What does dynamic capabilities represent in firms?–(Chari et al 2022)
Firms’ ability to integrate, build, and reconfigure internal and external competencies to address rapidly changing environments.
What are the 3 process steps for dynamic capabilities? -(Chari et al 2022)
(1) Sense -> (2) Seize -> (3) Transform
What does ‘sense’ mean?-(Chari et al 2022)
Sense opportunities: technological possibilities and opportunities
What does ‘seize’ mean?-(Chari et al 2022)
Refine and design business model. Allocate resources where needed. Also to anticipate your competitor’s reaction and defend your IP.
What does ‘transform’ mean?-(Chari et al 2022)
To re-align the structure and culture. Means to align existing capabilities as you invest in new ones.
What are the 4 digital disciplines? (PPT)
Sense
Collaborate
Optimize
Respond
What are the 5 intelligent supply capabilities? Related to procurement…
1) Smart sourcing
2) Intelligent contract management
3) Intelligent category management
4) Supplier network collaboration
5) Supplier analytics
What are the 8 Enablers for Supply chain Visibility?- (Agrawal et al 2022)
1) Data quality
2) Information sharing
3) Top management support
4) Trust
5) Interorganisational collaboration
6) Common supply chain data
7) Connected & integrated systems
8) Standardisation
What are the 3 main categories for SCV?
- Demand
- Process
- Supply
What is a digital supply chain twin?
A digital supply chain twin represents the physical supply chain based on actual transportation, inventory, demand, and capacity data and can therefore be used for planning and real-time control decisions.
What is supply chain agility?
SCA allows the supply chain members to respond to turbulent and volatile markets in a cost-effective and efficient manner by flexibly adapting to changing market demands.
