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Procurement and marketing are the main boundary-spanning functions of an organization. Some studies highlight that procurement is less likely to benefit from artificial intelligence emphasizing its potential in other functions, i.e., in marketing. A case study in the automotive industry of the...
Persistent link: https://www.econbiz.de/10014240542
Artificial intelligence is a key technology for procurement and its usage is still in its infancy.This work builds upon literature reviews on big data analytics in supply chain management(Min, 2010, Waller and Fawcett, 2013, Souza, 2014, Gunasekaran et al., 2017, Nguyen et al.,2017) focusing on...
Persistent link: https://www.econbiz.de/10014240544
Persistent link: https://www.econbiz.de/10015062745
Purpose: Sales and procurement are the main boundary spanning functions of an organization - each with a specific focus and partly different views and objectives. They are often considered as two sides of a coin that struggle with one another for relative competitive advantage. The...
Persistent link: https://www.econbiz.de/10012815330
Purpose: Sales and procurement are the main boundary spanning functions of an organization - each with a specific focus and partly different views and objectives. They are often considered as two sides of a coin that struggle with one another for relative competitive advantage. The...
Persistent link: https://www.econbiz.de/10012744717
Persistent link: https://www.econbiz.de/10012139899
Retailers that offer perishable items are required to make ordering decisions for hundreds of products on a daily basis. This task is non-trivial because the risk of ordering too much or too little is associated with overstocking costs and unsatisfied customers. The well-known newsvendor model...
Persistent link: https://www.econbiz.de/10014117595
Most retailers that sell perishable goods offer multiple products in a product category (e.g., fresh food or fashion). Managing the inventories of these products is especially challenging due to frequent stock-outs and resulting substitution effects within the category. Furthermore, the true...
Persistent link: https://www.econbiz.de/10014096087
Financial disclosures such as earnings calls help investors allocate their resources efficiently by providing them with essential information about the underlying assets. Especially in forward-looking statements, such disclosures may contain large shares of uncertain words, for example, "we...
Persistent link: https://www.econbiz.de/10013307955
Responsiveness is considered a “basis of competition” attribute of supply chain performance (APICS 2016). Nonetheless, there remains ambiguity under which conditions a supply chain that is fast enough to fulfill customers' lead time requirements constitutes competitive advantage. We examine...
Persistent link: https://www.econbiz.de/10012954330