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.
Cecil
3 months agoJani
3 months agoShawna
3 months agoTatum
4 months agoJacquelyne
4 months agoGracia
4 months agoSonia
4 months agoBeula
4 months agoJosue
5 months agoBlondell
5 months agoCatina
5 months agoAlayna
5 months agoFrederica
5 months agoJutta
5 months agoRessie
5 months agoCorinne
5 months agoPansy
5 months agoGerald
5 months agoBobbie
2 years agoGalen
2 years agoTy
1 year agoWynell
1 year agoIsadora
2 years agoInocencia
2 years agoFrancoise
2 years agoVicky
1 year agoCaren
1 year agoNu
2 years agoChi
2 years agoCorrina
2 years agoBecky
2 years agoWilda
2 years agoHyun
2 years agoPamela
2 years agoLynette
2 years agoTracie
2 years agoJennifer
2 years agoDominque
2 years agoAretha
2 years agoTheola
2 years agoChuck
2 years ago