Supply chains are networks. The concept of the supply chain is an oversimplification of the complex dynamics involved between the individuals, organizations, and resources required to produce and deliver a product. No firm exists in isolation, and every firm must operate in connection with other firms. As firms work together, they become organized into supply networks. Written by a leading authority on supply chain management, The Nature of Supply Networks synthesizes decades of research to understand supply networks as a complex adaptive system. Incorporating network concepts and theories, Thomas Y. Choi describes the basic structural elements of supply networks and their organization--buyer-supplier relationships, supplier-supplier relationships, supply bases, and extended supply chains--and examines the dynamic and evolutionary patterns of supply networks. He then considers a host of specific issues: control vs. emergence, nexus suppliers, and cyber security, as well as how supply networks will evolve with increased disruptions from extreme weather patterns, trade wars, and other unforeseen events. Importantly, Choi also provides an in-depth look into the distributive nature of supply chain management, arguing that no one firm or government can completely orchestrate entire supply networks. Bringing together the concepts of network theory and extending them specifically to supply chains and buyer-supplier relationships, Choi provides a critical resource on how to strategically manage supply networks and to create more resilience.

The Nature of Supply Networks

Business & Money

Choi, Thomas Y.

International

Oxford University Press

This volume brings emphasis to the variety of ways the suply management process adds value to the organization. This text covers all aspects of value enhancement, well beyond basic cost-saving measures. "Supply Management for Value Enhancement" focuses on the critical issues involved with outsourcing/privatization, inventory management, cost avoidance/cost reduction programs, forecasting, hazardous materials management, JIT inventory systems, lease-buy and net present value analysis, and how to develop strategies based on long- and short-term market forecasts.

Supply Management for Value Enhancement (Ism Knowledge Series)

Ellram, Lisa M.

Management & Leadership

Inst for Supply Management

This book is a comprehensive introduction to supply chain financing as a business model that enables companies to reduce costs, improve its working capital and manage risks more tightly. Supply chain financing is using the supply chain to fund the organization and using the organization to fund the supply chain. Supply chain financing is of growing importance, the book explains what supply chain funding is and its different components as well as its impact and potential not only on companies using it but more globally. The content moves from the basics of supply chain management to how to structure a global supply chain finance program in today's marketplace, the emergence of fintech providers, and alternative methods of payment, while also offering a view of the future that incorporates new platforms and analytical tools to optimize efficiencies in an organization and increase working capital flows.Supply Chain Financing is based on the authors' research and teaching at two leading US business schools. This book is useful for supply chain or finance professionals, decision makers in corporate disciplines, as well as students and professors in business fields.

Supply Chain Financing: Funding the Supply Chain and the Organization

Rogers, Dale S.

Leuschner, Rudolf

Finance

World Scientific Publishing Europe Ltd

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Books by Choi, Thomas Y.