Purpose – The purpose of this paper is to propose a portfolio procurement framework to response to uncertain customer demand and purchasing price volatility in a simultaneous manner. Then it aims to obtain optimal procurement and production decisions under the portfolio framework to maximize...

Data flow analysis is used in a novel context for business process modelling. A framework is presented together with its enterprise modelling concepts and the associated modelling tools. The framework was specifically developed for small‐ to medium‐sized industries. The strengths and...