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Agile Value Creation and Co-evolution in Global Supply Chains
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Author(s): Ali Alavizadeh (Indiana University-Purdue University Fort Wayne, USA), Reza Djavanshir (The Johns Hopkins Carey Business School, USA), Mohammad J. Tarokh (K.N. Toosi University of Technology, Iran)and Jaby Mohammed (The Petroleum Institute, United Arab Emirates)
Copyright: 2012
Pages: 18
Source title:
Customer-Oriented Global Supply Chains: Concepts for Effective Management
Source Author(s)/Editor(s): Ephrem Eyob (Virginia State University, USA)and Edem G. Tetteh (Virginia State University, USA)
DOI: 10.4018/978-1-4666-0246-5.ch006
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Abstract
Today’s global economy requires that companies and their supply chains become more agile and lean to address the changing customers’ requirements and market. A global customer-oriented supply chain network cannot be successful without agility and co-evolution. The literature on design, operation, evolution, and agile management of supply chains for such an economy is growing rapidly. However, existing research does not seem to reflect the co-evolutions of different segments of supply chains. This chapter sheds light on the concept of co-evolution and its application in supply chain management, as well as how it can contribute to creating value for all customers. It is worth mentioning that co-evolution and agility are ongoing processes. As technology changes and market varies, new challenges in terms of agility appear and companies should address them and modify their approach accordingly.
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