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What are Intangible Resources in Supply Chain Management? PDF | Download eBooks

Learn Intangible Resources definition in supply chain management with explanation to study “What are Intangible Resources”. Study intangible resources explanation with SCM terms to review supply chain management course for online MBA programs.

Intangible Resources Definition

  • Resources within an operation that are not immediately evident or tangible, such as relationships with suppliers and customers, process knowledge, new product and service development.

    Operations Management by Nigel Slack, Alistair Brandon-Jones, Robert Johnston

Intangible Resources Explanation

An elusive resource is a benefit that isn't physical in nature. Altruism, brand acknowledgment and protected innovation, for example, licenses, trademarks, and copyrights, are generally elusive resources. Impalpable resources exist contrary to unmistakable resources, which incorporate land, vehicles, hardware, and stock. An impalpable resource can be delegated either inconclusive or clear. An organization's image name is viewed as an inconclusive elusive resource since it remains with the organization for whatever length of time that it proceeds with activities. A case of a distinct elusive resource would be a legitimate consent to work under another organization's patent, without any plans of broadening the understanding. The understanding in this manner has a constrained life and is named an unmistakable resource. While an elusive resource doesn't have the conspicuous physical estimation of an industrial facility or hardware, it can demonstrate profitable for a firm and be basic to its long haul achievement or disappointment.

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