The development of the supply chain
is highly dependent on effective coordination strategies. One of the important ways
for supply chain flexibility is to consider multiple methods of solving the
problems. Consequently, the outcomes can be adjusted for the relevant solutions
and to restrict the available solutions. The adaptive strategy of supply chain
members is not only restricted to achieve a goal, but flexible arrangements are
related to consider multiple goals and activities at the same time. Here the
question arises about the flexibility and coordination mechanisms for the
improved supply chains. There are some uncertainties in demand and supply chain
process; therefore, it is important to bridge the gap by having an analysis of
industrial practitioners in Hong Kong about the adaptability and flexibility of
supply chains. There are some quantitative aspects of the flexibility in
delivery quantity and inventory replenishment policy (Chavez, et al., 2014). In the supply
chain, the flexibility in the delivery quantity is defined as quantity
flexibility. Such kind of flexibility depends on the mutual agreement of
customer and supplier and a wide range of customers are agree upon this
process. The flexibility in quantity and delivery date could induce a negative
impact on the allowable delivery process and supply chain management. Under
certain conditions, flexibility in the due date and the delivery quantity provides
more benefits to the customers and suppliers in terms of fill rate, cost,
supply conditions, and demand process. In some condition, if the suppliers
agree on the flexible approach, then the supply chain can become beneficial.
Regarding the flexibility in terms of delivery quantity and due date of
delivery, the business practitioner considered it as an actual process to
reduce the cost of items. The flexibility in the supply chain should be under
the allowable ranges with the coordination mechanism. In some companies,
certain percentage conditions are considered to measure the performance. The
range of flexible coordination mechanism could be different in certain
situations. The main implementation is under allowable ranges and flexible
approaches. On top of other approaches, the flexible inventory replenishment
approach is highly used in many organizations. Besides the benefits, there are
some trust barriers for the implementation of information and sharing system.
The improvement of information sharing can be compensated in these scenarios (Chavez, et al., 2014). On the basis of analysis, it can be concluded
that the flexibility in the supply chain could get additional benefits under
lower and upper bound conditions, and it can be used to produce benefits. In
case, if the supplier suffers a lot, then flexibility is not possible and not
allowed as well. Both flexibility and adaptability could lead to satisfactory
outcomes in the companies. Increase of dynamically changing the business
environment the effective supply chain management is a pivotal issue. By
exploiting flexibility in the structure of the supply chain, the companies can
achieve improved performance. The flexibility in employee decision and dynamic
control can improve supply chain nodes in many possible ways. The flexibility
in supply chain significant and potential impact on the progress of the company
and industry implications (Paulraj, et al., 2017). The observations in
previous research suggest that managers and designer should be flexible in the
supply chain system. They should be highly flexible for the significant
improvement in the business and reduction of cost. The dynamic supply chain
modelling identifies the impact of flexibility on the enormous potential and
challenging conditions of the company. The previous research analysis based on
the supply chain flexibility revealed that unpredictable dynamics of supply
chain flexibility in the supply chain could arise through several external and
internal sources such as operating systems, competitions, customers, and
suppliers (Johnsen, et al., 2014).
References of The
flexibility of Supply Chain in Hong Kong
Chan, A. T., Ngai, E. W. & Moon, K. K., 2016.
The Effects of Strategic and Manufacturing Flexibilities and Supply Chain
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Chavez, R.,
Yu, W., Feng, M. & Wiengarten, F., 2014. The Effect of Customer-Centric
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Gunasekaran,
A. et al., 2016. Big Data and Predictive Analytics for Supply Chain and
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Ha, A. Y.
& Tang, C. S. eds., 2016. Handbook of Information Exchange in Supply
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Johnsen, T.
E., Howard, M. & Miemczyk, J., 2014. Purchasing and Supply Chain Management:
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Paulraj, A.,
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Ross, D. F.,
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