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International Supplier Selection: A Multi‐attribute Utility Approach

International Supplier Selection: A Multi‐attribute Utility Approach In an era of global sourcing, the multinational firm′s success often hinges on the most appropriate selection of its foreign suppliers. International supplier selection, however, is very complicated and risky owing to a variety of uncontrollable and unpredictable factors affecting the decision. These factors may include political situations, tariff barriers, cultural and communication barriers, trade regulations and agreements, currency exchange rates, cultural differences, ethical standards, quality standards and so forth. Nevertheless, a vast majority of the purchasing literature still focuses on the domestic aspects and neglects international supplier selection research. Proposes multiple attribute utility theory which can help purchasing professionals to formulate viable sourcing strategies in the changing world marketplace. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Physical Distribution & Logistics Management Emerald Publishing

International Supplier Selection: A Multi‐attribute Utility Approach

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Publisher
Emerald Publishing
Copyright
Copyright © 1994 MCB UP Ltd. All rights reserved.
ISSN
0960-0035
DOI
10.1108/09600039410064008
Publisher site
See Article on Publisher Site

Abstract

In an era of global sourcing, the multinational firm′s success often hinges on the most appropriate selection of its foreign suppliers. International supplier selection, however, is very complicated and risky owing to a variety of uncontrollable and unpredictable factors affecting the decision. These factors may include political situations, tariff barriers, cultural and communication barriers, trade regulations and agreements, currency exchange rates, cultural differences, ethical standards, quality standards and so forth. Nevertheless, a vast majority of the purchasing literature still focuses on the domestic aspects and neglects international supplier selection research. Proposes multiple attribute utility theory which can help purchasing professionals to formulate viable sourcing strategies in the changing world marketplace.

Journal

International Journal of Physical Distribution & Logistics ManagementEmerald Publishing

Published: Jun 1, 1994

Keywords: Globalization; Multinationals; Purchasing; Sourcing; Supplier evaluation; Suppliers

References