Supplier development with benchmarking as part of a comprehensive supplier risk management framework

Supplier development with benchmarking as part of a comprehensive supplier risk management framework

Supplier development or supplier switching?

We study a firm’s cost-based sourcing decision of whether to invest in an incumbent supplier or switch to an alternative supplier in order to realise lower purchasing costs. In isolation, it can be shown that the development of an incumbent supplier (i.e., a cooperative investment) becomes more attractive, the higher the uncertainty about the price the buying firm can realise on the market and ...

Supplier Development for Different Supplier Segments

In order to standout from competition in the global market, companies must rely on competent suppliers. The supplier development program is designed to create and maintain a network of competent suppliers, which has a major influence on the competitive advantages of a buying company. The existing literatures on supplier development all adopt “one-size-fit-all” strategies. However, to allocate s...

Risk management processes in supplier networks

This paper deals with risk management in supplier networks. The primary aim is to illustrate challenges that network co-operation brings to risk management. The paper outlines the general structure of the risk management process and presents methods for risk management in a complex network environment. The results indicate that risk management is an important development target in the studied s...

Global Value Chains: A framework of Buyer-Supplier Management

Business clusters and global value chains (GVCs) command growing interest in some research disciplines. In the existing literature overwhelmingly focus on two niches: governance and upgrading. The detailed mechanisms of buyer-supplier relationship management tend to remain under-researched. This paper presents a framework base on the literature on the literature of International Marketing and P...