. The authors examine the factors, and from these, the decision-making mechanisms before and after the Sanlu Infant Milk Formula (IMF) scandal of 2008. Findings The authors find that the factors considered by consumers are different for different IMF supply chains, and different again before and after the scandal. The authors develop the argument for an extension to the existing models, incorporating a dynamic consumer confidence system. Research limitations/implications The paper uses a single survey after the focus event to establish “before” and “after” decision-making factors. Since the IMF scandal is recent and of very high profile, this is likely valid even if it carries memory bias effects. The study is directly applicable to food safety scandals in a Chinese context. Deductive reasoning extends our assertions to a wider context. They are logically validated but have not been formally tested. Practical implications Using this system as a framework a checklist for recovery from a similar food safety scandal is suggested. The authors also suggest more general use for use where supply chains features are visible to consumers. Originality/value Models for food safety consumer confidence recovery have previously focused on identifying models and the static factors they consist of. These do represent a reflection of how this phenomenon operates, but using the principals of this model nevertheless does not result in good recovery from extreme food safety failures. This paper contributes by extending these models to one that can be applied for better recovery.

scholarly journals A Neuroeconomic Framework for Creative Cognition

2017 ◽  
Author(s):  
Hause Lin ◽  
Oshin Vartanian
Keyword(s):  
Decision Making ◽  
Locus Coeruleus ◽  
Large Scale ◽  
Network Dynamics ◽  
Brain Network ◽  
Creative Cognition ◽  
Decision Making Processes

Neuroeconomics is the study of the neurobiological bases of subjective preferences and choices. We present a novel framework that synthesizes findings from the literatures on neuroeconomics and creativity to provide a neurobiological description of creative cognition. It proposes that value-based decision-making processes and activity in the locus coeruleus-norepinephrine (LC-NE) neuromodulatory system underlie creative cognition, as well as the large-scale brain network dynamics shown to be associated with creativity. This framework allows us to re-conceptualize creative cognition as driven by value-based decision making, in the process providing several falsifiable hypotheses that can further our understanding of creativity, decision making, and brain network dynamics.

Information Fake in Supply Chains

2011 ◽  
Vol 267 ◽  
pp. 958-962
Author(s):  
Jiang Hong
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Supply Chains ◽  
Information Management ◽  
Stable Distribution ◽  
Risk Attitude ◽  
Risk Averse ◽  
Stable States ◽  
Stochastically Stable

In this paper, we set risk attitude into decision making research for the supply chain manage. We focus on the information management. We discuss the stable states and the stochastically stable distribution for the fake game in the supply chain. We find there always exist information fake behaviors of low-yield suppliers. And, the less risk averse suppliers are, the more information fake they use.

Distributed Trust Using Blockchain for Efficient Pharmaceutical Supply Chain

2019 ◽  
pp. 248-268
Author(s):  
Arun Kumar Nageswar ◽  
Siva Yellampalli
Keyword(s):  
Supply Chain ◽  
Supply Chains ◽  
Customer Service ◽  
Pharmaceutical Supply Chain ◽  
Enterprise Value ◽  
Blockchain Technology ◽  
Business Excellence ◽  
Counterfeit Products ◽  
High Level ◽  
Last Mile Delivery

With traditional ERP systems, there is a lack of networking among suppliers, partners, and logistics providers. So, there is a need to have a holistic view of production and movement of goods from production to last mile delivery. The physical and digital supply chains need to be integrated to ensure secure supply chains that promote business excellence, collaboration among stakeholders, and reduce costs. The high-level view over their supply chains allows them to function better in a multi-channel world. It also helps them identify where to reduce stock without compromising customer service. Otherwise, it leads to a delay in delivery, counterfeit products, thefts, fraud, and cyberpiracy, which may lead to lawsuits and losing of brand image. The tacit function of supply chain management is to provide tracking of specific goods in the supply chain. So, it is imperative to leverage the blockchain technology stack to map multi-enterprise value networks and enable connected multi-modal networks.

Optimizing Supply Chains Through System Dynamics Modelling and Simulation

2021 ◽  
pp. 31-56
Author(s):  
Pedro B. Agua ◽  
Anacleto C. Correia ◽  
Armindo Frias
Keyword(s):  
Decision Making ◽  
Supply Chains ◽  
Organizational Systems ◽  
Complex Behaviour ◽  
Cognitive Limitations ◽  
The Face ◽  
Decision Making Processes ◽  
Dynamics Modelling ◽  
Technical Systems ◽  
Parameters Of Interest

In critical activities and organizations, decision making in the face of complexity has been a growing normal. Complexity troubles humans due to cognitive limitations. Moreover, humans are merely able to understand cause-and-effect relationships that are close in time and space, not the paradigm of many complex socio-technical systems. Decision-making processes shall rely on models that help harness a problem´s associated complexity – among them the dynamics of supply chains. Models typically fall into two broad categories: mental and formal models. Supply chains are complex systems, which may exhibit complex behaviour patterns. Decisions and policies within organizational systems are the causes of many problems, among them undesirable oscillations and other problematic patterns of the parameters of interest. A system is a grouping of parts that work together for a purpose. Hence, the systems dynamics methodology is an adequate approach to deal with fuel supply chain management. A model was developed that helps manage marine gasoil supply chains in the context of the navy.

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