IDEAS home Printed from https://ideas.repec.org/a/eee/bushor/v51y2008i3p235-243.html
   My bibliography  Save this article

Best value supply chains: A key competitive weapon for the 21st century

Author

Listed:
  • Ketchen, David Jr.
  • Rebarick, William
  • Hult, G. Tomas M.
  • Meyer, David

Abstract

All executives would like their organizations to perform better, and most seek ways to make that happen. This paper focuses on how supply chains -- the series of activities through which products and services are created and then distributed to customers -- can enhance firm performance. For the last couple of decades, most firms have emphasized maximizing speed or minimizing costs within their supply chains. In the current business landscape, however, a broader approach is needed. We describe the main advantages of developing best value supply chains as a tool for enhancing performance. These chains differ from traditional chains in important ways. Best value supply chains are used by organizations as a central element of strategy, not simply as a means to move materials. Rather than focusing primarily on speed or cost, best value supply chains are designed to deliver superior total value to the customer in terms of speed, cost, quality, and flexibility. Our contention is that organizations that develop best value supply chains will enhance their performance. We support this contention with examples from leading firms that reflect a best value approach.

Suggested Citation

  • Ketchen, David Jr. & Rebarick, William & Hult, G. Tomas M. & Meyer, David, 2008. "Best value supply chains: A key competitive weapon for the 21st century," Business Horizons, Elsevier, vol. 51(3), pages 235-243.
    • Handle: RePEc:eee:bushor:v:51:y:2008:i:3:p:235-243
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0007-6813(08)00029-3
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kerekes, Vivien & Felföldi, János, 2020. "SUPPLY CHAIN MANAGEMENT PRACTICES FOR SMEs," APSTRACT: Applied Studies in Agribusiness and Commerce, AGRIMBA, vol. 14(3-4), December.
    2. Kasim, Eley Suzana & Daud, Dalila & Alam, Md. Mahmudul & Omar, Normah & Kusrini, Elisa, 2021. "Application of Maqasid Al-Shariah into Supply Chain Management Practices for Sustainable Development," OSF Preprints 789vz, Center for Open Science.
    3. Park, YoungWon & Hong, Paul & Roh, James Jungbae, 2013. "Supply chain lessons from the catastrophic natural disaster in Japan," Business Horizons, Elsevier, vol. 56(1), pages 75-85.
    4. Grilec Kaurić, Alica & Miočević, Dario & Mikulić, Josip, 2014. "Dynamic Capabilities and Firm Effectiveness: The Mediating Role of Supply Chain Performance," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Blecker, Thorsten & Kersten, Wolfgang & Ringle, Christian M. (ed.), Innovative Methods in Logistics and Supply Chain Management: Current Issues and Emerging Practices. Proceedings of the Hamburg International Conferenc, volume 19, pages 391-412, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.
    5. Meysam MALEKI & Virgilio CRUZ MACHADO, 2013. "Generic Integration of Lean, Agile, Resilient, and Green Practices in Automotive Supply Chain," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(2), pages 237-248, May.
    6. ACHOKI Mong’are Philip, 2024. "The Impact Of Design For The Environment Practices On Operational Performance: A Case Of Food Manufacturing Companies In Kenya," Management of Sustainable Development, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 16(1), pages 24-36, June.
    7. Chang, Woojung & Ellinger, Alexander E. & Kim, Kyoungmi (Kate) & Franke, George R., 2016. "Supply chain integration and firm financial performance: A meta-analysis of positional advantage mediation and moderating factors," European Management Journal, Elsevier, vol. 34(3), pages 282-295.
    8. T. Saikouk & I. Zouaghi & A. Spalanzani, 2011. "Mitigating Supply Chain System Entropy by the Implementation of RFID," Post-Print halshs-00665653, HAL.
    9. Dreyer, Heidi C. & Strandhagen, Jan Ola & Thomassen, Maria K. & Romsdal, Anita & Gran, Erik, 2014. "Supply Chain Control Principles in Local Food Production: A Norwegian Case Study," International Journal on Food System Dynamics, International Center for Management, Communication, and Research, vol. 5(2), pages 1-16, August.
    10. Christian Hofer & Jordan M. Barker & Laura D'Oria & Jonathan L. Johnson, 2022. "Broadening our understanding of interfirm rivalry: A call for research on how supply networks shape competitive behavior and performance," Journal of Supply Chain Management, Institute for Supply Management, vol. 58(2), pages 8-25, April.
    11. Nagurney, Anna & Yu, Min & Floden, Jonas & Nagurney, Ladimer S., 2014. "Supply chain network competition in time-sensitive markets," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 70(C), pages 112-127.
    12. Cucagna, Maria Emilia & Goldsmith, Peter D., 2018. "Value Adding in the Agri-Food Value Chain," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 21(3), February.
    13. Daniel Kiel & Julian M. Müller & Christian Arnold & Kai-Ingo Voigt, 2017. "Sustainable Industrial Value Creation: Benefits And Challenges Of Industry 4.0," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 21(08), pages 1-34, December.
    14. Ketchen, David J. & Short, Jeremy C., 2011. "Separating fads from facts: Lessons from The Good, The Fad, And The Ugly," Business Horizons, Elsevier, vol. 54(1), pages 17-22.
    15. Dreyer, Heidi C. & Strandhagen, Jan Ola & Thomassen, Maria K. & Romsdal, Anita & Gran, Erik, 2014. "Supply Chain Design and Control Principles in Local Food Production: A Norwegian Case Study," 2014 International European Forum, February 17-21, 2014, Innsbruck-Igls, Austria 199344, International European Forum on System Dynamics and Innovation in Food Networks.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:bushor:v:51:y:2008:i:3:p:235-243. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/bushor .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.