Speed Matters: Limited Attention and Supply-Chain Information Diffusion

2017 ◽  
Author(s):  
Ling Cen ◽  
Michael G. Hertzel ◽  
Christoph M. Schiller
Keyword(s):  
Supply Chain ◽  
Information Diffusion ◽  
Limited Attention

Examining Double Marginalization Effect for Innovative Product Supply Chain

2012 ◽  
Vol 3 (1) ◽  
pp. 37-52 ◽  
Author(s):  
Wenjing Shen
Keyword(s):  
Supply Chain ◽  
Wholesale Price ◽  
Limited Attention ◽  
Innovative Product ◽  
Double Marginalization ◽  
Pricing Decisions ◽  
Number Of Factors ◽  
Innovative Products ◽  
Retail Prices ◽  
Over Time

Double marginalization effect refers to the phenomenon that when both upstream and downstream firms have monopolistic power, customers pay higher retail price and firms make less profit than when the supply chain is vertically integrated (Tirole, 1988). Although double marginalization effect has been extensively studied in the context of supply chain management for mature products, very limited attention has been given to innovative products whose demand is generated through word-of-mouth effect. The authors study the pricing decisions in a supply chain that sells innovative products. Using a modified Bass diffusion model to capture demand trajectory over time, the authors identify the optimal way for the retailer and supplier to adjust prices when profit is not discounted, and also provide numerical examples when profit is discounted. The authors show that (1) when profit is not discounted the optimal retail prices are adjusted over time, while the optimal wholesale price should be kept as a constant, and (2) double marginalization effect also exists in an innovative product supply chain, but its degree depends on a number of factors, such as the innovation and imitation coefficients.

The Economics and Finance of Customer–Supplier Relationships

2021 ◽  
Author(s):  
Ling Cen ◽  
Sudipto Dasgupta
Keyword(s):  
Supply Chain ◽  
Bargaining Power ◽  
Stock Price ◽  
Information Diffusion ◽  
Trade Credit ◽  
Spillover Effects ◽  
Innovation Activity ◽  
Price Informativeness ◽  
Customer Base ◽  
Disruption Risk

The interrelationships between upstream supplier firms and downstream customer firms—popularly referred to as supply-chain relationships—constitute one of the most important linkages in the economy. Suppliers not only provide production inputs for their customers but, increasingly, also engage in R&D and innovation activity that is beneficial to the customers. Yet, the high degree of relationship specificity that such activities involve, and the difficulty of writing complete contracts, expose suppliers to potential hold-up problems. Mechanisms that mitigate opportunism have implications for the origins of such relationships, firm boundary, and organizational structure. Smaller supplier firms benefit from relationships with large customer firms in many ways, such as knowledge sharing, operational efficiency, insulation from competition, and reputation in capital markets. However, customer bargaining power, undiversified customer base, and innovation strategy also expose suppliers to disruption risk. Relationship specificity of investment, customer bargaining power, and customer concentration associated with a less diversified customer base have important consequences for financing decisions of suppliers and customers, such as capital structure choice and the provision and role of trade credit. Changes in the risk of disruption (e.g., bankruptcy filings, takeover activity, and credit market shocks) have spillover effects along the supply chain. The correlation of economic fundamentals of suppliers and customers and the co-attention that they receive from market participants translate to return predictability (with implications for trading strategies), information diffusion along the supply chain, and stock-price informativeness of supply-chain partners.

Supply chain management of teamwork: six guidelines for success

2014 ◽  
Vol 20 (3/4) ◽  
pp. 178-190
Author(s):  
Ana Shetach
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Limited Attention ◽  
Chain Management ◽  
Content Type ◽  
Implementation Processes ◽  
Team Decision ◽  
High Level ◽  
Optimal Set

Purpose – This paper aims to draw on know-how from the study of Team and Project Management, to seek insights into enhancing the effectiveness of supply chain management (SCM) ventures, with the aim of contributing to their effective and efficient decision-making and operation processes. Design/methodology/approach – Based on an analysis of the obstacles that may stand in the way of the efficient implementation of SCM processes, six specific conditions for such mega-projects’ success are proposed. A couple of practical tools for their attainment are presented. Findings – The article suggests that the construction of the teams involved, as well as the working procedures that may render their work effective, should be flexible and made adaptable to the specific assignment or case, which is handled by each team, at the time; and that the optimal set of procedures to adopt, throughout the working sessions of the teams, which are involved in the process, are those which will gear the team with the means to contribute to the eventual materializing and finalization of a quality and practical set of decisions for the benefit of the overall SCM process. Practical implications – The article offers a practical step-by-step set of six guidelines to lead executives and managers of SCM processes toward a relatively high level of control in the establishment of effective and efficient team-decision-making and implementation processes within SCM inter-and intra-organizational teams. Originality/value – Limited attention has been given in the literature to the studying of practical and applicable managerial techniques for successful decision-implementation processes in SCM teams. This article focuses on this neglected domain, proposing a solution, in the form of an integrative micro-level SCM operational strategy.

scholarly journals Motivating Factors for Implementing Apparel Certification Schemes—A Sustainable Supply Chain Management Perspective

2020 ◽  
Vol 12 (12) ◽  
pp. 4823 ◽  
Author(s):  
Nelly Oelze ◽  
Tim Gruchmann ◽  
Marcus Brandenburg
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Supply Chains ◽  
Performance Outcomes ◽  
Comparative Case Study ◽  
Limited Attention ◽  
Sustainable Supply Chain ◽  
Chain Management ◽  
Sustainable Supply Chain Management ◽  
Strategic Factors

The motivations for clothing companies to implement dedicated certification schemes as sustainability practices has received limited attention in sustainable supply chain management (SSCM) research so far. Therefore, it is important to understand how different rationales for the implementation of certification schemes have developed in the past because they considerably influence the overall success of sustainability management efforts. This paper picks up on this gap and presents the results of an in-depth comparative case study drawing on interviews conducted with five managers of three companies from the clothing sector in 2018 and abductive content analysis. By applying such a qualitative approach, this study explores motivations and benefits as well as elaborates on the implementation of certification schemes in apparel supply chains. It outlines that certification in the clothing sector is driven by strategic factors, marketing considerations, and information considering sustainability aspects. The study also shows that certification schemes may strengthen the marketing and competitive position of clothing companies as well as sustainability awareness in textile and apparel supply chains in general. Finally, a framework conceptualized from the findings of the interviews presents relevant SSCM practices in the clothing industry. Therefore, the present study contributes to theory building in SSCM by confirming and extending previous research on the implementation of certification schemes for sustainability, as well as to practice by examining reasons to apply certification schemes and potential performance outcomes.

scholarly journals Value-oriented supply chain risk management: you get what you expect

2016 ◽  
Vol 116 (5) ◽  
pp. 1061-1083 ◽  
Author(s):  
Peter Trkman ◽  
Marcos Paulo Valadares de Oliveira ◽  
Kevin McCormack
Keyword(s):  
Risk Management ◽  
Supply Chain ◽  
Small Sample ◽  
Limited Attention ◽  
Supply Chain Risk Management ◽  
Confirmation Theory ◽  
Supply Chain Risk ◽  
Risk Avoidance ◽  
Content Type ◽  
Expectation Confirmation

Purpose – With the globalisation of supply chains the importance of supply chain risk management (SCRM) has grown considerably. Still, although both researchers and practitioners fully agree on its importance, most companies pay very limited attention to SCRM. The purpose of this paper is to use expectation confirmation theory to investigate the reasons for that. Design/methodology/approach – The authors use a combination of six mini case studies and a survey of 89 companies to show how a different attitude towards SCRM can lead to greater value from SCRM efforts. Findings – In line with the expectation confirmation theory the authors stipulate that the primary reason is in companies’ attitudes towards SCRM. Their main expectation is risk avoidance and not value generation. In such a case, even “successful” SCRM programmes merely confirm such an expectation (e.g. no risk materialised or with a limited impact) and the company continues to avoid risk while limiting the resources for SCRM. It is only when the expected benefit of SCRM is not solely risk avoidance but mainly value generation that increased attention can be expected over time. Research limitations/implications – The paper is exploratory in nature. Some of the stipulations in the theoretical part were not fully investigated in the quantitative part. The survey had a relatively small sample and a low-response rate. The constructs used in the survey did not use previously validated questionnaires. Practical implications – Companies should focus on changing expectations of their managers and employees regarding SCRM and emphasise the value potentially generated by SCRM. Originality/value – Use of expectation confirmation theory to investigate the reasons for limited attention to SCRM, to improve the understanding of attitude towards SCRM and to open many important areas for further research.

scholarly journals Pharmaceutical supply chain transformation through application of the Lean principle: A literature review

2020 ◽  
Vol 13 (3) ◽  
pp. 475
Author(s):  
Berty Argiyantari ◽  
Togar M Simatupang ◽  
Mursyid Hasan Basri
Keyword(s):  
Supply Chain ◽  
Literature Review ◽  
Previous Literature ◽  
Future Research ◽  
Limited Attention ◽  
Research Approach ◽  
Chain Process ◽  
Pharmaceutical Supply Chain ◽  
Lean Principle ◽  
Lean Supply Chain

Purpose: This study aims to review the previous literature on the topic contained in the title in order to identify gaps in the existing research relating to lean supply chain-related issues within the pharmaceutical industry since limited attention has been devoted to this sector.  Design/methodology/approach: This study presents a systematic literature review that proposes an analysis and classification of the previous literature as falling within one of four categories, namely; the supply chain area, research approach, research objective, and lean supply chain elements.Findings: The results of this study indicate that most attention was focused on manufacturing, while upstream suppliers, downstream activities and the entire supply chain process have received comparatively scant consideration. Similarly, the issues of information technology management, supplier management, customer relations, and logistics management as well as practitioner involvement represent inadequately developed topics. Future research should address these omissions, in addition to the integration of quality compliance and digital innovation as they relate to pharma 4.0.Practical implications: This article serves as a guide to acquiring sufficient knowledge of the pharmaceutical supply chain prior to implementing lean supply chain management. Moreover, it is anticipated that the research it contains will contribute to eradicating the knowledge gap by expanding the existing limited body of literature on the adoption of lean approach in the PSC.Originality/value: This study is one of a limited number of literature analyses potentially helpful in developing a roadmap of lean principle application to the pharmaceutical supply chain

When the Tail Wags the Dog: Industry Leaders, Limited Attention, and Spurious Cross-Industry Information Diffusion

2013 ◽  
Vol 59 (11) ◽  
pp. 2566-2585 ◽  
Author(s):  
Ling Cen ◽  
Kalok Chan ◽  
Sudipto Dasgupta ◽  
Ning Gao
Keyword(s):  
Information Diffusion ◽  
Limited Attention

Suicide-Bereaved Individuals’ Attitudes Toward Therapists

Crisis ◽  
2015 ◽  
Vol 36 (2) ◽  
pp. 135-141 ◽  
Author(s):  
Erin F. Ward-Ciesielski ◽  
Madeline D. Wielgus ◽  
Connor B. Jones
Keyword(s):  
Mental Health Treatment ◽  
Online Survey ◽  
The United States ◽  
Limited Attention ◽  
Time Of Death ◽  
Loved One ◽  
Important Group ◽  
Positive Attitudes ◽  
Suicide Bereaved ◽  
Research Domain

Background: Suicide-bereaved individuals represent an important group impacted by suicide. Understanding their experiences following the suicide of a loved one is an important research domain, despite receiving limited attention. Although suicide-bereaved individuals may benefit from mental health treatment, their attitudes toward therapy and therapists are poorly understood. Aims: The present study aimed to understand the extent to which bereaved individuals’ attitudes toward therapy and therapists are impacted by whether their loved one was in therapy at the time of death. Method: Suicide-bereaved individuals (N = 243) from the United States were recruited to complete an online survey about their experience with and attitudes toward therapy and therapists following the suicide of a loved one. Results: Bereaved individuals whose loved one was in therapy at the time of death (N = 48, 19.8%) reported more negative and less positive attitudes toward the treating therapist than those whose loved one was not in therapy at the time of death (N = 81, 33.3%) or whose loved one was never in therapy/the deceased’s therapy status was unknown (N = 114, 46.9%). Conclusion: The deceased’s involvement with a therapist appears to be an important factor impacting the experience of bereaved individuals and should be considered when attempting to engage these individuals in postvention.

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