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how effective supply chain design could help to enhance profitability and stake

Business & Finance
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 how effective supply chain design could help to enhance profitability and stakeholder value for the company, including the 

Oct 20th, 2014

A well-designed and implemented Vendor Performance program will capture performance history across a wide span of supply chain activities. It will detect performance throughout the entire PO lifecycle and provide rapid feedback to supply chain stakeholders, to maximize opportunities to correct supply chain performance failures before they are repeated.Therefore in order to survive in the competitive market, nowadays firms are obliged to strive for fulfilment of stakeholders' expectations.

The concept of "value" has gone beyond the preliminary view of exclusive value generation just for shareholders. Therefore organizations must be evaluated by generation of not only economic value but also ecological and social value. In other words organizations should consider value creation for all stakeholders who are involved with the company and not only for shareholders.

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Stakeholders' satisfaction in supply chain should be more noted by managers since value creation through supply chain activities can be considered as a competitive advantage in the competitive market. In contrast to the traditional supply chain management, nowadays there is a fierce competition among supply chains rather than firms. To increase stakeholders' satisfaction, it is needed to evaluate supply chain performance to determine how much value can be created. Thus, using an effective method is essential to evaluate supply chain value. Although many methods, frameworks and techniques are utilized in the literature using variety of indices identified by experts and executives to measure supply chain performance, usually they applied indices concerning just a specific group of stakeholders such as customers or shareholders without any technical method to have stakeholders' satisfaction in mind. In this study a framework was proposed to link stakeholders' satisfaction and supply chain performance evaluation by applying review of studies concerning evaluation of supply chain from a value perspective. To increase supply chain value this study proposed an algorithm capable of improving value creation process which can result in satisfaction of all groups of stakeholders.


Oct 20th, 2014

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