Process control in agile supply chain network.

Pearson, Mike, Masson, Ron and Swain, Anthony (2010) Process control in agile supply chain network. International Journal of Production Economics, 128 (1). pp. 22-30. ISSN 0925-5273

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The work comprises a new theoretical development applied to aid decision making in an increasingly important commercial sector. Agile supply, where small volumes of high margin, short life cycle innovative products are offered, is increasingly carried out through a complex global supply chain network. We outline an equilibrium solution in such a supply chain network, which works through limited cooperation and coordination along edges (links) in the network. The links constitute the stochastic modelling entities rather than the nodes of the network. We utilise newly developed phase plane analysis to identify, model and predict characteristic behaviour in supply chain networks. The phase plane charts profile the flow of inventory and identify out of control conditions. They maintain quality within the network, as well as intelligently track the way the network evolves in conditions of changing variability. The methodology is essentially distribution free, relying as it does on the study of forecasting errors, and can be used to examine contractual details as well as strategic and game theoretical concepts between decision-making components (agents) of a network. We illustrate with typical data drawn from supply chain agile fashion products.

Item Type: Article
Print ISSN: 0925-5273
Uncontrolled Keywords: Agile Supply Chain; Inventory; Process Control; Push and Pull Strategies; Bullwhip Effect;
University Divisions/Research Centres: The Business School > School of Accounting, Economics and Statistics
Dewey Decimal Subjects: 500 Science > 510 Mathematics > 519 Probabilities & applied mathematics
Library of Congress Subjects: Q Science > QA Mathematics
Item ID: 2498
Depositing User: Dr Michael Pearson
Date Deposited: 13 Mar 2009 09:42
Last Modified: 15 Jul 2015 14:06

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