Procurement Flexibility as a Tool for Supplier Selection in Disastrous Environments

Supply chain flexibility (SCF) is being viewed most important among the tools to counter and handle risks and uncertainties in today’s volatile markets. It may also be considered to plan strategies, in order to gain competitive edge over competitors. Recently extensive work is being reported in SCF...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Global journal of flexible systems management 2013-12, Vol.14 (4), p.211-223
Hauptverfasser: Tiwari, Atul Kumar, Tiwari, Anunay, Samuel, Cherian, Bhardwaj, Prabhas
Format: Artikel
Sprache:eng
Schlagworte:
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
container_end_page 223
container_issue 4
container_start_page 211
container_title Global journal of flexible systems management
container_volume 14
creator Tiwari, Atul Kumar
Tiwari, Anunay
Samuel, Cherian
Bhardwaj, Prabhas
description Supply chain flexibility (SCF) is being viewed most important among the tools to counter and handle risks and uncertainties in today’s volatile markets. It may also be considered to plan strategies, in order to gain competitive edge over competitors. Recently extensive work is being reported in SCF focussing mainly on its multi dimensional aspects and implementation. However SCF is no free lunch and it may require huge investments to realise its potential benefits. ‘How much flexibility is required’, thus becomes the prime concern for firms willing to be flexible. This question is rarely discussed in the literature and in its scarcity, flexibility performance measurements remains untouched for risky and uncertain environments. Therefore measuring SCF is a prominent field where research needs to be focused. In this paper a mathematical model is proposed to evaluate supply chain flexibility at supplier buyer interface with an aim to attain robust supply in all possible scenarios. Further cost of procurement in view of flexibility is investigated in disastrous scenarios to support procurement decisions by managers. The paper contributes by analysing and evaluating SCF in environment of demand and lead time uncertainties and risks of major plant disruptions.
doi_str_mv 10.1007/s40171-013-0045-6
format Article
fullrecord <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_1491800683</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>3191503601</sourcerecordid><originalsourceid>FETCH-LOGICAL-c2316-93daeca4c183d573c83772de8cd024557a88ead2d04511c7d021430a7405bfc93</originalsourceid><addsrcrecordid>eNp1UEFOwzAQtBBIVKUP4GaJc8BrO7FzRKUFpEogtZwt13GQqzQOdoLo73EIBy7sZVejmdndQegayC0QIu4iJyAgI8AyQnieFWdoRkrBE1LK85-ZZrQoi0u0iPFAUhWEcgEztH0N3gzBHm3b43Vjv9zeNa4_YR2xxjvvG1z7gLdD1zXOpsE21vTOt9i1-MFFHfvgh4hX7acLvh1t4hW6qHUT7eK3z9HberVbPmWbl8fn5f0mM5RBkZWs0tZobkCyKhfMSCYEraw0VTouz4WW0uqKVuklACMSCpwRLTjJ97Up2RzdTL5d8B-Djb06-CG0aaUCXoJMX0qWWDCxTPAxBlurLrijDicFRI3xqSk-leJTY3yqSBo6aWLitu82_HH-V_QNbcpx0w</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1491800683</pqid></control><display><type>article</type><title>Procurement Flexibility as a Tool for Supplier Selection in Disastrous Environments</title><source>SpringerNature Journals</source><creator>Tiwari, Atul Kumar ; Tiwari, Anunay ; Samuel, Cherian ; Bhardwaj, Prabhas</creator><creatorcontrib>Tiwari, Atul Kumar ; Tiwari, Anunay ; Samuel, Cherian ; Bhardwaj, Prabhas</creatorcontrib><description>Supply chain flexibility (SCF) is being viewed most important among the tools to counter and handle risks and uncertainties in today’s volatile markets. It may also be considered to plan strategies, in order to gain competitive edge over competitors. Recently extensive work is being reported in SCF focussing mainly on its multi dimensional aspects and implementation. However SCF is no free lunch and it may require huge investments to realise its potential benefits. ‘How much flexibility is required’, thus becomes the prime concern for firms willing to be flexible. This question is rarely discussed in the literature and in its scarcity, flexibility performance measurements remains untouched for risky and uncertain environments. Therefore measuring SCF is a prominent field where research needs to be focused. In this paper a mathematical model is proposed to evaluate supply chain flexibility at supplier buyer interface with an aim to attain robust supply in all possible scenarios. Further cost of procurement in view of flexibility is investigated in disastrous scenarios to support procurement decisions by managers. The paper contributes by analysing and evaluating SCF in environment of demand and lead time uncertainties and risks of major plant disruptions.</description><identifier>ISSN: 0972-2696</identifier><identifier>EISSN: 0974-0198</identifier><identifier>DOI: 10.1007/s40171-013-0045-6</identifier><language>eng</language><publisher>India: Springer India</publisher><subject>Business and Management ; Decision making models ; Flexibility ; Original Article ; Purchasing ; Risk management ; Studies ; Suppliers ; Supply chain management ; Supply chains ; Vendor supplier relations</subject><ispartof>Global journal of flexible systems management, 2013-12, Vol.14 (4), p.211-223</ispartof><rights>Global Institute of Flexible Systems Management 2013</rights><rights>Copyright Global Institute of Flexible Systems Management (GIFT) Dec 2013</rights><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c2316-93daeca4c183d573c83772de8cd024557a88ead2d04511c7d021430a7405bfc93</citedby><cites>FETCH-LOGICAL-c2316-93daeca4c183d573c83772de8cd024557a88ead2d04511c7d021430a7405bfc93</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://link.springer.com/content/pdf/10.1007/s40171-013-0045-6$$EPDF$$P50$$Gspringer$$H</linktopdf><linktohtml>$$Uhttps://link.springer.com/10.1007/s40171-013-0045-6$$EHTML$$P50$$Gspringer$$H</linktohtml><link.rule.ids>314,780,784,27924,27925,41488,42557,51319</link.rule.ids></links><search><creatorcontrib>Tiwari, Atul Kumar</creatorcontrib><creatorcontrib>Tiwari, Anunay</creatorcontrib><creatorcontrib>Samuel, Cherian</creatorcontrib><creatorcontrib>Bhardwaj, Prabhas</creatorcontrib><title>Procurement Flexibility as a Tool for Supplier Selection in Disastrous Environments</title><title>Global journal of flexible systems management</title><addtitle>Glob J Flex Syst Manag</addtitle><description>Supply chain flexibility (SCF) is being viewed most important among the tools to counter and handle risks and uncertainties in today’s volatile markets. It may also be considered to plan strategies, in order to gain competitive edge over competitors. Recently extensive work is being reported in SCF focussing mainly on its multi dimensional aspects and implementation. However SCF is no free lunch and it may require huge investments to realise its potential benefits. ‘How much flexibility is required’, thus becomes the prime concern for firms willing to be flexible. This question is rarely discussed in the literature and in its scarcity, flexibility performance measurements remains untouched for risky and uncertain environments. Therefore measuring SCF is a prominent field where research needs to be focused. In this paper a mathematical model is proposed to evaluate supply chain flexibility at supplier buyer interface with an aim to attain robust supply in all possible scenarios. Further cost of procurement in view of flexibility is investigated in disastrous scenarios to support procurement decisions by managers. The paper contributes by analysing and evaluating SCF in environment of demand and lead time uncertainties and risks of major plant disruptions.</description><subject>Business and Management</subject><subject>Decision making models</subject><subject>Flexibility</subject><subject>Original Article</subject><subject>Purchasing</subject><subject>Risk management</subject><subject>Studies</subject><subject>Suppliers</subject><subject>Supply chain management</subject><subject>Supply chains</subject><subject>Vendor supplier relations</subject><issn>0972-2696</issn><issn>0974-0198</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2013</creationdate><recordtype>article</recordtype><recordid>eNp1UEFOwzAQtBBIVKUP4GaJc8BrO7FzRKUFpEogtZwt13GQqzQOdoLo73EIBy7sZVejmdndQegayC0QIu4iJyAgI8AyQnieFWdoRkrBE1LK85-ZZrQoi0u0iPFAUhWEcgEztH0N3gzBHm3b43Vjv9zeNa4_YR2xxjvvG1z7gLdD1zXOpsE21vTOt9i1-MFFHfvgh4hX7acLvh1t4hW6qHUT7eK3z9HberVbPmWbl8fn5f0mM5RBkZWs0tZobkCyKhfMSCYEraw0VTouz4WW0uqKVuklACMSCpwRLTjJ97Up2RzdTL5d8B-Djb06-CG0aaUCXoJMX0qWWDCxTPAxBlurLrijDicFRI3xqSk-leJTY3yqSBo6aWLitu82_HH-V_QNbcpx0w</recordid><startdate>20131201</startdate><enddate>20131201</enddate><creator>Tiwari, Atul Kumar</creator><creator>Tiwari, Anunay</creator><creator>Samuel, Cherian</creator><creator>Bhardwaj, Prabhas</creator><general>Springer India</general><general>Global Institute of Flexible Systems Management (GIFT)</general><scope>AAYXX</scope><scope>CITATION</scope><scope>4T-</scope></search><sort><creationdate>20131201</creationdate><title>Procurement Flexibility as a Tool for Supplier Selection in Disastrous Environments</title><author>Tiwari, Atul Kumar ; Tiwari, Anunay ; Samuel, Cherian ; Bhardwaj, Prabhas</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c2316-93daeca4c183d573c83772de8cd024557a88ead2d04511c7d021430a7405bfc93</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2013</creationdate><topic>Business and Management</topic><topic>Decision making models</topic><topic>Flexibility</topic><topic>Original Article</topic><topic>Purchasing</topic><topic>Risk management</topic><topic>Studies</topic><topic>Suppliers</topic><topic>Supply chain management</topic><topic>Supply chains</topic><topic>Vendor supplier relations</topic><toplevel>online_resources</toplevel><creatorcontrib>Tiwari, Atul Kumar</creatorcontrib><creatorcontrib>Tiwari, Anunay</creatorcontrib><creatorcontrib>Samuel, Cherian</creatorcontrib><creatorcontrib>Bhardwaj, Prabhas</creatorcontrib><collection>CrossRef</collection><collection>Docstoc</collection><jtitle>Global journal of flexible systems management</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Tiwari, Atul Kumar</au><au>Tiwari, Anunay</au><au>Samuel, Cherian</au><au>Bhardwaj, Prabhas</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Procurement Flexibility as a Tool for Supplier Selection in Disastrous Environments</atitle><jtitle>Global journal of flexible systems management</jtitle><stitle>Glob J Flex Syst Manag</stitle><date>2013-12-01</date><risdate>2013</risdate><volume>14</volume><issue>4</issue><spage>211</spage><epage>223</epage><pages>211-223</pages><issn>0972-2696</issn><eissn>0974-0198</eissn><abstract>Supply chain flexibility (SCF) is being viewed most important among the tools to counter and handle risks and uncertainties in today’s volatile markets. It may also be considered to plan strategies, in order to gain competitive edge over competitors. Recently extensive work is being reported in SCF focussing mainly on its multi dimensional aspects and implementation. However SCF is no free lunch and it may require huge investments to realise its potential benefits. ‘How much flexibility is required’, thus becomes the prime concern for firms willing to be flexible. This question is rarely discussed in the literature and in its scarcity, flexibility performance measurements remains untouched for risky and uncertain environments. Therefore measuring SCF is a prominent field where research needs to be focused. In this paper a mathematical model is proposed to evaluate supply chain flexibility at supplier buyer interface with an aim to attain robust supply in all possible scenarios. Further cost of procurement in view of flexibility is investigated in disastrous scenarios to support procurement decisions by managers. The paper contributes by analysing and evaluating SCF in environment of demand and lead time uncertainties and risks of major plant disruptions.</abstract><cop>India</cop><pub>Springer India</pub><doi>10.1007/s40171-013-0045-6</doi><tpages>13</tpages></addata></record>
fulltext fulltext
identifier ISSN: 0972-2696
ispartof Global journal of flexible systems management, 2013-12, Vol.14 (4), p.211-223
issn 0972-2696
0974-0198
language eng
recordid cdi_proquest_journals_1491800683
source SpringerNature Journals
subjects Business and Management
Decision making models
Flexibility
Original Article
Purchasing
Risk management
Studies
Suppliers
Supply chain management
Supply chains
Vendor supplier relations
title Procurement Flexibility as a Tool for Supplier Selection in Disastrous Environments
url https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-25T23%3A34%3A07IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Procurement%20Flexibility%20as%20a%20Tool%20for%20Supplier%20Selection%20in%20Disastrous%20Environments&rft.jtitle=Global%20journal%20of%20flexible%20systems%20management&rft.au=Tiwari,%20Atul%20Kumar&rft.date=2013-12-01&rft.volume=14&rft.issue=4&rft.spage=211&rft.epage=223&rft.pages=211-223&rft.issn=0972-2696&rft.eissn=0974-0198&rft_id=info:doi/10.1007/s40171-013-0045-6&rft_dat=%3Cproquest_cross%3E3191503601%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=1491800683&rft_id=info:pmid/&rfr_iscdi=true