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Implementing Value-Transparency in supply relations

Implementing Value-Transparency in supply relations
Implementing Value-Transparency in supply relations
Purpose - To explore and identify the strategic approaches firms may follow in their pursuit of value transparency (VT) in inter-organisational relations in supply networks.
Design/methodology/approach - Through the use of game theory an understanding of the difficulties of co-operation and information transfer is developed. Game theory and marginal analysis facilitate an advanced application of VT.
Findings - While the article acknowledges the limitations of prescriptive precision in strategy matters, it is not proposed that firms would follow any single part of the outlined strategies. However, through rational analysis of the strategic options presented it may be possible to foresee potential negative outcomes, and through structuring undesirable scenarios managers may be able to reduce the risk of their occurrence.
Practical implications - A model is proposed that aids firms in the selection of supply partners for VT and VT modes. Recognising that certain conditions will be more likely to support a more rapid and extensive adoption of VT, the paper identifies the role that aspects of organisations' economic environments may play.
Originality/value - The article acknowledges the limitations of modelling and game theory-based approaches but suggests that through considering the interests and benefits of the other party, practical insights may be developed and the likely outcomes of various scenarios considered.
supply, game theory, strategic management
0025-1747
810-820
Lamming, Richard
3e84a762-7186-45f4-83ee-a41c4cb0e5ad
Zhang, Jian
a63c1b0a-6207-4dea-b5a2-bdbcd5c2024f
Caldwell, Nigel
de72ba40-fd3b-41c0-9e19-9b1875701681
Phillips, Wendy
b06ee55b-5765-4ff4-a302-8af8187ae3af
Lamming, Richard
3e84a762-7186-45f4-83ee-a41c4cb0e5ad
Zhang, Jian
a63c1b0a-6207-4dea-b5a2-bdbcd5c2024f
Caldwell, Nigel
de72ba40-fd3b-41c0-9e19-9b1875701681
Phillips, Wendy
b06ee55b-5765-4ff4-a302-8af8187ae3af

Lamming, Richard, Zhang, Jian, Caldwell, Nigel and Phillips, Wendy (2005) Implementing Value-Transparency in supply relations. Management Decision, 43 (6), 810-820. (doi:10.1108/00251740510603574).

Record type: Article

Abstract

Purpose - To explore and identify the strategic approaches firms may follow in their pursuit of value transparency (VT) in inter-organisational relations in supply networks.
Design/methodology/approach - Through the use of game theory an understanding of the difficulties of co-operation and information transfer is developed. Game theory and marginal analysis facilitate an advanced application of VT.
Findings - While the article acknowledges the limitations of prescriptive precision in strategy matters, it is not proposed that firms would follow any single part of the outlined strategies. However, through rational analysis of the strategic options presented it may be possible to foresee potential negative outcomes, and through structuring undesirable scenarios managers may be able to reduce the risk of their occurrence.
Practical implications - A model is proposed that aids firms in the selection of supply partners for VT and VT modes. Recognising that certain conditions will be more likely to support a more rapid and extensive adoption of VT, the paper identifies the role that aspects of organisations' economic environments may play.
Originality/value - The article acknowledges the limitations of modelling and game theory-based approaches but suggests that through considering the interests and benefits of the other party, practical insights may be developed and the likely outcomes of various scenarios considered.

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More information

Published date: 2005
Additional Information: Lamming, R.C., Zhang, J., Caldwell, N.D. and Phillips, W.E.- Editor -->
Keywords: supply, game theory, strategic management

Identifiers

Local EPrints ID: 36494
URI: http://eprints.soton.ac.uk/id/eprint/36494
ISSN: 0025-1747
PURE UUID: aa5e3bb5-879a-4c78-836e-a412b42ef4f5

Catalogue record

Date deposited: 22 May 2006
Last modified: 15 Jul 2019 19:04

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Contributors

Author: Richard Lamming
Author: Jian Zhang
Author: Nigel Caldwell
Author: Wendy Phillips

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