2000
DOI: 10.5465/apbpp.2000.5535233
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An Evolutionary Process in the Supply Chain: From Arm's Length to Collaboration.

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“…Giunipero and Eltantawy (2004) advise that to manage risk effectively in a supply chain, organizations should move to adopt a closer relationship with their key suppliers, as joint buyer-supplier efforts may reduce risk in the supply process. Hoyt and Huq (2000) argue that collaborative supply chain partnerships aid the development of flexibility, responsiveness, and low-cost/low-volume manufacturing skills, and can thereby reduce risk. Cousins and Menguc (2006) and Lawson et al (2009) observe that the use of socialization and integration can reduce the perceived risk between the buyer and the supplier, as it increases information flow and transaction-specific investment of both parties and reduces the likelihood of opportunistic behavior.…”
Section: Introductionmentioning
confidence: 99%
“…Giunipero and Eltantawy (2004) advise that to manage risk effectively in a supply chain, organizations should move to adopt a closer relationship with their key suppliers, as joint buyer-supplier efforts may reduce risk in the supply process. Hoyt and Huq (2000) argue that collaborative supply chain partnerships aid the development of flexibility, responsiveness, and low-cost/low-volume manufacturing skills, and can thereby reduce risk. Cousins and Menguc (2006) and Lawson et al (2009) observe that the use of socialization and integration can reduce the perceived risk between the buyer and the supplier, as it increases information flow and transaction-specific investment of both parties and reduces the likelihood of opportunistic behavior.…”
Section: Introductionmentioning
confidence: 99%