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Defining and Aligning Supply Chain Objectives Before, During, and After the COVID-19 Pandemic

In order to deal with the COVID-19 pandemic, many companies face numerous strategic decisions of utmost importance for their future. Being aware of one`s objectives is a prerequisite for sound decision making. However, decision and policy makers are often not aware of their objectives when facing im...

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Detalles Bibliográficos
Formato: Online Artículo Texto
Lenguaje:English
Publicado: IEEE 2020
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8982226/
http://dx.doi.org/10.1109/EMR.2020.3032369
Descripción
Sumario:In order to deal with the COVID-19 pandemic, many companies face numerous strategic decisions of utmost importance for their future. Being aware of one`s objectives is a prerequisite for sound decision making. However, decision and policy makers are often not aware of their objectives when facing important decisions in “normal” times. In addition, specific objectives have to be identified in times of crisis such as the COVID-19 pandemic. In this article, we provide guidelines for managers that illustrate the following. (i) How to identify company objectives? (ii) How to align them within their supply chains and with governmental objectives of policy makers? (iii) How to adjust objectives during and after the COVID-19 pandemic? Furthermore, we suggest comprehensive sets of relevant objectives and propose an iterative process to define, align, and adjust objectives. The study may help practitioners from business and public administration when making decisions and policies. Researchers may be inspired by the outlined viewpoints on decision-making processes and the addressed perspectives for future research.