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Essay / Uncoordinated Supply Chain - 1382
In recent years, supply chain and social media analytics have been treated as two independent fields within different organizations. Supply chain refers to collaborative decision making between vertical and horizontal stakeholders for subsequent value addition of products. The study on supply and value chains suggests the need for effective information exchange and resource allocation between different levels of the network. On the other hand, the analysis of social networks gives the possible connections, physical and virtual, between the different organizations involved in the chain. It is based on the identification of network structure constraints specific to companies in a specific sector. Network analysis in the supply chain focuses on the need for different levels of social relationships between suppliers, manufacturers, warehouses, distributors and retail outlets. Croom et al., 2000[1], highlight the importance of relationships in a supply chain network to achieve efficient flow of information and resources. A supply chain lacks coordination if each step only optimizes its local objective, without considering the impact on the whole. chain. The total supply chain benefits in an uncoordinated chain are therefore lower than what could be achieved through coordination. The development of strong social connectivity and trust among members benefits the supply chain in terms of reducing uncertainty (Baker and Faulkner, 2004[2]). Social media helps coordinate different levels of the supply chain and share resources. This leads to reduction in inventory cost, manufacturing costs, number of backorders, delivery times, labor costs for shipping and receiving and increases the level of product availability. Dyer, 2000[3] demonstrated that a higher level of social...... middle of article ......with experimentation of the results and sensitivity analysis on the cost function total. We conclude the paper with Section 6 where we summarize our findings and suggest the future scope of research in this area. 2) MODELING A MULTI-PERIOD SUPPLY CHAIN NETWORK In this section, we develop a multi-period supply chain network. multi-period supply at N levels and well connected. we consider a planning horizon of T periods (1,….t,….T). The model consists of the number of retailers,... …, n(N-1) suppliers of retailers, n(N-2) suppliers of suppliers and so on up to n1 number of main suppliers (top tier suppliers ). A typical primary supplier is denoted by i, a typical second-tier supplier is denoted by j, and so on until a typical N-tier retailer is denoted by l. The arrows represent the flow of materials from one level to another. The link from one period to another represents the level of socialization.