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Please note that all times are shown in the time zone of the conference. The current conference time is: 18th Jan 2022, 04:03:49pm GMT
Keynote 2: Managing the costs of supply chain risks beyond the pandemic Prof. John Cullen, Richard Bruce
11:45am - 12:30pm
Session Chair: Elaine Pamela Harris, University of Roehampton
Location:Susan Cadbury Lecture Theatre Ground Floor Aston Business School
Joining Prof John Cullen and Richard Bruce will be Chris Tyas ,OBE. A former supply chain leader now focussed on shaping key industry initiatives
Managing the costs of supply chain risks beyond the pandemic
John Cullen, Richard Bruce
University of Sheffield, United Kingdom
The paper has recently been published by the authors in the Financial Management Magazine, AICPA & CIMA, September 2021 and addresses one of the themes of the conference. Building on our own supply chain research experiences, we interviewed three senior practitioners who operated in different contexts about their own experiences during the pandemic and reflected on the ways in which management accounting practices were utilised to meet the challenges of the pandemic. The paper contributes to discussions about global supply chain challenges arising during the pandemic as well as resulting changes in strategic, operational and management accounting processes. Specific reference is made to debates around just-in-time or just-in-case inventory strategies and associated warehousing implications, product ranging decisions based on the financial contribution of SKU's to profits, the use of open book accounting across networks that resulted in increased transparency across supply chains, collaborative contracting associated with open book accounting, the increase in online shopping in retail and the implications of this rise, innovations in workforce management, supply chain resilience practices and implications for management accounting practices going forward. The paper combines academic thinking with a range of experiences of the real life challenges that both organisations and supply networks faced during the global pandemic as well as palnning for life beyond the pandemic.