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Operations and Supply Chain Management Commons™
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Full-Text Articles in Operations and Supply Chain Management
Can Contracts Replace Qualification In A Sourcing Process With Competitive Suppliers And Imperfect Information?, Yue Jin, Jennifer K. Ryan
Can Contracts Replace Qualification In A Sourcing Process With Competitive Suppliers And Imperfect Information?, Yue Jin, Jennifer K. Ryan
Department of Supply Chain Management and Analytics: Faculty and Staff Publications
This paper considers a manufacturer who outsources the production of a product to multiple competing suppliers, who differ in their cost structures and in their capabilities for producing high-quality products. The manufacturer must design the sourcing process to ensure that the selected supplier has sufficient quality capability, while encouraging competition among the suppliers. We develop and analyze a mathematical model of performance-based contracting, a sourcing method that is appropriate when the manufacturer has imperfect information regarding the suppliers’ costs and capabilities. We compare the performance of performance-based contracting with that of a two-stage sourcing process, an alternative sourcing method that …
Best Strategic Practices For Small And Medium-Sized Procurement Organizations, Peter O'Reilly
Best Strategic Practices For Small And Medium-Sized Procurement Organizations, Peter O'Reilly
Publications
Presentation discusses best practices, goals and objective, and strategies, and for small and medium-sized procurement organizations.
Best Strategic Practices For Small And Medium-Sized Procurement Organizations, Peter O'Reilly
Best Strategic Practices For Small And Medium-Sized Procurement Organizations, Peter O'Reilly
Publications
Presentation discusses best practices, goals and objective, and strategies, and for small and medium-sized procurement organizations.
How Purchasing Departments Can Take Advantage Of The Sluggish Economy To Achieve Strategic Opportunities Through Best Practices, Peter O'Reilly
How Purchasing Departments Can Take Advantage Of The Sluggish Economy To Achieve Strategic Opportunities Through Best Practices, Peter O'Reilly
Publications
Presentation objectives:
- What is a Strategic Best Practice and Why is it Important to a Purchasing Department?
How To Implement Best Strategic Practices In Small And Medium-Sized Procurement Organizations During Difficult Economic Times, Peter O'Reilly
How To Implement Best Strategic Practices In Small And Medium-Sized Procurement Organizations During Difficult Economic Times, Peter O'Reilly
Publications
Presentation objectives:
- What are Small-sized and Medium-sized Sourcing Departments?
- What is a Strategic Best Practice and Why is it Important to a Sourcing Department?