Theories
Currently there is a gap in the literature available on supply chain management studies: there is no theoretical support for explaining the existence and the boundaries of supply chain management. A few authors such as Halldorsson, et al. (2003), Ketchen and Hult (2006) and Lavassani, et al. (2009) have tried to provide theoretical foundations for different areas related to supply chain by employing organizational theories. These theories include:
- Resource-based view (RBV)
- Transaction Cost Analysis (TCA)
- Knowledge-Based View (KBV)
- Strategic Choice Theory (SCT)
- Agency Theory (AT)
- Institutional theory (InT)
- Systems Theory (ST)
- Network Perspective (NP)
- Materials Logistics Management (MLM)
- Just-in-Time (JIT)
- Material Requirements Planning (MRP)
- Theory of Constraints (TOC)
- Performance Information Procurement Systems (PIPS)
- Performance Information Risk Management System (PIRMS)
- Total Quality Management (TQM)
- Agile Manufacturing
- Time Based Competition (TBC)
- Quick Response Manufacturing (QRM)
- Customer Relationship Management (CRM)
- Requirements Chain Management (RCM)
- Available-to-promise (ATP)
- and many more
However, the unit of analysis of most of these theories is not the system “supply chain”, but another system such as the “firm” or the “supplier/buyer relationship”. Among the few exceptions is the relational view, which outlines a theory for considering dyads and networks of firms as a key unit of analysis for explaining superior individual firm performance (Dyer and Singh, 1998).
Read more about this topic: Supply Chain Management
Famous quotes containing the word theories:
“The egoism which enters into our theories does not affect their sincerity; rather, the more our egoism is satisfied, the more robust is our belief.”
—George Eliot [Mary Ann (or Marian)
“The wise man regulates his conduct by the theories both of religion and science. But he regards these theories not as statements of ultimate fact but as art-forms.”
—J.B.S. (John Burdon Sanderson)
“It takes twenty or so years before a mother can know with any certainty how effective her theories have been—and even then there are surprises. The daily newspapers raise the most frightening questions of all for a mother of sons: Could my once sweet babes ever become violent men? Are my sons really who I think they are?”
—Mary Kay Blakely (20th century)