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Supply chain management: trust and cooperation

Published on September 30, 2022   30 min

A selection of talks on Technology & Operations

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Supply Chain Management: Trust and Cooperation presented by Dr. Darren Prokop, Professor of Logistics, University of Alaska, Anchorage.
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What is supply chain management? It is the linkage of organizations in order to meet some strategic goal. Linkages could be achieved through contractual relationships or through mergers and acquisitions. Linkages could be more informal and involve a joint venture or a strategic alliance covering a more limited business activity. In any case, the intent of supply chain management is to foster trusting relationships whereby the partners are more valuable together than apart.
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Raw materials, subassemblies, finished goods as tangible items are part of a value-adding process as they proceed downstream along a supply chain. Support services as intangible items also provide value as they proceed downstream. Of course, one hopes that supply chain relationships lead to knowledge creation and innovation reflected in the production of sought-after goods and services that are price competitive. For these relationships to work, an environment of mutual trust and cooperation is necessary within a team, since one person alone cannot think of everything and just tell everyone else what to do. In other words, successful supply chains, i.e, where relationships are more than just transactional, require team building. Cross-functional collaborative teams could work within a company at the department, division or company-wide level, at a supply chain node between a vendor and a buyer or over multiple nodes. Basically, the goal is to invest in the human factor in

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Supply chain management: trust and cooperation

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