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Published in:
Introduction and Risk Analysis in Supply Chains Read chapter Read first chapter

2023 | OriginalPaper | Chapter

5. Supply Chain Responsiveness

Author : Işık Biçer

Published in: Supply Chain Analytics

Publisher: Springer Nature Switzerland

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Abstract

Supply chain responsiveness helps companies reduce the mismatches between supply and demand. When the demand uncertainty is high, companies with more responsive supply chains can better align their resources with fluctuating demand, thereby minimizing the mismatch risk. In this chapter, we present the methods used to enhance the responsiveness of supply chains, such as lead time reduction, multiple sourcing, and quantity flexibility. One challenge of establishing responsiveness is the difficulty of quantifying its value of organizations. To address this challenge, we propose analytical methods that help price the value of supply chain responsiveness depending on the evolutionary dynamics of demand uncertainty.

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previous chapter Uncertainty Modelling
next chapter Managing Product Variety
Literature
Allon, G., & Van Mieghem, J. A. (2010). Global dual sourcing: Tailored base-surge allocation to near-and offshore production. Management Science, 56(1), 110–124.CrossRef
Biçer, I., Lücker, F., & Boyaci, T. (2022). Beyond retail stores: Managing product proliferation along the supply chain. Production and Operations Management, 31(3), 1135–1156.CrossRef
Biçer, I. (2015). Dual sourcing under heavy-tailed demand: an extreme value theory approach. International Journal of Production Research, 53(16), 4979–4992.CrossRef
Biçer, I., Hagspiel, V., & De Treville, S. (2018). Valuing supply-chain responsiveness under demand jumps. Journal of Operations Management, 61(1), 46–67.CrossRef
Biçer, I., & Seifert, R. W. (2017). Optimal dynamic order scheduling under capacity constraints given demand-forecast evolution. Production and Operations Management, 26(12), 2266–2286.CrossRef
Callioni, G., de Montgros, X., Slagmulder, R., Van Wassenhove, L. N., & Wright, L. (2005). Inventory-driven costs. Harvard Business Review, 83(3), 135–141.
Cattani, K. D., Dahan, E., & Schmidt, G. M. (2008). Tailored capacity: speculative and reactive fabrication of fashion goods. International Journal of Production Economics, 114(2), 416–430.CrossRef
De Treville, S., Bicer, I., Chavez-Demoulin, V., Hagspiel, V., Schürhoff, N., Tasserit, C., & Wager, S. (2014). Valuing lead time. Journal of Operations Management, 32(6), 337–346.CrossRef
Suri, R. (1998). Quick response manufacturing: A companywide approach to reducing lead times. CRC Press.
Metadata
Title
Supply Chain Responsiveness
Author
Işık Biçer
Copyright Year
2023
Book
Supply Chain Analytics

Print ISBN: 978-3-031-30346-3

Electronic ISBN: 978-3-031-30347-0

Copyright Year: 2023

DOI
https://doi.org/10.1007/978-3-031-30347-0_5

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