Seung‐Kuk Paik and Prabir K. Bagchi
In the age of globalization, seaports play a vital role in connecting national supply chains to the global marketplace. Improving port operations has become a priority for many…
Abstract
In the age of globalization, seaports play a vital role in connecting national supply chains to the global marketplace. Improving port operations has become a priority for many countries. One of the ways to achieve this objective is process reengineering. This paper reviews the IT‐enabled reengineering process at Pusan Port, South Korea. The paper examines the issues and problems leading to process reengineering, the steps involved in the reengineering process, and major performance improvements. Lessons learned from the case have been highlighted for the benefit of port planners in developing countries. The case can thus form the baseline on which further adaptation can be made to suit their specific needs.
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Seung‐Kuk Paik and Prabir K. Bagchi
This study attempts to determine the relative contribution of each of the causes of the bullwhip effect and to identify which causes of the bullwhip effect have relatively…
Abstract
Purpose
This study attempts to determine the relative contribution of each of the causes of the bullwhip effect and to identify which causes of the bullwhip effect have relatively significant impacts on the variability of orders in supply chains.
Design/methodology/approach
Computer simulation models are developed. A fractional factorial design is used in collecting data from the simulation models. Statistical analyses are conducted to address the research objectives.
Findings
When all of the nine possible causes of the bullwhip effect are present in the simulation models, the following six factors are statistically significant: demand forecast updating, order batching, material delays, information delays, purchasing delays and level of echelons. Among these six factors, demand forecast updating, level of echelons, and price variations are the three most significant ones.
Research limitations/implications
Simulation models for the beer distribution game are developed to represent supply chains. Different supply chain structures can be constructed to examine the causes of the bullwhip effect.
Practical implications
In order to mitigate the bullwhip effect, supply chain managers need to share actual demand information and coordinate production and distribution activities with their partners.
Originality/value
This study measures the relative contribution of each of the causes of the bullwhip effect and provides evidence that transparent and accurate information flow and supply chain coordination could be a key to reduce the amplification of demand in supply chains.
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Prabir K. Bagchi and Seung‐Kuk Paik
Development and management of ports is a major objective of economic development in many countries. As ownership and operations of seaports have traditionally been in the public…
Abstract
Development and management of ports is a major objective of economic development in many countries. As ownership and operations of seaports have traditionally been in the public sector, restructuring has often been slow and frustrating. Public‐private partnership has been offered by many as a solution. This paper reviews a project at Pusan port, South Korea where close public‐private partnership was the key to success. Relying on the experience gained from the Pusan port, a process model has been offered that many other ports in developing countries can use to achieve successful public‐private collaboration.
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The purpose of this paper is to consider the effect of effectuation logic on the buying intentions of small firm owner-managers.
Abstract
Purpose
The purpose of this paper is to consider the effect of effectuation logic on the buying intentions of small firm owner-managers.
Design/methodology/approach
Literature relating to organisational buying, marketing and personal selling and entrepreneurial decision making was synthesised.
Findings
This paper presents a conceptual model based on propositions relating to how effectuation logic may explain the predilection of small firm owner-managers to select trusted suppliers from within personal and business networks, and to engage on flexible terms. It suggests that supplier relationship decisions made using effectuation logic may enable wider choice of suppliers than the formal processes of large firms.
Research limitations/implications
The findings were developed from a narrative review of literature and are yet to be empirically tested.
Originality/value
By synthesising research findings on small firm buyer behaviour, the IMP interaction approach and effectuation, it has been possible to develop a predictive model representing buyer–seller relationships in the context of small firms which suggests that owner-managers select suppliers in line with the principles of effectuation means and effectuation affordable loss.