Integrating the supply chain flows for Business Effectiveness
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Published
Mar 1, 2007
Abstract
Every transaction, toward physical exchange of goods involves flows of information, material, money, manpower and capital equipment, wherein flows involving information, material and money are vital to maneuver. The exchange of goods necessitates physical flow, information flow and financial flow imbibing inbound logistics and outbound logistics to deliver right material, at right place in right time with right information. The financial flow involves the transaction made either in soft or hard format calls for documents for purchase, sales, shipping, inventory, billing etc. The outcome of every transaction involves exchange of funds. The real hidden potential among the various flows has not been tapped for many decades as the various flows remained unsynchronized. An attempt made to optimize flow singly resulted in vain hence for reaping maximum benefits, the combination of the three flows has to be integrated and optimized. This paper studies the conditions that have led the industry to acknowledge the relationship among these three flows, how their integration will improve efficiency all along the value chain, and the key challenges faced by the decision makers for achieving that integration. Finally, a case study of a hypothetical company Reliablecure, an Indian medical supplies company, has been illustrated for its successful ability to get the highly perishable surgical wound adhesives from its' manufacturing facility in Austria to surgeons across the US, just by seamless integration across the value chain.
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Keywords
Business Effectiveness
References
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• Boubekri, N. (2001),“Technology Enablers for Supply Chain”, Integrated Manufacturing Systems, Vol. 12 No.6, pp.394-399.
• Carr,P., Rainbird, M., and Walters, D. (2004), “Measuring the implications of virtual integration in the new economy :A process-led approach”, International Journal of Physical Distribution & Logistics Management, Vol. 34 No. 3, pp.358-372.
• Computer world “The Price of E-Payment” available on http://www.computerworld.com/printthis/2003/0,4814,81457,00.html
• Farris, II. , Theodore, M., and Hutchison, P.D. (2002), “Cash-to-cash: the New Supply Chain Metric”, International Journal of Physical Distribution & Logistics Management, Vol. 32 No. 4, pp.288-298.
• Fairchild, Alea (2005), “Intelligent matching: integrating efficiencies in the financial supply chain”, Supply Chain Management: An International Journal, Vol.10 No.4, pp. 244–248
• Forrester. Jay W. (1958), “Industrial Dynamics: A major Breakthrough for Decision makers,” Harvard Business Review, Vol.38, July-August, pp.37-66.
• Lin, F., Sheng, O., and Wu, S., (2005),“An Integrated Framework for e-Chain Bank Accounting Systems”, Industrial Management & Data Systems, Vol. 105 No. 3, pp.291-306.
• Lummus, R.R., Krumwiede, D.W., and Vokurka, R.J. (2001), “ The Relationship of Logistics to Supply Chain Management: Developing a common Industry Definition”, Industrial Management & Data Systems, Vol.101 No. 8, pp.426-432.
• Martin, C. (2000), Logistics and Supply Chain Management, Pitman Publisher London, pp. 112-114.
• Mieghem, J.A.V. (1999), “Coordinating Investment, Production, and Subcontracting”, Management Science, Vol. 45 Iss.7, pp. 954-971.
• Neves, M.F., Zurubier, P., and Campomar, M. C. (2001),“A Model for the Distribution Channels Planning Process”, The Journal of Business and Industrial Marketing, Vol. 16 No. 7, pp.222-229.
• Penny Gillespie, “Electronic Presentment and Payment: Selecting the Right Vendor” available on http://www.gigaweb.com, pp 1-13.
• Porier, C.C. (2002), The Supply Chain Managerʼs Problem-Solver: Maximizing the Value of Collaboration and Technology, CRC Press, pp. 201-206.
• Rafuse, M.E. (1996), “Working Capital Management: an Urgent Need to Refocus”, Management Decision, Vol. 34 No 2, pp. 59-63.
• Rahman, Z. (2003), “Internet-based supply chain management: using the Internet to revolutionize your business”, International Journal of Information Management, Vol.23, pp.493-505.
• Rainbird, M. (2004), “Demand and Supply Chain: the Value Catalyst”, International Journal of Physical Distribution & Logistics Management, Vol. 34 No. 3, pp.230-250.
• Ritchie, B., Brindley, C. (2000),“Disintermediation, disintegration and risk in the SME global Supply Chain”, Management Decision, Vol. 38 No. 8, pp.575-583.
• SDA Asia (2006), IT management & IT Business, The Magazine for Enterprise IT, October 16
• Seetharaman, A., Khatibi, A.A., and Ting, W.S. (2004), “Vendor Development and Control: its Linkages with Demand Chain”, International Journal of Physical Distribution & Logistics Management, Vol. 32 No. 3, pp.269-285.
• Shiels, H., McIvor, R., and OʼReily, D. (2003), “Understanding the Implications of ICT adoption: insights from SMEs “, Logistics Information Management, Vol. 16 No. 5, pp.312-326.
• Spekman, R.E., Davis, E.W. (2004), “Risky Business: Expanding the discussion on Risk and the Extended Enterprise”, International Journal of Physical Distribution & Logistics Management, Vol. 34 No.5, pp. 414-433.
• Stefan, S. (2004) “Integrated chain management and supply chain management comparative analysis and illustrative cases”, Journal of Cleaner Production, Vol. 12, pages 1059– 1071
• Svensson, G. (2003), “Holistic and Cross-Disciplinary Deficiencies in the Theory Generation of Supply Chain Management”, Supply Chain Management: An International Journal, Vol. 8 No. 4, pp. 303 -316.
• Towill D.R. (1997), “The seamless supply chain”, International Journal Technology Management Vol. 13 (1), pp. 37–56.
• Towill D. R. (1999), “Simplicity wins: twelve rules for designing effective supply chains”, Control The Institute of Operations Management; Vol.25 No.2, pp 9–13.
• Taylor, D.A. (2003), Supply Chain: A Managerʼs Guide, Addison-Wesley, pp. 167-170.
• Thompson, P. (1998), “Bank Lending and the Environment: policies and opportunities”, International Journal of Bank Marketing, Vol. 16 No. 6, pp.243-252.
• Walters, D. and Lancaster, G. (1999),“Value and Information-Concepts and Issues for Management”, Management Decision, Vol. 37 No.8, pp.64-65.
• Walters, D., Halliday, M., and Glaser,S. (2002), “Creating value in the ʻNew Economyʼ “, Management Decision, Vol. 40 No.8, pp.775-781.
• Walters, D. (2004),“A Business Model for the New Economy”, International Journal of Physical Distribution & Logistics Management, Vol. 34 No.3. pp. 346-357.
• Zeichick, Alan (2004), “The Business Benefits of Integration” available on http://www.camdenassociates.com, pp 1-5.
• Zeithaml, V. A, Bitner, M.J. (2003), Services Marketing: Integrating Customer Focus across the Firm, 3e, New Delhi, Tata McGraw-Hill, pp.324-325.
How to Cite
Rahman, Zillur, and M. N. Qureshi. 2007. “Integrating the Supply Chain Flows for Business Effectiveness”. Studies in Business and Economics 13 (1). https://doi.org/10.29117/sbe.2007.0027.
Section
Articles