Supply Chain Management in Times of Crisis – An Empirical Review

KLU Lecture series

On October 16th, 2013 Dr. Kai Hoberg (Associate Professor of Supply Chain and Operations Strategy at the Kühne Logistics University) will give a lecture on the topic “Supply Chain Management in Times of Crisis – An Empirical Review”. The lecture is open to the public. Space is limited, so please register ahead of time.

In this talk we review the impact of supply chain management in times of crisis. For the past 30 years, supply chain management practices have evolved and enabled practitioners to reduce costs, improve services and reduce inventories. Nevertheless, many firms are still struggling to define the right amount of inventory for their business model. This is particularly true if firms are in a crisis situation. We consider two different types of crises:  first, a crisis of an individual firm that requires to free up cash, and second, an economic crisis that affects many firms. For individual firms in a poor financial situation, we investigate the relationship between financial distress and inventory reductions using quarterly panel data of U.S. manufacturing firms for the period from 1995 to 2007. We compare the inventory actions in successful and unsuccessful turnaround situations. We find that for defaulting firms the inventory reduction are significantly lower than for firms that are able to resolve their financial distress. In addition, we analyses firm’s inventory performance in the last economic distress period – the Financial Crisis in 2008/2009. We find that many firms were not able to react decisively to the significant drop in demand and built up significant stocks. We investigate the drivers that enable responsive inventory management and analyze the financial impact of responsive inventory management.

Weitere Informationen finden Sie auf unserer Homepage :
http://www.the-klu.org/nc/news-events/events/lectureseries/

16.Oktober
18 Uhr
Großer Grasbrook 17
20457 Hamburg
(Hörsaal)