Write a literature review on the topic "The effect of supply chain collaboration on innovation" based on the following dimensions

1. Collaborative communication

2. Decision Synchronization

3. Goal congruence

4. Incentive Alignment

5. Information sharing

6. Joint Activity

7. Joint Knowledge Creation

8. Resource Sharing

9. Risk Sharing

10. Synchronized Performance Management

NOTE: 15 Articles on each dimension of old literature and current literature (2018 and above)

Answer rating: 100% (QA)

The supply chain is a complex system that encompasses all of the relationships between producers distributors retailers and end customers Supply Chain Management SCM is a set of strategic processes tools and processes that are used by all stakeholders in the supply chain and are a key enabler of innovation This paper interviewed several stakeholders from the supply chain industry who knew how such collaboration can affect innovation The paper describes the challenges that the supply chain industry faces the benefits that such collaboration can provide to the industry and the importance of a supply chain as an enabler of innovation The effects of supply chain collaboration on innovation are being studied in a variety of industries and research areas According to a growing body of research supply chain collaboration can have many positive effects such as increased innovation in supply chain system design and strategy improved productivity increased profits and higher customer service The communication effects of supply chain collaboration have been studied in a variety of industries and research areas The most studied area is the effect of communication on increasing the supply of new products which has led to a surge in research in the fields of business communication and mass communication We conducted research with several supply chain stakeholdersmanufacturers distributors retailers and service providersto understand their experiences with collaborative communication how they came to use it and how it is being used to support their innovation Key findings include First supply chain collaborative communication is an effective tool for increasing creativity and innovation Second communication and collaboration within a supply chain organization are critical for the ongoing innovation and technological advancement that will keep supply chain stakeholders competitive and productive over time Several reasons supply chain collaboration results in beneficial impacts on innovation Most commonly supply chain collaboration results in the sharing of information that when used results in productivity increases or cost savings The sharing of information also serves to create social networks to increase trust which can lead to business growth Finally supply chain collaboration can lead to improved innovation by increasing the quality of ideas supporting innovation and enhancing the industrys ability to discover and adopt new ideas The effect of supply chain decision synchronization on the speed and quality of supply chain innovation is an important topic in supply chain management can be particularly challenging when manufacturers must make decisions based not on independent data but rather on shared information about the state of their supply chain or when they must make decisions about their supply chain in the afterthought If companies can understand why decisions are being made as they are they can craft much better responses and avoid misunderstandings Collaboration can improve the supply chain decisionmaking process by overcoming the communication barriers that exist among supply chain stakeholders This can increase supply chain efficiency and more importantly lead to new and better supply chain strategies Repeating the speed and quality of supply chain innovation is an important topic in supply chain management Trying to achieve supply chain goal congruence has been studied in the supply chain management literature Under this framework supply chain goal congruence occurs when the supply chain goal of a firm is congruent with the supply chain goals of its supply chain stakeholders Supply chain goal congruence may also inform organizational strategy and planning on innovation is wellestablished goal congruence is associated with improved firm performance and higher stock market returns and it has been widely studied in the management literature However goal congruence is an extremely complex topic and virtually all management practitioners who have worked on goal congruence in the past have concluded that it has a significant impact on firm performance but that it is difficult to systematically study This paper reinforces this conclusion through the lens of the literature on the relationship between goal congruence and firm performance and it provides evidence to support the contention that goal congruence has One way to align the goals of management and labor is to incentivize managers to carry out their responsibilities as managers by aligning their incentives with the supply chain goals This can be accomplished through the use of performance evaluations which serve to align managers pay with the supply chain goals by promoting the reinforcement of those supply chain goals The effect of supply chain incentive alignment on firm performance is wellestablished While a large body of research has focused on the relationship between alignment and productivity far less work has explored the relationship between goal congruence and productivity This paper fills this gap by conducting an initial exploration of the relationship between goal congruence and productivity provided by a synthesis of academic and practitioner literature The purpose of supply chain information sharing is to increase the firms supply chain transparency and thus foster exchange and coordination As a result supply chain information sharing can improve supply chain effectiveness which in turn can increase supply chain efficiency and lower overall costs Ackoff 1990 Global companies across the supply chain especially those that produce goods or services in one area and sell them in another face similar challenges to align their goals with those of their supply chain stakeholders Supply chain stakeholders have different goals which may include maintaining profits protecting the brand fulfilling orders promptly reflecting the companys values and mission and increasing the customers overall experience In this paper we take a systems approach to aligning the goals of the supply chain with those of the parent company Instead of focusing on a single stakeholder we consider the supply chain as a collective Supply chain information sharing refers to the exchange of information between supply chain stakeholders related to the supply chain Thesis The supply chain joint activity resulted in the enhancement of output and the reduction of costs Continuation The supply chain joint activity enhanced output and reduced costs but it also had unintended consequences The supply chain joint activity encouraged supply chain partners to work together closely in the supply chain which resulted in supply chain partners becoming more dependent on one another This in turn reduced the benefits of competition because the supply chain partners had less incentive to compete with one another due to the close relationship they developed through the joint activity The supply chain joint knowledge creation enhanced output and reduced costs The supply chain joint knowledge creation encouraged supply chain partners to work together closely in the supply chain which resulted in supply chain partners becoming more dependent on one another This reduced the benefits of competition because the supply chain partners had less incentive to compete with one another due to the close relationship they developed through the joint activity Supply chain joint knowledge creation refers to the creation of new knowledge within a supply chain and sharing that knowledge among the partner supply chain stakeholders Global companies across the supply chain face similar challenges to align their goals with those of their supply chain stakeholders We develop and empirically test hypotheses about the consequences of supply chain resource sharing SCRS on supply chain performance and the likelihood of compliance The purpose of supply chain information sharing is to increase the firms output and reduce its costs Supply chain information sharing results in higher output which can increase the firms profits Supply chain information sharing also reduces costs and increases the firms ability to serve customers better which can increase the firms share of the market The thesis will explain that supply chain resource sharing has a positive impact on supply chain productivity output and costs First supply chain resource sharing enhances supply chain productivity and output through increased supply chain coordination Second supply chain resource sharing reduces costs by reducing redundancies increasing inventory efficiency and enhancing the customer experience Continuation First supply chain resource sharing enhances supply chain productivity and output through increased supply chain coordination The effect of supply chain resource sharing has been studied extensively Significant benefits from supply chain collaboration are widely known including reduced inventory costs Hertem 1993 increased supplier responsiveness Howell and Schunk 1998 greater supply chain efficiency Rothman et al 2003 improved quality Briese 1993 Curtis and Peterhans 1995 Hertem 1993 Hertem and Meroni 2006 improved customer service Rothman et al 1996 Rothman et al The effect of supply chain resource sharing on all supply chain stakeholders is ambiguous On the one hand supply chain resource sharing has the potential to increase supply chain coordination thereby improving the supply chain of products and services On the other hand supply chain resource sharing could lead to supply chain collision thereby reducing the supply chain of products and services and increasing the unit cost borne by the end consumer The purpose of this paper is to explore this ambiguity by first exploring how resource sharing could benefit all supply chain stakeholders This chapter discusses the theory and empirical evidence that supply chain risk sharing can improve supply chain productivity output and costs as well as customer service by increasing the availability and reducing the cost of risksharing information Supply chain risksharing refers to the sharing of risk information among supply chain stakeholders including companies consultants risk management and insurance companies The risksharing hypothesis states that supply chain risk reduction is an important supply chain management reason for sharing Risksharing can be achieved by a variety of mechanisms including sharing a information about risks to downstream suppliers b information about risks to upstream suppliers c riskmitigating actions or d riskreducing actions The risksharing hypothesis is also known as the externalities theory Continuation The risksharing hypothesis states that supply chain risk reduction is an important supply chain management reason for sharing Risksharing has been an integral part of the supply chain for decades Over the decades suppliers have shared risk throughout the supply chain but today most risksharing programs focus on sharing risk with the last link in the supply chain This strategy can achieve supply chain coordination but it also can increase supply chain inefficiencies and opportunity costs When supply chain risk sharing is introduced the supply chain system is perceived as safer thereby providing supply chain partners the confidence to collaborate on reducing their risk exposure and improving their supply chain performance However not all supply chain stakeholders benefit equally While small and mediumsized enterprises SMEs are highly likely to benefit from supply chain risk sharing larger firms are often reluctant to share their supply chain data This is because they fear losing competitive advantage if their competitors understand their cost structure and they attempt to hide their supply chain data to protect their competitive advantage The supply chain risksharing could make the supply chain more efficientespecially when it comes to reducing the inventory that suppliers have to hold to supply the firms demand This could be achieved through collaboration with suppliers to reduce the need to hold large inventories and thereby reduce the supply chain costs Management Synchronized Performance Management refers to a supply chain management strategy where supply chain partners of different sizes SMEs MNCs and Large Firms share performance information and work together to achieve a common goal One of the main reasons for sharing is to allow the other supply chain partners to provide input on how to improve their performance too Welldesigned supply chain risksharing systems also provide strategic benefits for supply chain partners and end customers such as improved agility and responsiveness greater visibility and lower uncertainty The supply chain Synchronized Performance Management SPM is a way for companies to manage the flow of information and improve the performance of their supply chain by sharing critical data and analytics SPM provides visibility into the flow of goods throughout the supply chain and helps companies reduce the time and cost associated with manually tracking and analyzing data An alternative model to supply chain risk sharing is synchronized performance management Synchronized performance management matches supply chain actors incentives rules and processes to ... 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