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IMPROVING VERTICAL COORDINATION OF AGRICULTURAL INDUSTRIES THROUGH SUPPLY CHAIN MANAGEMENT

Donald J. Ricks, Timothy Woods () and James A. Sterns

No 11513, Staff Paper Series from Michigan State University, Department of Agricultural, Food, and Resource Economics

Abstract: Supply chain management is an important topic related to improving efficiency, vertical coordination, overall performance and competitiveness in food industries. Considerable attention has been given to supply chain management as an approach for improving vertical coordination and market performance in both the trade literature and by food economists. Much of this has been primarily from the perspective of grocery retailer-wholesalers, food manufacturers and their suppliers. Supply chain management is also very relevant, with substantial opportunities for improved efficiency and performance, if the perspective is from an agricultural commodity industry. The goal for a commodity industry in this regard is to find ways to enhance their responsiveness to their customers, and ultimately their competitiveness. This can be accomplished when two or more vertical segments together pursue innovative approaches to doing business with emphasis on the vertical linkages that mutually benefit all parties.

Keywords: Industrial; Organization (search for similar items in EconPapers)
Pages: 22
Date: 1999
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:midasp:11513

DOI: 10.22004/ag.econ.11513

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