The Impact of Supplier Innovativeness Information Sharing update

Cornell Notes
Lecture, reading/chapter/novel/article during class, power point, movies (if need to collect info.)
Topic: Payment Schemes for a two-level consignment stock supply chain system
Essential Question: How does the supply innovativeness relate to information sharing and supply chain agility?

Questions/Main Ideas: Name: ____________
Date: ____
Notes:
Forceful innovation on outsourcing companies The forceful innovation on outsourcing companies brings in the risk of losing control and the critical knowledge of capacity reduction. However, the suppliers undergo the disadvantage of adopting innovation in the supply chain outweighing the suppliers and buyers demerits they hope to acquire.
Expansion of the supplier innovativeness The supplier innovation has increased tremendously and has been adopted by the stakeholders including the buyers, suppliers and manufacturers at varying levels.
Transfer of innovation into the system The transfer of innovation into the system has been explained by the diffusion of theory which has to the individuals accepting them. The innovativeness has been related to manufacturer performance positively.
Supplier innovativeness is beneficial to manufacturers The innovativeness ensures that the costs of production are cut, there is improved quality, delivery happens on time, a flexible system that assists in product in development.
Forcing innovation on firms may cause risks of losing control The supplier innovativeness faces hindrances inclusive of the customer power in the supply chain, business risks, geographical and cultural differences, coordination costs etc.

the forced innovation could result in the risk of losing control, critical knowledge, and capacity reduction.
Summary:
The article is about an investigation on the impact of supplier’s innovativeness on the supply chain collaboration and agility. Further, the article uses the way diffusion of the innovation model in explaining the innovativeness of suppliers into the diffusion of the supply chain and the moderation played by the relationship with the innovativeness of the suppliers, strategic sources, information sharing, and the agility of the supply chain. The article results emanate from the results of the executives in supply and purchase in the production and manufacturing market.
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