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1. What is this Supply Chain Ecosystem and why is it important?



Regards for you Mr Dustin at the beginning. Before I say what is Suppy Chain Ecosystem we have to know what is the major question we have to answer. Every person who wants to run a business has to have some kind of wish to do some business in a certain way. That certain way means, in that sense, to have a track of what are businesses are and what are connections with other industries, resources, etc. In that sense, in short, the ecosystem model is a framework to visualize all operational, strategic, management and execution issues. That will be in short, but to really understand the supply chain ecosystem we have to be in some kind of reasoning that, if we want to design supply chain we have to think globaly. And if we want to design globaly supply chain we have to do two major steps. Those steps are Global supply chain formation, and the second major step is Building governance mechanisms or frameworks for partner selection, coordination and control. When we talk about first step – Global supply chain formation, that step has additional five steps, and the first step of those is to Map the supply chain ecosystem for the Industry vertical. Now, when we know what is Supply chain ecosystem in global, we can say what it is in a certain way. So, Supply chain ecosystem consist of four major parts, and those are Supply Chain, Resourses, Institutions and Delivery services mechanisms. So every person who wants to run a business have to think about those four major parts, if he (she) wants to mitigate risks.

And that would be in some kind in short said.