White paper: Last Time Buy or Last Resort? Insights from the Field
This white paper reports the findings (of Audrey Bazerghi and Jan Albert Van Mieghem*, Kellogg School of Management, Northwestern University) from a series of interviews conducted with practitioners in various industries where last time buys are common practice. They studied the process that leads suppliers to resort to last time buys and discuss the issues caused by this practice. They uncover the main challenges in coordinating the life stages of part and product across agents in a supply chain.
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Audrey Bazerghi and Jan Albert Van Mieghem*
Kellogg School of Management
Northwestern University
*© 2022 Bazerghi and Van Mieghem, who retain all rights to this white paper. Ms. Bazerghi is a doctoral candidate and Dr. Van Mieghem is the A.C. Buehler Professor and Professor of Operations Management at Kellogg. Ms. Bazerghi is also supported by the Fonds de recherche du Québec-Nature et technologies. No other external support or funding was received.