Larger, counter-intuitive and lasting – The PSM role in responding to the COVID-19 pandemic, exploring opportunities for theoretical and actionable advances. Issue 3 (June 2021)

• Record Type: Journal Article
• Authors: van Hoek, Remko
• Is Part Of: Journal of purchasing and supply management. Volume 27:Issue 3(2021)
• Publication Date: 2021-06
• Subjects: COVID-19 -- Risk management -- Role of PSM; Industrial procurement -- Europe -- Management -- Periodicals; Purchasing -- Europe -- Periodicals; Purchasing -- Europe -- Management -- Periodicals; Materials management -- Europe -- Periodicals; Industrial procurement -- Management; Materials management; Purchasing; Purchasing -- Management; Europe; Periodicals; 658.7205
• DOI: 10.1016/j.pursup.2021.100688
• Languages: English
• ISSNs: 1478-4092

Abstract

Abstract: PSM has played an important role in the initial mitigation of risks caused by the COVID-19 pandemic. We explore the nature and scope of this role and develop a roadmap for PSM contributions towards greater supply chain resilience. We find that the role of PSM is (1) multidimensional; responding to supply risks but also to demand and logistics risks, (2) counter to game theory; collaboration increased instead of decrease, (3) multi-stage; beyond the initial response the hardest change efforts are still ahead. The pandemic is accelerating the journey towards future-proof PSM but not necessarily revolutionizing the future of PSM. Highlights: PSM has played an important role in the initial mitigation of risks caused by the COVID-19 pandemic. We develop a roadmap for PSM contributions towards greater supply chain resilience. The role of PSM is multidimensional, counter to game theory, multi-stage.