From panic to dispassionate rationality - Organizational responses in procurement after the initial COVID-19 pandemic peak
| Autor: | Patrick Schroeder, Joerg S Hofstetter, Paul Dewick |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
supply chain management
Supply chain management HF Status quo Strategy and Management media_common.quotation_subject Supply chain HB COVID-19 Rationality decision-making Crisis management HG Surprise Procurement Market economy Multinational corporation Management of Technology and Innovation procurement Business crisis management Electrical and Electronic Engineering globalization media_common |
| Zdroj: | Dewick, P, Hofstetter, J & Schroeder, P 2021, ' From Panic to Dispassionate Rationality? Organizational Responses in Procurement After the Initial COVID-19 Pandemic Peak ', IEEE Engineering Management Review, vol. 49, no. 2, 9436013, pp. 45-56 . https://doi.org/10.1109/EMR.2021.3079630 |
| ISSN: | 0360-8581 |
| Popis: | Lockdowns and social distancing from the COVID-19 crisis took many by surprise. Panic grew about the implications. Supply chains became center stage. We consider decision-making in large multinational companies and whether COVID-19 responses focused on crisis management or a strategic, rational decision-making approach. Chief procurement officers from 22 multinational companies responsible for supply, production, or distribution in front-line industrial sectors affected by COVID-19 informed this article. We propose a reconceptualization of supply chain management with a framework of crisis severity and progression. The framework helps decision-makers balance conservative status quo responses with innovative responses that may be game changers. |
| Databáze: | OpenAIRE |
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