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Servitization Strategy and Managerial Control
Type: Book
ISBN: 978-1-78714-845-1

Book part
Publication date: 23 September 2022

Temidayo Oluwasola Osunsanmi, Clinton Ohis Aigbavboa, Wellington Didibhuku Thwala and Ayodeji Emmanuel Oke

The prevalent practice of construction supply chain (CSC) in developing countries with a focus on Africa was presented in this chapter. Two African countries (South Africa and…

Abstract

The prevalent practice of construction supply chain (CSC) in developing countries with a focus on Africa was presented in this chapter. Two African countries (South Africa and Ghana) were selected due to the extensive literature on the CSC emanating from the countries. The impediment to the effective management of the CSC in the two African countries was also examined in this chapter. It was discovered that the vital inhibition to the performance of CSC in developing countries is the adoption of culture from developed countries without a proper model for ensuring its implementation in developing countries. Also, no model has incorporated the principles and technologies of the fourth industrial revolution (4IR) to manage the CSC. The failure to adopt the 4IR technologies like block chain, big data and the internet of things has prevented the proper application of CSC practices in developing countries. CSC practices like collaboration, integration, lean supply chain, information sharing, financial management and communication are the primary practice in developing countries. Finally, this chapter called for the development of a model for managing the CSC in developing countries in alignment with the principles of the 4IR.

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Construction Supply Chain Management in the Fourth Industrial Revolution Era
Type: Book
ISBN: 978-1-80382-160-3

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Book part
Publication date: 23 September 2022

Temidayo Oluwasola Osunsanmi, Clinton Ohis Aigbavboa, Wellington Didibhuku Thwala and Ayodeji Emmanuel Oke

This chapter focused on presenting the result of the Delphi study from the questionnaire distributed to the experts. The Delphi technique was used for modelling the construction…

Abstract

This chapter focused on presenting the result of the Delphi study from the questionnaire distributed to the experts. The Delphi technique was used for modelling the construction supply chain management (CSCM) practice in the fourth industrial revolution (4IR) era. The technique was also used to predict the supply chain management's (SCM) possible trends in the construction industry. A total of 15 experts were selected for this study based on their working experience. The Delphi study also validated the gaps (organisational culture and 4IR component) identified from the existing CSCM model. The findings from the Delphi study revealed that organisational culture has a significant impact on the practice of CSCM in the 4IR era. Regarding adopting the 4IR component for the CSCM in Nigeria, the Delphi study revealed that smart management and virtualisation are the most adopted. Unfortunately, the cyber-physical system, the heartbeat of the 4IR, is yet to be fully implemented for CSCM practice in the Nigerian construction industry.

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Construction Supply Chain Management in the Fourth Industrial Revolution Era
Type: Book
ISBN: 978-1-80382-160-3

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Abstract

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Responsible Investment Around the World: Finance after the Great Reset
Type: Book
ISBN: 978-1-80382-851-0

Book part
Publication date: 21 October 2019

Rudy Yaksick

The purpose of this chapter is to demonstrate how blockchain technology – which permits the Internet-based exchange of value (digital assets) – enables supply chain finance banks…

Abstract

The purpose of this chapter is to demonstrate how blockchain technology – which permits the Internet-based exchange of value (digital assets) – enables supply chain finance banks to overcome the challenges they face when attempting to create win–win transactions for supply chain participants. Traditionally, buyers and suppliers linked together in a supply chain have conflicting objectives as manifested by a zero-sum payoff structure. Suppliers want their invoices to be paid quickly in order to reduce their need for working capital. In contrast, buyers want to delay payment of invoices as long as possible in order to reduce their need for working capital. In other words, suppliers want a short cash conversion cycle; buyers want a long cash conversion cycle. This conflict is eliminated by the insertion of a financial intermediary (supply chain finance bank) between the buyer and the supplier. The bank eliminates the conflict by: (1) using its balance sheet to decouple the cash conversion cycles of the buyer and supplier; and (2) providing cheaper financing to impatient suppliers and reluctant buyers (since the bank has a higher credit rating than both the supplier and the buyer).

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Disruptive Innovation in Business and Finance in the Digital World
Type: Book
ISBN: 978-1-78973-381-5

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Book part
Publication date: 13 August 2014

Paul C. van Fenema, Bianca Keers and Henk Zijm

Sharing services increasingly extends beyond intraorganizational concentration of service delivery. Organizations have started to promote cooperation across their boundaries to…

Abstract

Purpose

Sharing services increasingly extends beyond intraorganizational concentration of service delivery. Organizations have started to promote cooperation across their boundaries to deal with strategic tensions in their value ecosystem, moving beyond traditional outsourcing. This chapter addresses two research questions geared to the challenge of interorganizational shared services (ISS): why would organizations want to get and remain involved in ISS? And: what are the implications of ISS for (inter)organizational value creation?

Design/methodology/approach

The conceptual chapter reviews literature pertaining to ISS from public, commercial, and nongovernmental sectors. ISS is understood as a multistakeholder organizational innovation. In order to analyze ISS and conduct empirical research, we developed a taxonomy and research framework.

Findings

The chapter shows how ISS can be positioned in value chains, distinguishing vertical, horizontal, and hybrid ISS. It outlines ISS implications for developing business models, structures, and relationships. Success factors and barriers are presented that epitomize the dynamic interplay of organizational autonomy and interorganizational dependence.

Research limitations/implications

The research framework offers conceptual ideas for theoretical and empirical work. Researchers involved in ISS studies may adopt strategic, strategic innovation, and organizational innovation perspectives.

Practical implications

ISS phases are distinguished to focus innovation management — initiation, enactment, and evaluation. Furthermore, insights are provided into processes and interventions aimed at making ISS a success for participating organizations.

Originality/value

Cross-sectoral perspective on ISS; taxonomy of ISS; research framework built on organization and strategic management literature.

Book part
Publication date: 10 May 2023

Rajbala Rajbala, Pawan Kumar Singh Nain and Avadhesh Kumar

Purpose: Technological innovations and frameworks that provide a framework for unification have evolved to improve information exchange across organisational units and information…

Abstract

Purpose: Technological innovations and frameworks that provide a framework for unification have evolved to improve information exchange across organisational units and information security. These integration technologies share and communicate information using defined protocols and different data. Service-oriented architecture (SOA) is a significant emerging approach that enables modular design solution construction.

Methodology: These designs are beneficial when many apps operating on different architectures and networks need to connect. A well-defined strategy and company-specific guidelines are essential for ensuring the firm’s systematic adoption of such an architecture. The critical components of MASSOASCM ‘(Multi-Agent System Service Oriented Architecture Supply Chain Management’ are a multi-agent system (MAS), a service-oriented structure, and supplier management. The MASSOASCM model has been made, and a production unit has been made to show how it works.

Findings: It has been stated that it saves development costs, and inventory management, all of which are critical concerns in any company. Our goal is to create an inventory control approach that relies on MAS and SOA but also a simulation that demonstrates how it works and may enhance Supply Chain Management (SCM) productivity in a production plant.

Practical Implications: The SCM implementation comprises three different services: SCM, SOA, and MAS. These facilities are constructed, maintained, planned, and implemented individually before being brought together collectively using MAS and SOA techniques.

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Contemporary Studies of Risks in Emerging Technology, Part A
Type: Book
ISBN: 978-1-80455-563-7

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Book part
Publication date: 25 April 2022

Istimaroh Istimaroh, Noor Aslinda Abu Seman, Bambang Setiaji and Norasmiha Mhd Nor

A crucial aspect of supply chain management (SCM) is the formulation of lean supply chain management (LSCM). In this sense, the key practices are extended towards the LSCM

Abstract

A crucial aspect of supply chain management (SCM) is the formulation of lean supply chain management (LSCM). In this sense, the key practices are extended towards the LSCM settings as alternative strategies and several frameworks were developed to help companies to make choices based on production disruption. Studies in this field have focussed mainly on SCM. Although manufacturing businesses recognise the necessity of effective SCM, but little study has been done on manufacturing LSCM. The behaviour and the potential for significant impacts on sustainable performance (SP) in manufacturing companies can vary with time and variations for approaches of the LSCM key practices. This chapter, therefore, focusses on main practices for LSCM on the basis of evaluations of experts in the Malaysian manufacturing sector in order to achieve SP in manufacturing companies. The aim of this chapter is to identify the key practices in LSCM on SP. Hence, this chapter reviewed 172 articles published from 2015 to 2019, used the methodology for SLR with three main steps: literature review planning, reviewing, and reporting. As a result, there are evidence that the key practices for LSCM used in previous studies are (1) customer relationship management, (2) supplier relationship management, (3) just in time manufacturing, (4) waste reduction, (5) cost reduction, and (6) minimise inventory level. In manufacturing industries, LSCM is more complex. Insights on the causing issues and SP are provided. Finally, this chapter contributes to SCM and literature on sustainability and has managerial implications for companies to improve SP more effectively.

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Sustainability Management Strategies and Impact in Developing Countries
Type: Book
ISBN: 978-1-80262-450-2

Keywords

Book part
Publication date: 25 May 2022

Begum Sertyesilisik

Enhanced sustainability performance of the supply-side in all industries, especially of the construction industry (CI), is one of the main pillars of the post-carbon transition in…

Abstract

Enhanced sustainability performance of the supply-side in all industries, especially of the construction industry (CI), is one of the main pillars of the post-carbon transition in the globalization and post-globalization phases. Focusing specifically on the CI, this chapter emphasises the importance of the post-carbon transition and environmental justice as well as role of the local and global supply-side in the CI in achieving them. Based on an in-depth literature review, this chapter aims to investigate and examine ways of achieving post-carbon transition and environmental justice through enhanced sustainability performance and reduced environmental footprint of the supply-side in the globalization and post-globalization phases. This chapter emphasizes importance of integrated thinking of the post-carbon transition, environmental justice and bio-based industries. Specific focus of this chapter is on the bioeconomy and construction biotechnology as well as on their roles in the post-carbon transition. Post-carbon construction supply chain can support increase in welfare and in competitiveness of the companies in the CI locally and globally. Construction biotechnology and public biodiversity investments, which can have potential for contributing to the post-carbon transition and environmental justice, have been emphasized in this chapter. Furthermore, this chapter provides recommendations on strategies for achieving post-carbon transition and environmental justice in all industries, particularly in the CI, locally and globally. Managers and professionals in all industries, policy makers, academics, nature and future generations can get benefit from this chapter.

Details

Globalization, Income Distribution and Sustainable Development
Type: Book
ISBN: 978-1-80117-870-9

Keywords

Book part
Publication date: 19 April 2022

Lydia Bals, Wendy L. Tate and Lisa M. Ellram

A circular economy perspective embraces a systemic, cradle-to-cradle notion that everything is designed to be reused as long as possible and then recaptured and repurposed when…

Abstract

A circular economy perspective embraces a systemic, cradle-to-cradle notion that everything is designed to be reused as long as possible and then recaptured and repurposed when reuse is no longer possible. Designing for a circular economy ecosystem requires a holistic, integrative viewpoint, spanning all aspects of design and development and considering many supply chain actors, far beyond that of traditional supply chains. This edited book adopts a biomimetic lens, highlighting the need for cross-industry flows and need for different actors (beyond producers and consumers) in circular value cycles. Enablers such as incentives and/or legislation are also discussed. While biomimicry provides the structure for organizing this book, individual chapters build on other theoretical lenses and concepts, such as stakeholder theory, etc. The intent is to move beyond a dyadic (buyer–supplier) view, embracing a holistic network or ecosystem view, to consider a cross-industry system perspective, where there is a diversity of actors (covering four actor groups: producers, consumers, scavengers, and decomposers) needed for a working ecosystem. This edited book offers a comprehensive overview of system components and actors, including how the circular economy adds value, the role of producers and consumers, the spectrum of recovery possibilities to return products back to the consumption supply chain, and the essential role of information management.

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Circular Economy Supply Chains: From Chains to Systems
Type: Book
ISBN: 978-1-83982-545-3

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