Mastering Supply Chain Management in an Era of Uncertainty at SKF. Issue 6 (September 2015)

• Record Type: Journal Article
• Authors: Abrahamsson, Mats; Christopher, Martin; Stensson, Bo‐Inge
• Is Part Of: Global business and organizational excellence. Volume 34:Issue 6(2015)
• Page Start: 6
• Page End: 17
• Publication Date: 2015-09
• Subjects: Industrial productivity -- Periodicals; Industrial management -- Periodicals; Industrial organization -- Periodicals; 658
• DOI: 10.1002/joe.21631
• Languages: English
• ISSNs: 1932-2054

Abstract

<abstract abstract-type="main"> <title> <x xml:space="preserve">Abstract</x> </title> <p>To stay ahead in an increasingly competitive business environment, organizations need agile supply chain systems that are holistically designed and managed. The experiences of SKF, a Swedish multinational firm, point to the benefits of reengineering upstream capabilities to create value downstream. To foster the flexibility, responsiveness, and other dynamic capabilities needed to manage increased supply chain complexity, the company established programs to involve its suppliers in the value creation process, making them an extension of the organization's resource base. The overall objective has been to migrate from a business model based on economies of scale in operations to one that exploits both economies of scope and economies of integration. As a result of its efforts to create a more agile and cost‐efficient supply chain, the company has been able to decrease supply risks while improving its value creation process and responsiveness to new customer demands and advancing its sustainability and social responsibility initiatives. ©2015 Wiley Periodicals, Inc.</p> </abstract>