Business, Management and Accounting
8 years ago

Efficient Supply Chains Unlock Competitive Advantage, Satisfy Customers Amid Unpredictable Risks

System dynamic methodological approach for design and analysis of risk in supply chain
Atul Sidola, Pradeep Kumar, Dinesh Kumar

Paper Summary

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The article discusses how having an efficient supply chain is crucial for organizations to succeed in a competitive market. By using a system dynamic methodology, researchers studied the risks in the supply chain and designed a 4 echelon supply chain to test different policies. The study found that by analyzing and planning for supply chain risks, organizations can choose the most effective policy for managing their supply chain and ultimately design a more efficient system.