Supply Management: A Transaction Cost Economics Framework

Garfamy, Reza Mohammady

doi:10.2478/v10033-012-0022-6

Cited by 9 publications

(5 citation statements)

References 34 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…A few previous studies have succeeded in illustrating from a supply chain perspective how costs for logistics activities are shifted when outsourcing logistics activities. Dekker and Van Goor (2000) and Garfamy (2012) suggested including different supply chain actors but did not illustrate how costs are shifted between the actors. The CI 23,4 contribution of this study is that we show how the costs and responsibilities are shifted between different supply chain actors, thus contributing important knowledge for future supply chain costing research.…”

Section: Discussionmentioning

confidence: 99%

A model for visualizing cost shifts when introducing construction logistics setups

Thunberg

Fredriksson

2022

View full text Add to dashboard Cite

Purpose The purpose of this study is to identify how the responsibilities and costs of planning, controlling and executing the material, resource and waste flows are shifted between actors when introducing a construction logistics setup (CLS) as a product innovation in a construction project, compared to the traditional way of organizing these activities. Design/methodology/approach This study is an analytical conceptual research study which aims to bring new insights into a problem through logical relationship building. Empirical data are gathered in two cases where CLSs are used, through observations and interviews regarding how the activities within the order-to-delivery process are performed. The results have been discussed at workshops with suppliers, installation companies, contractor firms and trade unions. Findings The outcome of this study is a model for illustrating how costs and responsibilities are shifted in the construction project and supply chain when a CLS is introduced. The cost shift is dependent on the activity shift that accompanies the services included in the setup. Practical implications The practical contribution of this work is twofold. First, this study provides a methodology of how to evaluate the impact of logistics services on the actors in the construction project. Second, this study shows shifts in costs and responsibilities in logistics activities with the introduction of construction logistics services. Originality/value The theoretical contributions of the model and this study lie in the inclusion of a multi-actor perspective in total cost modelling in supply chains.

show abstract

Section: Discussionmentioning

confidence: 99%

A model for visualizing cost shifts when introducing construction logistics setups

Thunberg

Fredriksson

2022

View full text Add to dashboard Cite

show abstract

“…Investments that are specific to a relationship lock in the supplier and increase the costs of switching to another buyer. According to Garfamy (2012), the greater the level of asset specificity, the more an allied partner needs cooperation adaptability to modify the agreement rather than leave the partnership. In the case of a low level of asset specificity, the desire for cooperation adaptability diminishes and the need for exit flexibility increases.…”

Section: Literature Reviewmentioning

confidence: 99%

Working capital management in the Russian automotive industry supply chain

Pirttilä

Virolainen

Lind

et al. 2020

International Journal of Production Economics

View full text Add to dashboard Cite

Companies must successfully finance their supply chains if they are to maintain their competitive advantage. Specifically, asset management in a supply chain is an essential component of improving one's financial stance. This study examines operational working capital management in the Russian automotive supply chain using the transaction cost theory (TCE) perspective. It considers working capital management (WCM) models with financial supply chain analysis using cash conversion cycles (CCC) and return on assets (ROA) as measurements. Companies operating with efficient WCM models are usually the leaders and the most powerful actors in the supply chain. Overall, according to our analysis long accounts payable payment period are prevalent, inventory levels high and CCCs short. Further, the most profitable firms are those that pay their suppliers promptly. The WCM models based on the data of this study may contribute to deliberate strategies and choices regarding the optimal governance structures of supply chains.

show abstract

“…al., 2014Minarik, 2007Porter, 1996Ireland, Hitt & Sirmon, 2003Ireland & Webb, 2007;Kalantaridis, 2009;Kraus et.al., 2011;Kyrgidou, 2008;Luke, Kearins & Verreynne, 2011) Bamford et al 1997) Basco, 2014Garfamy, 2012).…”

Section: Figure 1 Smes Wealth Creation Modelmentioning

confidence: 99%