Francis et al (2014) Meaning of Value in Logistics and OM [IJPR - 77] (1).pdf (704.04 kB)
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The meaning of ‘value’ in purchasing, logistics and operations management

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journal contribution
posted on 04.03.2022, 12:55 authored by Mark Francis, Ron Fisher, Andrew J. Thomas, Hefin Rowlands
We investigate the current conception of ‘value’ within the production-oriented disciplines of purchasing and supply, logistics and operations management. The research design entails a four-step content analysis of peer-reviewed journal articles drawn from these disciplines. Based upon the application of this method, we found that the conception of value within these production-oriented disciplines is subject to a considerable interpretive viability issue. Our findings suggest four contributory factors to this issue: a lack of theoretical rigour; a lack of definitional rigour; a plethora of [undefined] value-related terms in circulation within the field; and a large variety of linguistic usages of these terms, with ‘value’ being used as a verb, adjective and noun. This has profound implications as it throws into question much extant research in this field. How, for example, is it possible to effectively study something that is inadequately defined? It also has significant practical implications, as how is it possible to design an effective or efficient production system or supply chain premised upon the principle of value if none of the actors have a common understanding or consensus of what value is?

History

Published in

International Journal of Production Research

Publisher

Taylor & Francis

Version

AM (Accepted Manuscript)

Citation

Francis, M., Fisher, R., Thomas, A.J. and Rowlands, H. (2014) 'Meanings of Value in Logistics and Operations Management', International Journal of Production Research, 52 (22), pp.6576-6589

Print ISSN

0020-7543

Electronic ISSN

1366-588X

Cardiff Met Affiliation

  • Cardiff School of Management

Cardiff Met Authors

Mark Francis Ron Fisher

Cardiff Met Research Centre/Group

  • Welsh Centre for Business and Management Research

Copyright Holder

© The Publisher

Language

en