“…Extant literature has also identified the concept of dynamic response that considers changes in supplier operations, buyer demand, and production policies owing to market dynamics as a function of periodic time to satisfy the forecasted demand Mondal, 2016, 2019;Koul and Verma, 2011;€ Ohman et al, 2021;Ware et al, 2014). However, we argue that under the conditions of conventional manufacturing, this concept still imposes a very high degree of transaction costs (Clemons et al, 1993;Grover and Malhotra, 2003;Williamson, 1991Williamson, , 2008 for changing the supplier once a supplier has been selected and a supply chain has been designed for a specific part type.…”