The practice of supply chain members acting in close collaboration while retaining independent ownership is known as:
The practice of supply chain members acting in close collaboration while retaining independent ownership is known as virtual integration. This term was introduced by Michael Dell in the 1990s to describe processes resulting from combining traditional supply chain vertical integration with the characteristics of the virtual organization1. Virtual integration allows supply chain partners to share information, coordinate activities, and leverage each other's capabilities, without having to merge or acquire each other. This can lead to improved efficiency, responsiveness, and innovation in the supply chain23. Vertical integration, on the other hand, is a business strategy where the business itself controls the supply chain and multiple stages of its production process, thus eliminating or reducing third-party vendor dependencies4. Forward integration and horizontal integration are types of vertical integration, where the business expands its control over the downstream or the same level of the supply chain, respectively4.
Norah
8 days agoSuzi
11 days agoNarcisa
24 hours agoBea
2 days agoCoral
16 days agoSabra
8 days agoTresa
12 days agoNieves
28 days agoLeonora
30 days agoSalena
13 days agoRenea
14 days agoTomas
22 days agoMiles
27 days agoNan
1 months agoFlo
1 months agoLisha
2 months ago