Abstract
In today's globalization business world, the contemporary organizations are flourishing to apply the innovative as well as modern business techniques in order to enhance their supply chain management practices. Moreover, the organizations give ample importance while developing their business strategies to use backward integration strategies along with their other main strategies. There are many emerging technologies available as an option for the organization now days; however, for the purpose of this paper Information Technology (IT) use along with the financial management of supply chain is discussed as a general. It is believed that, effective use of IT might facilitate both the efficiency and transparency of communication amongst the different nodes of supply chain; furthermore, it will enable the organizations to save their costs and effectively manage the finances. This paper builds a conceptual model of IT use, information sharing, and supply chain practices (SCPs) and how the impact on SCPs might affect the level of competitive advantage. Specifically, this paper hypothesized the impact of IT use and information sharing on supply chain management success related to the level of competitive advantage. Furthermore, the paper also hypothesized on the basis of resource-based view of the firm, the effective use of IT and the active information sharing might enhance the supply chain performance and might increase the level of competitive advantages for the organizations.
Highlights
In this knowledge society, where the innovations are occurring at rapid pace and there organizations are restructuring themselves in order to compete in the business world
The relationships within supply chain partnerships as they relate to Information Technology (IT) Use, Information Sharing, Supply Chain Practices (SCP), with specific reflection on the link between Competitive Advantage and Supply Chain Practices can be examined by using quantitative research methodology
The expected results from this research will greatly enhance the understanding of the effective use of IT, the impact on the supply chain practices, as well as linking effective IT use to competitive Advantage
Summary
In this knowledge society, where the innovations are occurring at rapid pace and there organizations are restructuring themselves in order to compete in the business world. The use of any emerging technology is directly linked to cost reduction which will lead towards enhancing the competitive advantage of the firm (Hong, K.K. and Kim, Y.G., 2002). IT use directly reflects the potential for absorptive capacity within a firm, and the organization’s ability to assimilate it, along with movement of knowledge both within the organization, as well as outside the firm, such as suppliers in the supply chain. Flexibility improvement can be significant with information sharing because this feature both enhances customer service and makes the supply chain partners more responsive. Based on these arguments, the research paper conceptually examines the developments in supply chain practices by effective IT use and its impact on financial benefits for the firm, which will lead to gain the competitive advantage
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