RESEARCH ON VALUE OF INFORMATION SHARING IN ONE SUPPLIER-MULTIPLE RETAILER SUPPLY CHAIN

Prior research has generally focused on models involving a single or multiple retailers with independent demands. The value of demand information sharing is analyzed in a two-level supply chain involving one supplier-multiple retailer model in which retailer demands may be correlated. Each member in the supply chain forecasts its demand using an AR (1) demand process. Two conditions of the information sharing are considered (1) Without the information sharing, the retailers only communicate their orders to the supplier. (2) With the information sharing, retailers communicate their orders and forecasting models to the supplier. Analyses showthat the reductions of supplier's average inventory and average costs are substantial with the information sharing. However, the retailers donot get direct benefit from the information sharing. The retailers may ask the supplier to reduce the replenishment leadtime, so that the retailers will obtain substantial cost savings and inventory reduction. Both partners may obtain benefits when information sharing and leadtime reduction are implemented together.

Supply chain coordination mechanisms under asymmetric information with retailer cost disruptions

A two-level supply chain model involving one supplier and one retailer with linear demand is developed, and supply chain coordination mechanisms under asymmetric information （the retailer＇ s cost structure is asymmetric information） are proposed by employing game theory in two scenarios： coordination mechanisms under asymmetric information in a regular scenario （without disruption）; and coordination mechanisms under asymmetric information in an irregular scenario （ with retailer cost disruptions）. It is optimal for the supply chain to maintain the original production plan and to guarantee a steadily running system if variations of retailer costs are sufficiently low and do not exceed an upper bound. This shows that the original production plan has certain robustness under disruptions. Decisions must be re-made if a retailer＇ s cost change is greater and exceeds an upper bound. Impacts of retailer cost disruptions on the order quantity, the retail price, the wholesale price and each party＇ s as well as the system＇ s expected profits are investigated through numerical analyses.

Coordinating pricing strategies in supply chain under asymmetric information and disruptions

The coordinating pricing strategies with asymmetric cost information under disruptions are investigated in a one-supplier-one-retailer supply chain system.While the retailer's cost structure is asymmetric information,supply chain pricing contract models(a wholesale price contract and an all-unit quantity discount contract)under asymmetric information are proposed by employing the principal-agent principle in a regular scenario.When the retailer's cost distribution is fluctuated by disruptions,we obtain the optimal emergency strategies of the supply chain under asymmetric information by considering deviation costs and show how to effectively handle the cost uncertainty.Using numerical methods,impacts of cost disruptions on the optimal wholesale price,the retailer price,the order quantity and the expected profits of the retailer,the supplier,as well as the total system are analyzed.It is found that the all-unit quantity discount policy can obtain better performance than the wholesale pricing policy.

The Operation Mechanism of Agricultural Products Supply Chain and Profit Allocation Model in the Context of Asymmetric Information

The research performed analysis on causes of asymmetric information of agricultural product supply chain and made conclusion on operation mechanism and characteristics of supply chain based on asymmetric information. Finally, the research detailed profit sharing of agricultural product supply chain in the context of asymmetric information and proposed suggestions, providing references of pricing and profit sharing of supply chains of agricultural products.

OPTIMAL CONTRACTS IN TWO-ECHELON SUPPLY CHAIN UNDER ASYMMETRIC INFORMATION AND NONLINEAR DEMAND

The challenge for supply chain management is to create appropriate supply chain contracts so as to optimize the system performance. To examine the role of asymmetric information in a two-echelon supply chain system and derive supply chain contracts to deal with existing asymmetric information, a two level supply chain model including one Supplier and one retailer under the demand of price elasticity is developed. By using the principalagent principle and the optimal control theory, three types of supply chain contract, i. e. , a wholesale pricing contract, a two-parameter linear and a two-parameter nonlinear contracts are obtained. In these contracts, the Supplier has asymmetric information about the retailer cost structure. Simulation results show that the two-parameter contracts are more effective strategies to achieve supply chain coordination.

Improving Supply Chain Strategies towards Mitigating the Effect of Crude Oil Theft and Pipeline Vandalism in the Nigerian Oil and Gas Industry: A Case Study of the Nigerian National Petroleum Corporation (NNPC)

Generically, SCM may be said to include all activities carried out to ensure proper functioning of the supply chain. The activities included in proper management of a supply chain broadly include logistics activities, planning and control of the flow of information and materials in a firm, management of relationships with other organizations and government intervention, However, crude oil theft and pipeline vandalism are established products supply chain disruptors in Nigeria which are rendering the task of running an efficient petroleum supply chain onerous. This paper aims to establish the importance of effective supply chain strategies for companies in the oil and gas industry with special focus on the Nigerian oil and gas sector and the strategies by which the state oil and gas corporation in this sector may mitigate disruptions to its supply chain. This study investigates the enhancement of supply chain strategies towards meeting the challenge of crude oil theft and pipeline vandalism, using the Nigerian National Corporation (NNPC) as a case study. Based on this study, data were collected from two sources: A summary of incident reports obtained from NNPC and an interview with personnel in the PPMC Department. Incident report refers to a report produced when accidents such as equipment failure, injury, loss of life, or fire occur at the work site. Content analysis is utilized to evaluate data obtained from interview responses, CBN financial stability reports, NDIC annual reports, circulars, banking supervision reports and implementation guidelines. The study found out that NNPC should endeavor to sustain its value chain and ward of pipeline vandals and crude oil thieves by engaging in community partnership, detailing security outfits to ensure its pipelines’ right of way and bridging. Concluded that the oil supply chain of the Nigerian National Petroleum Corporation has been plagued by disruptions in the form of crude oil theft and pipeline vandalism which has had debilitating effects on its value.

Analysis of Information Sharing Mechanism in the Food Industry Green Supply Chain Management and Operation Process

In order to effectively address the issues of environmental pollution and food safety in food industry,the green supply chain management should be used in the food industry.However,information sharing is the basis of supply chain management.For this purpose,on the basis of describing the connotation of food industry green supply chain management,the paper introduces the contents and the effects of information sharing mode in detail.It focuses on the barriers of the implementation of information-sharing mechanisms in the food industry green supply chain management and operation process and analyzes the necessity of using information sharing mechanism among the members of the food industry green supply chain management mode by game theory,so as to strengthen the competitiveness of enterprises through supply chain management.

A blockchain and IoT-based lightweight framework for enabling information transparency in supply chain finance

Supply Chain Finance(SCF)refers to the financial service in which banks rely on core enterprises to manage the capital flow and logistics of upstream and downstream enterprises.SCF adopts a self-testing and closed-loop credit model to control funds and risks.The key factor in a successful SCF service is the deployment of SCF businessoriented information systems that allow businesses to form partnerships efficiently and expedite cash flows throughout the supply chain.Blockchain Technology(BCT),featuring decentralization,tamper-proofing,traceability,which is usually paired with the Internet of Things(IoT)in real-world contexts,has been widely adopted in the field of finance and is perfectly positioned to facilitate innovative collaborations among participants in supply chain networks.In this paper,we propose a BCT and IoT-based information management framework(named BC4Regu),which works as the regulatory to improve the information transparency in the business process of SCF.With BC4Regu,the operation cost of the whole supply chain can be significantly reduced through the coordination and integration of capital flow,information flow,logistics and trade flow in the supply chain.The contributions in this paper include:(1)proposing a novel information management framework which leverages Blockchain and IoT to solve the problem of information asymmetry in the trade of SCF;(2)proposing the technical design of BC4Regu,including the Blockchain infrastructure,distributed ledger-based integrated data flow service,and reshaped SCF process;and(3)applying BC4Regu to a group of scenarios and conducting theoretical analysis by introducing the principal-agent model to validate the BC4Regu.

Supply Chain Commitment Contract Model Based on Uncertainty Theory under Uncertain Market Information

Based on the uncertainty theory, market demand information updating as the background, we study the coordination and optimization problem of three-stage supply chain in this paper. In half a asymmetric market information, participants are risk neutral;under the situation of the manufacturers and wholesalers having twice pre-season decision-making opportunity, wholesalers can be replenished in the season;manufacturers join the lowest supply contract of commitment: manufacturers for exchanging the information that they cannot get directly from the market will promise wholesalers to have a season lowest supply in pre-season. According to this contract, we establish optimization models of manufacturers and wholesalers respectively, and get the optimal strategy of supply chain members by analyzing the supply chain system. Finally, by giving a numerical example and comparing the results with that under random circumstances, the result is reasonable.

Construction of Network Management Information System of Agricultural Products Supply Chain Based on 3PLs

The necessity to construct the network management information system of 3PLs agricultural supply chain is analyzed,showing that 3PLs can improve the overall competitive advantage of agricultural supply chain.3PLs changes the homogeneity management into specialized management of logistics service and achieves the alliance of the subjects at different nodes of agricultural products supply chain.Network management information system structure of agricultural products supply chain based on 3PLs is constructed,including the four layers (the network communication layer,the hardware and software environment layer,the database layer,and the application layer) and 7 function modules (centralized control,transportation process management,material and vehicle scheduling,customer relationship,storage management,customer inquiry,and financial management).Framework for the network management information system of agricultural products supply chain based on 3PLs is put forward.The management of 3PLs mainly includes purchasing management,supplier relationship management,planning management,customer relationship management,storage management and distribution management.Thus,a management system of internal and external integrated agricultural enterprises is obtained.The network management information system of agricultural products supply chain based on 3PLs has realized the effective sharing of enterprise information of agricultural products supply chain at different nodes,establishing a long-term partnership revolving around the 3PLs core enterprise,as well as a supply chain with stable relationship based on the supply chain network system,so as to improve the circulation efficiency of agricultural products,and to explore the sales market for agricultural products.

Quantity discount contracts for supply chain coordination under asymmetric information and disruptions

The quantity discount contracts are investigated for a one-supplier-one-retailer supply chain with asymmetric information when the retailer's cost is disrupted. While the retailer's cost structure is asymmetric information, two all-unit quantity discount contract models, fixed expected-profit percentage discount(FEPD) and fixed wholesale-pricing percentage discount(FWPD) under asymmetric information are proposed in a regular scenario. When the retailer's cost distribution fluctuates due to disruptions, the optimal emergency strategies of supply chains are obtained under asymmetric information. Using numerical methods, the impact of cost disruptions on decisions about the regular wholesale price, discount wholesale price, order quantity and expected profits of the retailer, the supplier as well as the total system are analyzed. It is found that the FEPD policy is more robust and adaptable than the FWPD policy in disruption circumstances.

Cooperative Mechanism of Supply Chain Under Asymmetric Information

The cooperative mechanism is one main issue in the decentralized supply chain system, especially in an asymmetric information structure. We analyze the non-cooperative game behavior of a 2-echelon distribution supply chain, compare the results with the system optimal solution, and give the supplier dominated cooperative mechanisms. We also analyze the validity of our contract under the asymmetric retailers' holding cost information and give some useful conclusions.

Quantity Discount Scheme in Supply Chain under Asymmetric Information

Quantity discount scheme plays an important role in supply chain management. The different quantity discount schemes under symmetric （full） information and asymmetric information, are analyzed by using principal-agent and optimal control theory. As a result, the research reveals that the optimal quantity discount solution under symmetric information is a special case of that under asymmetric information. At the same price, the critical value of quantity discount under asymmetric information is much lower than that under asymmetric information. Therefore, this leads to less cost for retailers and smaller profit for their supplier.

Supply Chain Integration, a Chain of Efficient Utilization of Information Technology: Its Benefits &Challenges

Business renovation, effective utilization of information technology and the role of business process modeling are dealt in supply chain integration projects. The main idea is to show how the performance of supply chain can be improved with the integration of various tiers in the chain. Integration is preconditioned for efficient sharing and utilization of information between diverse companies in the chain.

Measuring the Impact of Information Technology （IT） on Supply Chain Management （SCM） Through Indicators： An Exploratory Study

Enterprises are looking to adapt to this scenario focusing on performance, seeking to improve the level of service and reduce costs in an attempt to differentiate and increase the perceived value of their customers. A strong partner to achieve these goals is the information technology （IT）. IT has an important role in the performance of companies, providing a flow of information that makes the supply chain more robust and resilient, without compromising efficiency. To achieve the objective of this research, a survey of the literature on the four models was studied and then a field research with professionals was conducted in the areas of IT and supply chain management （SCM） of various companies of Sao Paulo. To collect the data needed for analysis, we used the exploratory research of a qualitative nature. Thus, we conclude that the use of IT impacts supply chain in five surveyed areas as planning, manufacturing, suppliers, customers, and delivery but does not impact the return area.

International Supply Chain Management （ISCM）： An Emergent Perspective on Internationalization Driven by Information and Communications Technology （ICT）

The focus of the article is on the contribution of the perspective of supply chain management （SCM） to the explanation of internationalization processes. The empirical study is based on case studies of 20 small- and medium-sized enterprises （SMEs） with international activities from China, India, New Zealand, and Singapore. All chosen firms were founded after 1980 in order to capture retrospectively the whole globalization process of each firm. All sample firms operate their supply chains （SCs） on the basis of information and communications technology （ICT）. Depending on size, strategy, business model, industry, and mindset of the managers, firms use ICT on a range from integrating individual functional areas to integrating the whole SC through enterprise resource planning （ERP） and customer relationship management （CRM） systems.

Analysis on the Effect of Asymmetric Information on Product Supply Chain and Pricing

Along with the vigorous development of the markel economy, the transactions in the market are also increasingly frequent. In all kinds of market transactions, there are more or less inIbrmation asynunetry phenomena. Asynmaetric information makes supply chain unable to give a real reaction to the relationship between market supply and demand, and the personnel in the channels of supply chain are unable to make the optimal pricing, so that the overall profits are affected. Therefore, asymmetric information should be controlled within the normal range, for the purpose of ensuring the normal operation and healthy development of the market transactions.

The Study on the Sharing Information in Supply Chains

In this paper, we discuss the relationship between the sharing of information of supply chains and the supply chain management; we also discuss the function of information share, and the obstacles in sharing information. As we all know, information share between enterprises in supply chains is necessary and possible, but the existence of obstacles of sharing information in supply chains is also a severe challenge in practice. This paper tries to find right ways for enterprises to build the real trade partners＇ relationship and realize transferring the information smoothly in all these three levels among the partners in supply chains.

Coordination Model of Consumer Information Sharing in the Online Tourism Supply Chain

This is a study of the coordination model of consumer information sharing in the tourism supply chain with e-commerce platforms as the core.On the basis of considering the risks,a game theory is used to explore the information sharing effort level and the output profit of the tourism supply chain under both,centralized decision-making and decentralized decision-making.Finally,numerical simulation is used to verify the model and put forward a method of coordination for all parties in the tourism supply chain to achieve maximum profit.

Study on blockchain technology from an information system perspective

Blockchain,as a decentralized platform and distributed ledger technology,will complement and promote the existing centralized system to form a relatively comprehensive ecosystem.A systematic review of blockchain research on information system(IS)disciplines during the five years from 2016 to 2020 selected dozens of papers from 16 leading IS journals.The technological characteristics and implementation models of blockchain are introduced,highlighting and discussing its research status and development in context.Moreover,the future research directions for blockchain in IS are illustrated.It aims to discuss the decentralized and emerging technology of blockchain in its early development stage and to depict the relevant IS issues that are worthy of further investigation.