Research Scholar, MAKAUT, West BengalKolkata
Online published on 25 August, 2021.
Supply chain management becomes vulnerable during economic slowdown. All concepts relating to push and pull strategy become reclusions. The management of supply chain during “Recovery” period requires new innovative approaches to recover from economic slowdown and market uncertainties. A holistic methodology encompassing systems, contingency and driver approaches needs to be developed. Many researchers have suggested models that are deterministic in nature neglecting the uncertainties, or proposed stochastic models but less study is known to exists that enables simulating the decision-effect during market recovery. This paper proposes a System Dynamics Model for capturing the post-recession dynamics and its impact on supply chain performance.
Causal Model, Market-Recovery, Supply chain management, Simulation, System Dynamics