Opportunities For Supply Chain Management In Agribusiness

Abstract

The purpose of the study is to identify the main features of supply chain management in agribusiness and to explore the opportunities that it creates for entrepreneurs. The work uses the methods of logistics, management, reengineering of business processes, mathematical methods of optimization. To solve the set tasks, the author also used general scientific methods (analysis, synthesis, systemic and complex analysis), special methods (comparisons, sample observation, statistical methods), economic and sociological research (questionnaire survey, secondary analysis of economic research), etc. The article shows that one of the largest areas of the supply chain management (SCM) practice in the world is the agricultural sector. The newly proposed "supply chain" is a managed process. SCM differs significantly from traditional management. If we take into account that there are opportunities to expand inter-firm relations (horizontal integration) operating in each link of the supply chain, then it becomes clear that the synergistic effect created by SCM is strong. On the other hand, the integration of two or more links in the supply chain (vertical integration) can create an additional synergistic effect.

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This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.

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Publisher

European Publisher

First Online

31.12.2021

Doi

10.15405/epsbs.2021.12.04.22

Online ISSN

2357-1330