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What is Keiretsu in Supply Chain Management? PDF | Download eBooks

Learn Keiretsu definition in supply chain management with explanation to study “What is Keiretsu”. Study keiretsu explanation with SCM terms to review supply chain management course for online MBA programs.

Keiretsu Definitions

  1. A Japanese term that describes suppliers who become part of a company coalition.

    Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson

  2. A Japanese term used to describe a coalition of companies which form a supply network around a large manufacturer and can include service companies such as banks as well as conventional suppliers.

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

Keiretsu Explanation

Keiretsu is a business system made out of producers, production network accomplices, merchants and agents who remain monetarily free yet work firmly together to guarantee each other's prosperity. In Japanese, the word keiretsu signifies "gathering." In business, the word is regularly utilized as an equivalent word for organization, coalition or expanded venture. The development of a keiretsu enables a maker to build up steady, long haul organizations, which thus causes them to remain lean and spotlight on center business prerequisites. Keiretsu are frequently settled to share best practices and improve chance administration by bringing down obscure factors. The solidness a keiretsu gives, in any case, can here and there be a risk and keep the maker from reacting rapidly to changes in the economy, culture or innovation.

Keiretsu Explanation

Keiretsu is a Japanese expression alluding to a business system made up of various organizations, including producers, production network accomplices, merchants, and every so often financers. They cooperate, have cozy connections and now and again take little value stakes in one another, at the same time remaining operationally autonomous. Interpreted actually, keiretsu signifies "headless join." Keiretsu has proceeded to impact strategic policies in different nations, but in a looser structure. In Japan, where organizations are relied upon to collaborate, keiretsus are managed by explicit laws. Outside the nation, the term for the most part alludes to casual unions between multiple associations. Japanese companies worth having close ties with one another.

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