Supply Chain Strategy Mandatory Readings
Summary
Fall semester 2024/2025
Contents
Lecture 1: ................................................................................................................................................. 2
“Transaction cost economics as a theory of supply chain efficiency” ................................................. 2
Lecture 2: ................................................................................................................................................. 3
“Performance Trade-offs”.................................................................................................................... 3
“Aligning Supply Chain Strategies with Product Uncertainties” .......................................................... 4
Lecture 3 .................................................................................................................................................. 5
“Market Structures” ............................................................................................................................ 5
“Servitization Strategy” ....................................................................................................................... 6
“Services, industry evolution, and the competitive strategies of product firms” ............................... 7
Lecture 4: ................................................................................................................................................. 8
“Innovative online platforms” ............................................................................................................. 8
“Pipelines, platforms, and the new rules of strategy” ........................................................................ 9
Lecture 5: ............................................................................................................................................... 10
“Empirical Studies in Information Sharing” ....................................................................................... 10
“The bullwhip effect in supply chains” .............................................................................................. 11
Lecture 6: ............................................................................................................................................... 12
“Portfolios of Buyer-Supplier Relationships” ..................................................................................... 12
“A multi-theoretic perspective on trust and power in strategic supply chains”................................ 13
Lecture 9: ............................................................................................................................................... 14
“Supply Chain Risk Management Process”........................................................................................ 14
“Robust strategies for mitigating supply chain disruptions” ............................................................. 15
Lecture 11: ............................................................................................................................................. 16
“Understanding and resolving major contractual breaches in buyer–seller relationships”.............. 16
“How to mitigate product safety risks proactively”........................................................................... 17
, Lecture 1:
“Transaction cost economics as a theory of supply chain efficiency”
Ketokivi, M., & Mahoney, J. T. (2020). Transaction cost economics as a theory of supply chain
efficiency. Production and Operations Management, 29(4), 1011-1031.
https://doi.org/10.1111/poms.13148
Key Points:
• Introduction to Transaction Cost Economics (TCE): TCE is a widely referenced theory in
operations and supply chain management research. It focuses on the governance of
exchange relationships and economic organization.
• Misunderstandings of TCE: The authors highlight that TCE is often misunderstood and
misapplied by researchers. It is sometimes read as a theory of competence or power,
whereas its primary aim is efficient governance of transactions.
• Make-or-Buy Decision: A central topic of TCE is the make-or-buy decision, which aligns
with research questions on how firms manage supply chains. This decision is crucial for
determining whether a firm should produce a good internally or outsource it.
• Intellectual and Theoretical Foundations: The article reviews the intellectual and
theoretical foundations of TCE, emphasizing its relevance to supply chain efficiency. It
discusses the common ground between TCE and research in operations and supply
chain management.
• Implications for Future Research: The authors suggest that operations and supply chain
management researchers can contribute to broader academic conversations on
management and governance by applying TCE principles.
• Conclusion: The study concludes by discussing the applicability of TCE as a theory of
supply chain efficiency and its potential to inform future research in the field.
Examples and Support
• Example of Misapplication: The article provides examples of how TCE has been
misapplied in the past, such as interpreting it as a theory of competence rather than
governance.
• Support for Relevance: The authors cite various studies and examples to support the
relevance of TCE in supply chain management, such as its application in the make-or-
buy decision process.
Summary
Fall semester 2024/2025
Contents
Lecture 1: ................................................................................................................................................. 2
“Transaction cost economics as a theory of supply chain efficiency” ................................................. 2
Lecture 2: ................................................................................................................................................. 3
“Performance Trade-offs”.................................................................................................................... 3
“Aligning Supply Chain Strategies with Product Uncertainties” .......................................................... 4
Lecture 3 .................................................................................................................................................. 5
“Market Structures” ............................................................................................................................ 5
“Servitization Strategy” ....................................................................................................................... 6
“Services, industry evolution, and the competitive strategies of product firms” ............................... 7
Lecture 4: ................................................................................................................................................. 8
“Innovative online platforms” ............................................................................................................. 8
“Pipelines, platforms, and the new rules of strategy” ........................................................................ 9
Lecture 5: ............................................................................................................................................... 10
“Empirical Studies in Information Sharing” ....................................................................................... 10
“The bullwhip effect in supply chains” .............................................................................................. 11
Lecture 6: ............................................................................................................................................... 12
“Portfolios of Buyer-Supplier Relationships” ..................................................................................... 12
“A multi-theoretic perspective on trust and power in strategic supply chains”................................ 13
Lecture 9: ............................................................................................................................................... 14
“Supply Chain Risk Management Process”........................................................................................ 14
“Robust strategies for mitigating supply chain disruptions” ............................................................. 15
Lecture 11: ............................................................................................................................................. 16
“Understanding and resolving major contractual breaches in buyer–seller relationships”.............. 16
“How to mitigate product safety risks proactively”........................................................................... 17
, Lecture 1:
“Transaction cost economics as a theory of supply chain efficiency”
Ketokivi, M., & Mahoney, J. T. (2020). Transaction cost economics as a theory of supply chain
efficiency. Production and Operations Management, 29(4), 1011-1031.
https://doi.org/10.1111/poms.13148
Key Points:
• Introduction to Transaction Cost Economics (TCE): TCE is a widely referenced theory in
operations and supply chain management research. It focuses on the governance of
exchange relationships and economic organization.
• Misunderstandings of TCE: The authors highlight that TCE is often misunderstood and
misapplied by researchers. It is sometimes read as a theory of competence or power,
whereas its primary aim is efficient governance of transactions.
• Make-or-Buy Decision: A central topic of TCE is the make-or-buy decision, which aligns
with research questions on how firms manage supply chains. This decision is crucial for
determining whether a firm should produce a good internally or outsource it.
• Intellectual and Theoretical Foundations: The article reviews the intellectual and
theoretical foundations of TCE, emphasizing its relevance to supply chain efficiency. It
discusses the common ground between TCE and research in operations and supply
chain management.
• Implications for Future Research: The authors suggest that operations and supply chain
management researchers can contribute to broader academic conversations on
management and governance by applying TCE principles.
• Conclusion: The study concludes by discussing the applicability of TCE as a theory of
supply chain efficiency and its potential to inform future research in the field.
Examples and Support
• Example of Misapplication: The article provides examples of how TCE has been
misapplied in the past, such as interpreting it as a theory of competence rather than
governance.
• Support for Relevance: The authors cite various studies and examples to support the
relevance of TCE in supply chain management, such as its application in the make-or-
buy decision process.
