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Article: A just-in-time evaluation strategy for international procurement

TitleA just-in-time evaluation strategy for international procurement
Authors
KeywordsHong Kong
International sourcing
Just-in-time
Performance measurement
Purchasing
Supply chain
Issue Date1998
PublisherEmerald Group Publishing Limited. The Journal's web site is located at http://www.emeraldinsight.com/scm.htm
Citation
Supply Chain Management, 1998, v. 3 n. 4, p. 175-186 How to Cite?
AbstractMany manufacturers are considering the just-in-time (JIT) philosophy in order to become more competitive in global markets. An important element of the JIT strategy is the purchasing function. The procurement of parts and materials plays a key role in the successful implementation of a JIT strategy because it has a direct impact on increased productivity, reduced costs and improved quality. Experts agree that supplier selection is one of the most important activities of purchasing. Three popular methods for supplier performance evaluation appear in the literature: categorical, weighted point and cost ratio. However, these techniques have disadvantages associated with them and an alternative approach, is suggested which applies dimensional analysis to selecting prospective suppliers. An international purchasing office (IPO), located in Hong Kong, has been applying the dimensional analysis approach to assessing suppliers. Using the IPO as a case study, the benefits of this approach over the traditional assessment methods are discussed, both as a means of measuring not only supplier performance, but also the contribution to the purchasing relationship from the buyer organisation.
Persistent Identifierhttp://hdl.handle.net/10722/74621
ISSN
2023 Impact Factor: 7.9
2023 SCImago Journal Rankings: 2.507
References

 

DC FieldValueLanguage
dc.contributor.authorHumphreys, Pen_HK
dc.contributor.authorMak, KLen_HK
dc.contributor.authorYeung, CMen_HK
dc.date.accessioned2010-09-06T07:03:09Z-
dc.date.available2010-09-06T07:03:09Z-
dc.date.issued1998en_HK
dc.identifier.citationSupply Chain Management, 1998, v. 3 n. 4, p. 175-186en_HK
dc.identifier.issn1359-8546en_HK
dc.identifier.urihttp://hdl.handle.net/10722/74621-
dc.description.abstractMany manufacturers are considering the just-in-time (JIT) philosophy in order to become more competitive in global markets. An important element of the JIT strategy is the purchasing function. The procurement of parts and materials plays a key role in the successful implementation of a JIT strategy because it has a direct impact on increased productivity, reduced costs and improved quality. Experts agree that supplier selection is one of the most important activities of purchasing. Three popular methods for supplier performance evaluation appear in the literature: categorical, weighted point and cost ratio. However, these techniques have disadvantages associated with them and an alternative approach, is suggested which applies dimensional analysis to selecting prospective suppliers. An international purchasing office (IPO), located in Hong Kong, has been applying the dimensional analysis approach to assessing suppliers. Using the IPO as a case study, the benefits of this approach over the traditional assessment methods are discussed, both as a means of measuring not only supplier performance, but also the contribution to the purchasing relationship from the buyer organisation.en_HK
dc.languageengen_HK
dc.publisherEmerald Group Publishing Limited. The Journal's web site is located at http://www.emeraldinsight.com/scm.htmen_HK
dc.relation.ispartofSupply Chain Managementen_HK
dc.subjectHong Kong-
dc.subjectInternational sourcing-
dc.subjectJust-in-time-
dc.subjectPerformance measurement-
dc.subjectPurchasing-
dc.subjectSupply chain-
dc.titleA just-in-time evaluation strategy for international procurementen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1359-8546&volume=3&issue=4&spage=175&epage=186&date=1998&atitle=A+just-in-time+evaluation+strategy+for+international+procurementen_HK
dc.identifier.emailMak, KL:makkl@hkucc.hku.hken_HK
dc.identifier.authorityMak, KL=rp00154en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1108/13598549810244197en_HK
dc.identifier.scopuseid_2-s2.0-0347877894en_HK
dc.identifier.hkuros46845en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0347877894&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume3en_HK
dc.identifier.issue4en_HK
dc.identifier.spage175en_HK
dc.identifier.epage186en_HK
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridHumphreys, P=7005959792en_HK
dc.identifier.scopusauthoridMak, KL=7102680226en_HK
dc.identifier.scopusauthoridYeung, CM=36848790300en_HK
dc.identifier.issnl1359-8546-

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