چکیده:
The purpose of this paper is to examine how bank-enabled electronic financial supply chain management (FSCM) systems influence the relationship between business partners in dyadic supply chains in emerging economies such as India. Specifically, we utilized transaction cost theoretic lens to: (1) explore how banks, via FSCM, influence the financial and material flows in supply chains (2) detail the changes to exchange characteristics between supply chain partners and (3) evaluate the performance outcomes of changes to the exchanges’ characteristics. We utilized inductive, multiple case study as the methodological approach. We collected data via semi-structured interviews from seven firms. In all, we conducted 20 in-depth interviews lasting over 20 hours. Our findings are that Supply chain members would adopt FSCM to make transactions cost efficient. Banks would motivate their clients to encourage the adoption of FSCM system to expand market and reduce business uncertainty. Adoption of FSCM system would increase when the focal supply chain member gives assurance about the business prospects and creditworthiness of their trading partners. Adoption of FSCM system is more likely when they build on prior e-enabled exchange systems with their clients. Trustworthy, cooperative and disciplined behavior among the firms is crucial for a FSCM system to function well. We identified several important constructs and relationships that help to understand the exchange dynamics in financial supply chains.
خلاصه ماشینی:
Reh School of Business, Clarkson University, Potsdam, New York, USA Abstract The purpose of this paper is to examine how bank-enabled electronic financial supply chain management (FSCM)systems influence the relationship between business partners in dyadic supply chains in emerging economies such as India.
Specifically, we utilized transaction cost theoretic lens to: (1) explore how banks, via FSCM, influence the financial and material flows in supply chains (2) detail the changes to exchange characteristics between supply chain partners and (3) evaluate the performance outcomes of changes to the exchanges’ characteristics.
Our selection of the Indian context was motivated by: a) India is a highly populous, fast growing economy (the growth rate of GDP has been over 7% in the last few years) with a big, diverse market that requires both domestic and international corporates such as Toyota, Suzuki, Nissan, BMW, Walmart, Tata and P&G to transact with both large and small size businesses; b) India is world’s largest democracy with a highly decontrolled economic system; c) Indian banks play an important role in facilitating this fast growth in economy; and d) the emerging nature of Indian economy presents opportunities to understand the transformational dynamic in supply chains in terms of how FSCM structures, arrangements, and strategies affect buyer supplier relationships.
The framework allows us to explore how bank-initiated FSCM practices influence the material, information and financial flows and exchange coordination practices that in turn affect the operational, financial and relational outcomes and buyer and supplier side market structure.