?
Application of the Reliability Engineering Theory for Efficiency Assessment in Supply Chains
The COVID19 pandemic exposed inadequacies of current approaches in managing business processes and supply chains all over the world. Over the past years, business structures were focusing mainly on business efficiency rather than on resilience of supply chains. They were implementing basic ideas of just-in-time concept and lean logistics. In 2020 this approach has led to disruption of the existed supply chains. It was the moment, when scholars and managers started to understand the immense value of reliability and resilience as important company attributes in the new knowledge-based economy. Innovations, expertise, IT implementation and adoption expose the role of knowledge in improving business processes, industrial development and supply chain reliability.
Present research assumes, that reliability engineering theory can be applied in logistics for analysis, control and assessment of key performance indicators devoted to reliability and supply chain resilience. The article presents application of the reliability engineering theory for efficiency assessment with the adjusted three-dimension model. The basic terms of the reliability engineering theory are used in order to analyze key performance indicators of logistics activity. We consider reliability within several dimensions, relevant to contemporary vision of supply chain management. The suggested approach empowers knowledge creation, diffusion, and application in modern economy.