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Summary Supply Chain Networks

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A snapshot of the summary - Supply chain networks

  • 1 New institutional Economics and transparency in Supply chain networks

  • 1.1 Transaction Costs

    This is a preview. There are 3 more flashcards available for chapter 1.1

  • All sacrifices and disadvantages  that the exchange partners have to bear in order to realise the exchange of goods and services
    Transaction costs
  • Types of transaction cost
    1. Initiation cost
    2. agreement cost
    3. processing cost
    4. control cost
    5. adjustment cost
  • New forms of crop livestok integration:
    1. On-farm integration
    2. beyond the farm level
  • 1.1.2 characteristics of the institutional arrangement

    This is a preview. There are 1 more flashcards available for chapter 1.1.2

  • Relational contractual relationships
  • Combination of market and hierarchichal elements
  • Characteristics of the institutional arangements:
    1. Incentive intensity 
    2. extent of administrative controls 
    3. adaptation 
    4. costs of establishing and using the institutional arrangement 
  • To what extent are the individuals motivated to reduce cost and adapt to changed framework conditions?
    Incentive intensity
  • To what extent can formal restrictions on individual behaviour be used to avoid transaction costs?
    Extent of administrative controls
  • To what extent can the transaction partners react to environmental changes independently of one another?
    Autonomous adaptation
  • To what extent can the transaction partners adapt to environmental changes in a coordinated manner?
    Cooperative adaptation

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