Value of Information Sharing and Comparison with Delayed Differentiation
The industrial supplier-customer relations have undergone radical changes in recent years as the philosophy behind managing manufacturing systems continues to be influenced by several Japanese manufacturing practices. As more organizations realize that successful in-house implementation of Just-In-Time alone will have limited effect, they are seeking other members of their supply chain to change their operations. This has resulted in a certain level of co-operation, mainly in the areas of supply contracts and information sharing, that was lacking before. This is especially true when dealing with customized products, and is most commonly seen between suppliers and their larger customers.
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