• Title/Summary/Keyword: Information Supply Chains

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Analysis on Issues Related to Supply Chain Management in the Era of Covid19 using Network Text Analysis (코로나19 시대의 공급사슬관리 관련 이슈 분석: 기사자료 네트워크 텍스트 분석을 중심으로)

  • Rha, Jin Sung
    • Journal of Korea Society of Industrial Information Systems
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    • v.25 no.6
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    • pp.109-123
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    • 2020
  • There has been a major change in the way of life and thinking of all mankind due to covid19. In particular, managerial issues related to supply chain such as global supply chain disruption, and trade friction among countries are drawing the attention. Accordingly, a number of studies are being conducted on the supply chain challenges and solutions to overcome the covid19 crisis, but published research on the impact of covid19 on supply chain management is lacking. In this study, network text analysis is conducted mainly on news articles and this study summarizes the issues related to supply chain management in the era of covid19. The trend analysis results indicated that actively discussed area was global supply chain restructuring and confirmed that main topics are re-shoring, applications of new technology, and the new normal in supply chains. The findings are expected to help expand the scope of research in supply chain management research in the covid19 era.

Decision Strategies Based on Meteorological Forecast Information in a Beer Distribution Game

  • Lee, Ki-Kwang;Kim, In-Gyum;Han, Chang-Hee
    • Journal of Information Technology Applications and Management
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    • v.15 no.3
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    • pp.79-90
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    • 2008
  • With the corporate environment nowadays being surrounded by plenty of information, the sharing of information among businesses through mutual cooperation tops the list of hot issues. Predictions of demands from the customer, business, or consumer by sharing information can affect the inventory and order production system. However, notwithstanding the importance of sharing information, empirical studies on quantitative use of information still remain insufficient in spite of many a discussion now being made on the sharing of information. This paper proposes to examine the ways meteorological information may affect the rises in the achievements of supply chains in distributive businesses, the kind of information that noticeably affects the consumer behavioral patterns in the distributive businesses but rarely perceived as a form of information shared by businesses. This study is based on a model in which meteorological information has been added as the one used to predict demands, after the beer distribution game has been modified to fit the current status, and simulations under an assumptive situation, where decisions are made on a daily basis, were conducted 50 times for a period of 1000 days for the generalization of the results, while at the same time a Duncan Test was conducted to determine the threshold to use the meteorological information that will be most profitable to the retailer, wholesaler, supplier and the supply chain as a whole. Our findings indicate that corporations have thresholds that vary from business to business depending upon the ratio of backlog costs to inventory costs. At the same time, our findings also show that there existed effective thresholds depending upon the ratio of backlog costs to inventory costs for the performance of the overall supply chain.

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Evolutionary Approach for Traveling Salesperson Problem with Precedence Constraints

  • Moon, Chi-Ung;Yun, Young-Su
    • Proceedings of the Korean Institute of Intelligent Systems Conference
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    • 2007.04a
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    • pp.305-308
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    • 2007
  • In this paper we suggest an efficient evolutionary approach based on topological sort techniques for precedence constrained TSPs. The determination of optimal sequence has much to offer to downstream project management and opens up new opportunities for supply chains and logistics. Experimental results show that the suggested approach is a good alternative to locate optimal solution for complicated precedence constrained sequencing as in optimization method for instance.

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A Study on the Value of Shared Real-time Stock Information in Two-Echelon Distribution Supply Chains (2계층 분배형 공급사슬에서 실시간 공유 재고 정보의 가치에 관한 연구)

  • Seo, Yong-Won;Jung, Sung-Won;Hahm, Ju-Ho
    • IE interfaces
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    • v.13 no.3
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    • pp.444-454
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    • 2000
  • Due to the improvement of modern information technologies, sharing stock information among the supply chain members is a common practice nowadays. Many companies are planning to adopt the information systems to possess the real-time shared stock information. Thus, it is needed to quantify the value of shared stock information. The purpose of this paper is to evaluate the value of the shared stock information for two-echelon distribution systems. Existing reorder policies can be classified into installation stock policies and echelon stock policies. Since installation stock policies do not utilize the shared stock information, and both classes of policies may show poor performances for distribution systems, we cannot evaluate the value of the shared stock information with the existing policies. Thus, we provide a new type of reorder policy, named order risk policy. We define the order risk using marginal analysis, and prove the optimality. Through computational experiment that compares the order risk policy with the existing policies, it is shown that a significant cost reduction is achieved with the effective utilization of the shared stock information. We also show the effect of the system characteristics on the value of the shared stock information.

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The Impact of Relational Characteristics in Logistics Firm on Collaboration and Performance (물류기업의 관계특성이 협업 및 성과에 미치는 영향에 관한 연구)

  • Choi, Sung-Kwang;Ha, Myung-Shin
    • Journal of Korea Port Economic Association
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    • v.27 no.3
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    • pp.13-39
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    • 2011
  • Many previous studies on the subject of supply chain have consistently claimed that they need collaboration among the partners of supply chains in order to enhance supply chain performance. The purpose of research is to examine the causal linkages among relational characteristics, collaboration, performance in the logistics firm and this research focuses on two types collaboration(operational collaboration and strategic collaboration) as the mediation variable between relational characteristics and supply chain performance. To test the above research questions, we collected data from logistics firm(N=164). The proposed structural model was tested using the PLS(Partial Least Square) statistical program. The research results are as follows. Trust, and information sharing have positive influences on operational collaboration, and operational collaboration have also positive influences on supply chain performance. Duration and information sharing have positive influences on strategic collaboration. However, strategic collaboration has non-positive influences on supply chain performance. The effect of relational characteristics on supply chain performance is mediated by operational collaboration.

Review of ESG Challenges in Supply Chain Management Using Text Analysis (ESG 경영시대의 공급망 관리 분야 과제: 텍스트 분석을 활용하여)

  • Rha, Jin Sung
    • Journal of Korea Society of Industrial Information Systems
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    • v.27 no.5
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    • pp.145-156
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    • 2022
  • In recent years, as there is growing concern with ESG (Environmental, Social, and Governance), the strategic direction of business management is changing from maximizing shareholders wealth to maximizing stakeholders value. ESG is reshaping a corporation's supply chain management strategies. The purpose of this study is to explore the ESG challenges in supply chain management. As a result of network text analysis and topic modeling analysis on 3226 news articles, 'Suppliers', 'Sustainability', 'Shared Growth' 'Carbon Neutral', 'Safety and Health', 'Responsible Business Alliance', 'Supply Chain Due Diligence Law' were identified as the main issue. Since ESG initiatives in the supply chain are not limited to the efforts of individual firms, future research should focus on figuring out what difficulties and challenges exist in the diffusion of ESG practices along multi-tiered supply chains, and how to overcome them.

A Study on the Supplementation of the Korea's National Information Security Manual from the Perspective of Cyber Supply Chain Security (사이버 공급망 보안 관점의 국가 정보보안 기본지침 개선방안 연구)

  • You, Young-in;Bae, Sunha;Kim, So Jeong;Kim, Dong Hee
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.32 no.2
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    • pp.309-327
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    • 2022
  • As ICT convergence is progressing in all industrial fields and creating the global ecosystem of the supply chain is accelerating, supply chain risk related with cyber area are also increasing. In particular. the supply chain of ICT products is very complex in terms of technical and environmental factors to be managed, so it is vert difficult to transparently manage the entire life cycle. Accordingly, the US, UK, and EU, etc. are conducting and establishing cyber supply chainsecurity-related research and policies for ICT product supply chains. Korea also has the plan to establish management system to secure the supply chain of major ICT equipment as a task in the basic plan of the national cybersecurity strategy announced in 2019, but there is no concrete policy yet. So, In this paper, we review the cyber supply chain security management system in the United States and present a supplementary way to the National Information Security Manual in Korea from the perspective of cyber supply chain security. It is expected that this will serve as a reference material for cyber supply chain measures that can be introduced in domestic information security field.

An Effect Analysis for Improvement of Information Lead Time on Supply Chains : A Case Study of Manufacturing Industry (제조업 공급체인에서 정보리드타임 개선의 효과 사례분석)

  • Kim, Chul-Soo;Kim, Garp-Choong
    • The KIPS Transactions:PartD
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    • v.10D no.1
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    • pp.161-166
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    • 2003
  • Information lead time is defined as the time spent by processing orders from some buyers, whereas order lead time is defined as producing and supplying the products. The information lead time significantly serve to magnify the increase in variability due to demand forecasting. This paper models a decentralized supply chain composed of cascade type which has four type phases (or divisions) such as retailer, wholesaler, distributor, and factory. Each phases is managed by different centers individually with their own local inventory information. We investigate whether each phase's Information lead time affects companies networked a value chain. In particular, on several experiments performed with a programmed simulation (like a MIT beer game), we study the following question ; Can information lead times do better than material lead times in cost-benefit perspective\ulcorner Can more much Information lead times in downstream reasonably do worser than in upstream when playing the simulation\ulcorner In the conclusion, we show the importance of information lead time on a SC and, besides, guarantee that improvement of information lead time in upstream do more effective than one in downstream in cost-benefit perspective.

A Multi-Phase Decision Making Model for Supplier Selection Under Supply Risks (공급 리스크를 고려한 공급자 선정의 다단계 의사결정 모형)

  • Yoo, Jun-Su;Park, Yang-Byung
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.40 no.4
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    • pp.112-119
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    • 2017
  • Selecting suppliers in the global supply chain is the very difficult and complicated decision making problem particularly due to the various types of supply risk in addition to the uncertain performance of the potential suppliers. This paper proposes a multi-phase decision making model for supplier selection under supply risks in global supply chains. In the first phase, the model suggests supplier selection solutions suitable to a given condition of decision making using a rule-based expert system. The expert system consists of a knowledge base of supplier selection solutions and an "if-then" rule-based inference engine. The knowledge base contains information about options and their consistency for seven characteristics of 20 supplier selection solutions chosen from articles published in SCIE journals since 2010. In the second phase, the model computes the potential suppliers' general performance indices using a technique for order preference by similarity to ideal solution (TOPSIS) based on their scores obtained by applying the suggested solutions. In the third phase, the model computes their risk indices using a TOPSIS based on their historical and predicted scores obtained by applying a risk evaluation algorithm. The evaluation algorithm deals with seven types of supply risk that significantly affect supplier's performance and eventually influence buyer's production plan. In the fourth phase, the model selects Pareto optimal suppliers based on their general performance and risk indices. An example demonstrates the implementation of the proposed model. The proposed model provides supply chain managers with a practical tool to effectively select best suppliers while considering supply risks as well as the general performance.

Effects of Conflict Management Strategy Within Supply Chain on Partnership and Performance (공급망 내 갈등관리전략이 파트너십과 성과에 미치는 영향)

  • Ham, Yoon-Hee;Song, Sang-Hwa
    • Korean small business review
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    • v.42 no.1
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    • pp.79-105
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    • 2020
  • While individual enterprises with different objectives each other within supply chains require a variety of resources to achieve their own seeking goals and performances, it is necessary to form interdependent relationships among the enterprises to secure the resources what they need, as the individual enterprises are supposed to have limitations on such as time, space and cost to secure all the resources. In this process, conflict possibilities rise and opportunistic behaviors increase due to those environmental factors such as unbalanced information among enterprises, limited rationality, pursuit of interests, and risk aversion. Those existing studies on conflicts in the field of supply chains have limitations in that they failed to present specific conflict management strategies based on the conflict types from the perspective of the conflict resolution mechanism as the studies have made only focused on investigating the causes of conflicts and the impact of conflicts on performance. In this study, therefore, it used the TKI model of Kilmann and Thomas(1977) to subdivide the conflict management strategies in the process of transactions within supply chains by enterprises, and looked into the impact on partnership and performance according to each strategy. As the results, it showed that those types of conflict management strategies such as concession type and cooperation type had a positive(+) impact on the relationship commitment as a factor of partnership, and it was identified that the relationship commitment had a positive(+) impact on performance. In other words, it can be considered that the enterprises making use of the concession type & the cooperation type conflict management strategies under the situation of conflict would be able to have a very positive impact on their performances if they can make good relationship commitment such as investments in and efforts for the sustainable relationship along with the conflict management, while recognizing the importance of relationship. The most important meaning of this study lies on in terms of that it would be contributable to strengthening the partnership between enterprises and minimizing the risk of supply chains caused by conflicts through these results from the study.