Supply chain modeling: past, present and future

  • Authors:

  • Hokey Min;Gengui Zhou

  • Affiliations:

  • Logistics and Distribution Institute (LoDI), University of Louisville, Suite 437, Lutz Hall, Louisville, KY;UPS Center for World-wide Supply Chain Management, Logistics and Distribution Institute, University of Louisville, Louisville, KY and College of Business Administration, Zhejiang University of Tec ...

  • Venue:
  • Computers and Industrial Engineering - Supply chain management
  • Year:
  • 2002

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Abstract

Over the years, most of the firms have focused their attention to the effectiveness and efficiency of separate business functions. As a new way of doing business, however, a growing number of firms have begun to realize the strategic importance of planning, controlling, and designing a supply chain as a whole. In an effort to help firms capture the synergy of inter-functional and inter-organizational integration and coordination across the supply chain and to subsequently make better supply chain decisions, this paper synthesizes past supply chain modeling efforts and identifies key challenges and opportunities associated with supply chain modeling. We also provide various guidelines for the successful development and implementation of supply chain models.