DIGITAL SC CAPABILITIES Flashcards
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.
