Supply contracting under information asymmetry and delivery performance consideration

Fuqiang Zhang

doi:10.1007/978-0-85729-778-5_7

Supply contracting under information asymmetry and delivery performance consideration

Fuqiang Zhang

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

3 Scopus citations

Abstract

A global economy and rapidly-changing market conditions have greatly intensified industry competition. This, in turn, has led to an ever-increasing level of outsourcing/offshoring activities by firms in order to gain cost advantage and market share [35, 40]. According to the Department of Commerce [29], typical US manufacturers spend more than half of their revenue on goods and services obtained from external suppliers. As a result, supply management has become a significant issue for many companies that rely more on their suppliers for the delivery of components, products, and services. When sourcing from outside suppliers, a buyer should consider both price and non-price factors.

Original language	English
Title of host publication	Supply Chain Disruptions
Subtitle of host publication	Theory and Practice of Managing Risk
Publisher	Springer-Verlag London Ltd
Pages	165-193
Number of pages	29
Volume	9780857297785
ISBN (Electronic)	9780857297785
ISBN (Print)	0857297775, 9780857297778
DOIs	https://doi.org/10.1007/978-0-85729-778-5_7
State	Published - Nov 1 2013

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10.1007/978-0-85729-778-5_7

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abstract = "A global economy and rapidly-changing market conditions have greatly intensified industry competition. This, in turn, has led to an ever-increasing level of outsourcing/offshoring activities by firms in order to gain cost advantage and market share [35, 40]. According to the Department of Commerce [29], typical US manufacturers spend more than half of their revenue on goods and services obtained from external suppliers. As a result, supply management has become a significant issue for many companies that rely more on their suppliers for the delivery of components, products, and services. When sourcing from outside suppliers, a buyer should consider both price and non-price factors.",

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Supply contracting under information asymmetry and delivery performance consideration

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