A Model for Quantifying Strategic Supplier Selection: Evidence from a Generic Pharmaceutical Firm Supply Chain
Given today's environment characterized by supply chain risk, green initiatives, increasing customers' value expectations, expanding regulatory compliance, and global economic crisis demand forward looking manufacturing firms to select and maintain suite of competent suppliers. Selection of competent suppliers and how much supplies should be procured from a supplier or suppliers is an important purchasing and supply management issue. Competent suppliers are the linchpin for supply chain effectiveness and the long term survival of firms.
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Given today's environment characterized by supply chain risk, green initiatives, increasing customers' value expectations, expanding regulatory compliance, and global economic crisis demand forward looking manufacturing firms to select and maintain suite of competent suppliers. Selection of competent suppliers and how much supplies should be procured from a supplier or suppliers is an important purchasing and supply management issue. Competent suppliers are the linchpin for supply chain effectiveness and the long term survival of firms.