scholarly journals FINANCIAL MECHANISMS OF OPTIMIZATION OF LOGISTIC FLOWS OF THE ORGANIZATION

2021 ◽  
Author(s):  
Maiia Cherkashyna
Keyword(s):  
Supply Chain ◽  
Supply Chains ◽  
Balanced Scorecard ◽  
Traffic Management ◽  
Economic Effect ◽  
Main Tool ◽  
Radius Of Curvature ◽  
Sharp Change ◽  
Adaptive Models ◽  
Abc Analysis

This article presents an analysis of financial mechanisms for optimizing the logistics flows of the organization. Emphasis is placed on the fact that adaptive models based on ostentatious smoothing of time series should be used to optimize the logistics flows of the organization as the main tool for short-term forecasting. In the context of this study, the main purpose of the introduction of logistical methods of managing the movement of goods is to obtain the greatest economic effect in the production of goods or services. The paper points out that the process of management and decision-making in the logistics system should be based on a system of appropriate financial indicators that characterize the effectiveness of this system. When forming such a system of indicators in the article it is recommended to calculate the following requirements: relevance, unambiguous integration, accuracy, focus on obtaining information, taking into account the main objectives of logistics. ABC analysis is used as a method to optimize the supply chain in this study. At the same time, special attention in the article is paid to such an aspect as the limited possibilities of standard distribution in ABC analysis, as a result of which the specifics of a specific set may not be reflected. To this end, the paper proposes to build a curve of ABC analysis. The study indicates that the sections of the curve where there is a sharp change in the radius of curvature will indicate the boundaries of groups A, B and C. To measure the effectiveness of supply chain management, the use of a balanced scorecard BSC is proposed. The use of BSC in the context of this article is justified by the fact that this method involves measuring both financial and operational indicators used at all organizational levels of management. The paper finds that the main object of analysis of traffic management in supply chains is its functional cycle. The study of parameters based on functional cycles in this article allows you to determine the dynamics, relationships and solutions, together creating an operating system for managing the movement of goods in supply chains.

scholarly journals Do economic effects of the anti-COVID-19 lockdowns in different regions interact through supply chains?

PLoS ONE ◽  
2021 ◽  
Vol 16 (7) ◽  
pp. e0255031
Author(s):  
Hiroyasu Inoue ◽  
Yohsuke Murase ◽  
Yasuyuki Todo
Keyword(s):  
Supply Chain ◽  
Supply Chains ◽  
Economic Effect ◽  
Economic Loss ◽  
Policy Coordination ◽  
Economic Effects ◽  
Economic Activities ◽  
Agent Based ◽  
Exogenous Shocks ◽  
Flow Components

To prevent the spread of COVID-19, many cities, states, and countries have ‘locked down’, restricting economic activities in non-essential sectors. Such lockdowns have substantially shrunk production in most countries. This study examines how the economic effects of lockdowns in different regions interact through supply chains, which are a network of firms for production, by simulating an agent-based model of production using supply-chain data for 1.6 million firms in Japan. We further investigate how the complex network structure affects the interactions between lockdown regions, emphasising the role of upstreamness and loops by decomposing supply-chain flows into potential and circular flow components. We find that a region’s upstreamness, intensity of loops, and supplier substitutability in supply chains with other regions largely determine the economic effect of the lockdown in the region. In particular, when a region lifts its lockdown, its economic recovery substantially varies depending on whether it lifts the lockdown alone or together with another region closely linked through supply chains. These results indicate that the economic effect produced by exogenous shocks in a region can affect other regions and therefore this study proposes the need for inter-region policy coordination to reduce economic loss due to lockdowns.

scholarly journals Performance measurement for supply chains in the Industry 4.0 era: a balanced scorecard approach

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Guilherme Francisco Frederico ◽  
Jose Arturo Garza-Reyes ◽  
Anil Kumar ◽  
Vikas Kumar
Keyword(s):  
Supply Chain ◽  
Performance Measurement ◽  
Supply Chains ◽  
Balanced Scorecard ◽  
Industry 4.0 ◽  
Theoretical Perspective ◽  
Performance Measurement System ◽  
Content Type ◽  
The Balanced Scorecard ◽  
Performance Measurement Systems

PurposeThe purpose of this paper is to present a theoretical approach based on the balanced scorecard (BSC) with regard to performance measurement – PM in supply chains for the Industry 4.0 era.Design/methodology/approachThis paper combines the literature of PM and specifically the BSC with the literature related to the dimensions of supply chain in the context of Industry 4.0.FindingsDimensions extracted from the literature based on supply chains within the context of Industry 4.0 showed a strong alignment with the four perspectives of the BSC, which make it suitable to be considered as a performance measurement system (PMS) for supply chains in this new context.Research limitations/implicationsFrom theoretical perspective, this study contributes to the limited literature on PM for supply chains in Industry 4.0 era. The study proposes a supply chain 4.0 Scorecard and strongly support researchers to conduct future empirical researches in order to get a deeper understanding about PM in supply chains in the Industry 4.0 era. As limitations, the theoretical framework proposed needs further empirical research in other to validate it and obtain new insights over the investigation conducted and presented into this paper.Practical implicationsPractitioners can use this study as a guide to develop more effective performance measurement systems – PMSs in their organizations.Originality/valueThis research is unique as it addresses a significant knowledge gap related to PM in supply chains in the Industry 4.0 era. It brings a significant contribution in terms of understanding how to measure performance in supply chains in this new era.

Performance Measurement and Risk Management Framework of the Enterprise’s Integrated in Logistic Chains in the Context of the Information Society

2015 ◽  
Vol 795 ◽  
pp. 47-52
Author(s):  
Mircea Constantin Duică ◽  
Anişoara Duică ◽  
Iwona Grabara
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Performance Measurement ◽  
Supply Chains ◽  
Balanced Scorecard ◽  
Production Systems ◽  
Measurement Techniques ◽  
Product Management ◽  
Frequent Change ◽  
Measurement Framework

The intensified competition, the frequent change of the clients’ preferences and the globalization of the capital, product, service and information flows have turned the efficient product management into an essential factor for increasing competitiveness in production systems integrated in supply chains. In this context, industrial excellence can be obtained only by an efficient process piloting, using some performance measurement systems that permit a good substantiation of the decisions based on correct and reliable information, taking into account the risks specific to supply chains. The paper includes a review of the literature in the field of performance measurement for supply chains to understand the current practice and contributes to the development of the supply chain performance measurement framework using risk management, the case study method, a statistic quantitative data analysis and modern performance measurement techniques such as: balanced scorecard and supply chain operation reference.

An environmental balanced scorecard for supply chain performance measurement (Env_BSC_4_SCPM)

2016 ◽  
Vol 23 (6) ◽  
pp. 1398-1422 ◽  
Author(s):  
Luís Miguel D. F. Ferreira ◽  
Cristóvão Silva ◽  
Susana Garrido Azevedo
Keyword(s):  
Supply Chain ◽  
Supply Chains ◽  
Performance Management ◽  
Balanced Scorecard ◽  
Environmental Performance ◽  
Supply Chain Performance ◽  
Content Type ◽  
Proposed Model ◽  
Novel Model

Purpose – Companies need to excel in many areas to achieve a competitive advantage. This, together with pressure imposed by regulators and customers regarding sustainability concerns, leads companies to address sustainability in an integrated fashion across all management processes. The purpose of this paper is to suggest a model for the assessment of the environmental performance of a supply chain, based on four perspectives used in the balanced scorecard. Performance indicators are proposed based on the literature, as well as on the ISO 14031 and GRI standards, and were validated by a panel of experts. Design/methodology/approach – Based on a literature review on models for environmental performance management a novel model to assess the environmental performance of the supply chains (Env_BSC_4_SCPM) is proposed. Data collected from the first tier suppliers of an automotive industry case study are used to test the proposed model. Findings – The model developed was tested in a case study company, showing it ability to benchmark the company first tiers suppliers and products. The model is also useful as a decision support tool to define actions to be taken in order to improve the global environment performance of the supply chain. Research limitations/implications – The proposed model was developed to evaluate the environmental performance of supply chains. Nevertheless, the case study only takes account of the first tier suppliers, due to difficulties associated to data collecting for the other elements in the supply chain. Widening the frontiers, the next phase may include the application of this model to second, third and lower tier suppliers, as well as the final customer. Improvements in the model could also include the construction of a composite index to measure the environmental supply chain performance. Practical implications – The paper provides a model that can be used by practitioners to evaluate the environmental performance of their supply chain and to decide on actions to be taken to improve it. Originality/value – As stated by several authors, there has been limited research conducted in the field of environmental evaluation of supply chains. This paper proposes a novel model for the environmental performance of the supply chain and tests it using industrial empirical data.

scholarly journals Evaluation of the investments efficiency in the development of the key component of the supply chain

2021 ◽  
pp. 53-61
Author(s):  
Sumets Olexander ◽  
Keyword(s):  
Supply Chain ◽  
Supply Chains ◽  
Economic Effect ◽  
Economic Assessment ◽  
Cash Flows ◽  
Logistics System ◽  
Production Logistics ◽  
Manufacturing Enterprises ◽  
Industrial Enterprises ◽  
Targeted Approach

Supply chains are unique logistics systems. Typically, such systems include a number of components. The key component is considered to be the producer enterprise, around which supply chains are organized. The efficiency and effectiveness of the supply chain largely depends on the level of development of the key component. In turn, the latter depends on effective investment. It is established that the practice of enterprises-producers, which are key components of supply chains, requires a qualitative economic justification of investment measures, which must be forecasted for the long term before their implementation. The article substantiates the need to assess the effectiveness of investment in the development of a key component of the supply chain based on a targeted approach. It is indicated that to assess the effectiveness of investment in the development of industrial enterprises should use absolute and relative cash flows, the values of which are used in the calculations of absolute and comparative effects, respectively. With this in mind, a targeted approach should be applied to improve the quality of assessing the effectiveness of investment in the development of manufacturing enterprises. The essence of the criterion indicator of net cash flow is thoroughly described. It is stated that the economic assessment of the comparative economic effect should be based on the definition of incremental indicators that reflect changes in the activities of the enterprise due to the investment of additional investments in the assets of its logistics system. The tree of maximizing the efficiency of investments in the main assets of the production logistics system of the enterprise is formalized. An approach to evaluating the effectiveness of investing funds in the production and logistics system of the enterprise is proposed.

scholarly journals ABC Analysis For Inventory Management: Bridging The Gap Between Research And Classroom

2016 ◽  
Vol 9 (1) ◽  
pp. 39-48 ◽  
Author(s):  
Handanhal V. Ravinder ◽  
Ram B. Misra
Keyword(s):  
Supply Chain ◽  
Supply Chains ◽  
Inventory Management ◽  
Operations Management ◽  
Large Body ◽  
Multiple Criteria ◽  
Pareto Principle ◽  
Abc Analysis ◽  
Sole Criterion ◽  
The Right

ABC analysis is a well-established categorization technique based on the Pareto Principle for determining which items should get priority in the management of a company’s inventory.  In discussing this topic, today’s operations management and supply chain textbooks focus on dollar volume as the sole criterion for performing the categorization.  The authors argue that today’s businesses and supply chains operate in a world where the ability to deliver the right products rapidly to very specific markets is key to survival.  With suppliers, intermediaries, and customers all over the globe, and product lives decreasing rapidly, this focus on a single criterion is misplaced.  The large body of research was summarized based on multiple criteria ABC analysis that has accumulated since the 1980s and recommend that textbooks incorporate their key findings and methods into their discussions of this topic.  Suggestions are offered on how this discussion might be structured. 

Investigating supplier-induced complexity in supply chains

2017 ◽  
Vol 47 (8) ◽  
pp. 688-711 ◽  
Author(s):  
Markus Gerschberger ◽  
Ila Manuj ◽  
Patrick Freinberger
Keyword(s):  
Supply Chain ◽  
Supply Chains ◽  
Mixed Method ◽  
Adverse Outcomes ◽  
Equal Weight ◽  
Manufacturing Firm ◽  
Content Type ◽  
Mixed Method Approach ◽  
Abc Analysis ◽  
Method Approach

Purpose The purpose of this paper is to understand and measure empirically the objective and perceived dimensions of supplier-induced complexity in supply chains. Design/methodology/approach An equal-weight, complementary mixed-method approach is used to investigate supplier-induced complexity and understand its impact on outcomes. Initial qualitative research and extant literature review allowed the identification of supplier characteristics that add complexity to supply chains and development of four research hypotheses. Subsequently, quantitative analysis was used for testing the hypotheses. Findings The results suggest that supplier-induced complexity is related to adverse outcomes, and both perceived and objective dimensions of complexity are valuable in understanding and measuring supplier-induced complexity. Research limitations/implications This study employs a mixed-method approach to establish and test relationships among perceived and objective supplier-induced complexity, and their outcomes. The unit of analysis is the first-tier suppliers of one farm equipment manufacturing firm. This limits the generalizability of the results to similar industrial manufacturing firms. Practical implications This paper presents an approach to identify suppliers that add the highest levels of complexity to a supply chain and, thus, require closer monitoring. Specific supplier characteristics are identified for individual suppliers. Developing specific complexity-related measures helps better identify critical suppliers compared to traditional approaches (e.g. ABC analysis). Originality/value This paper contributes to supply chain management literature by comprehensively exploring supplier-induced complexity, incorporating the often-ignored perceived complexity dimension, and providing a managerially useful framework.

scholarly journals Balanced Scorecard for evaluating the performance of supply chains: a bibliometric study

2020 ◽  
Vol 8 (1) ◽  
Author(s):  
Thales Botelho De Sousa ◽  
Isotília Costa Melo ◽  
Pedro Henrique de Oliveira ◽  
Caio Marcelo Lourenço ◽  
Fábio Müller Guerrini ◽  
...  
Keyword(s):  
Supply Chain ◽  
Performance Evaluation ◽  
Supply Chains ◽  
Balanced Scorecard ◽  
Web Of Science ◽  
State Of The Art ◽  
Future Trends ◽  
Future Studies ◽  
Academic Production ◽  
Thomson Reuters

As supply chain management involves several criteria, its performance evaluation is a challenge for industrial managers. Researchers have proposed several approaches for such evaluations, among them, Balanced Scorecard (BSC) highlights. Academic papers on BSC applications for evaluating supply chain performance has an expressively increased in recent years. Considering that examining published papers on a topic is a way of monitoring the emergence of a new field, this study aims to explore, through bibliometry, papers published in indexed journals (SCOPUS and Web of Science databases). This paper weaves an overview of academic production and study trends on BSC for performance evaluation of supply chains. Findings help researchers and managers to understand the state of the art, to identify gaps and to identify future trends. The results also showed the maturation of studies over the years. The predominance of publications in journals with impact factor (Thomson Reuters) also has been noticed. The development of the theme in emerging countries can be useful for increasing the competitiveness of their companies. In summary, this study is helpful for influencing future studies and publications of researchers interested in performance evaluation of supply chains based on BSC and may orient new researchers so that they directly know which journals to consult and which technical procedures to explore.

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.

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