A study on knowledge-rich critical elements within Sri Lankan manufacturing supply networks
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A supply network is the combination of elements that starts with the procurement of raw materials from a supplier or a group of suppliers, and ends by delivering the finished product to the end consumer. Some of these elements can be called Knowledge-rich critical elements; because of the amount of knowledge presented and level of competency that a given element contains within the network. The core objective of Supply Network Management is to increase the market share and the performance of its supply network members while increasing the operational efficiency and profitability of the company. Failures should not occur within the network, because the smooth operation of a supply network is important. Therefore, identification of the traits of individual supply network elements is essential to reduce these potential failures. This research identifies the Knowledge-rich critical elements within supply networks of Sri Lankan manufacturing companies that will assist better decision making, concerning choices of supply network configuration and management. The methodology supports the decision makers with implementing risk mitigation plans to maintain a competitive advantage within their supply network.