Review of supplier diversification and pricing strategies under random supply and demand

Golmohammadi, Amirmohsen; Hassini, Elkafi

doi:10.1080/00207543.2019.1705419

Cited by 28 publications

(19 citation statements)

References 214 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Academics and practitioners have paid considerable attention to the management of supply disruptions. A large number of strategies that aim at alleviating the negative impact caused by failures in the supply process have been proposed, for instance, demand switching (Tomlin 2009), inventory policies (Qi 2013), compensation to customers (Chen et al 2015), contingent sourcing (He et al 2020), supplier diversification (Silbermayr and Minner 2014;Golmohammadi and Hassini 2020), dynamic scheduling (Ivanov, Dolgui, and Sokolov 2018), recovery (Ivanov et al 2017), and others.…”

Section: Introductionmentioning

confidence: 99%

Dynamic compensation and contingent sourcing strategies for supply disruption

Minner

2020

International Journal of Production Research

View full text Add to dashboard Cite

Section: Introductionmentioning

confidence: 99%

Dynamic compensation and contingent sourcing strategies for supply disruption

Minner

2020

International Journal of Production Research

View full text Add to dashboard Cite

“…To alleviate the negative impact caused by supply chain failures, a fruitful of tactics have been proposed, for instance, supplier diversification, contingent sourcing, inventory buffering, production scheduling and recovery, customer compensation, etc. [6][7][8][9][10]. The relevant literature mainly falls into two streams: contingent sourcing policy, and post-disruption demand identification considering stockpiling behavior.…”

Section: Related Literaturementioning

confidence: 99%

Dynamic sourcing strategies for supply disruptions under consumer stockpiling

Zhou

2021

Complex Intell. Syst.

View full text Add to dashboard Cite

This paper considers a make-to-order system where production gets disrupted due to a random supply failure. To avoid potential stock-out risk and responding price increase during disruption, customers might decide to stockpile extra units for future consumption. We investigate the contingent sourcing strategy for the manufacturer to cope with the disruption. To this end, we first discuss the optimal post-disruption stockpiling decision for customers. In view of expected disruption duration, price rise, and inventory holding cost, three types of stockpiling behavior are analytically provided for the customers: non-stockpiling, gradual stockpiling, and instantaneous stockpiling. Next, a model is formulated to optimize the joint decision of contingent sourcing time and quantity, with the objective of maximizing profit expectation. Finally, by conducting numerical analysis, we generate further insights into the role of relative factors and provide specific managerial suggestions on how to adapt dynamic contingent sourcing strategies to alleviate different disruptions, under different market environments and customer behaviors.

show abstract

“…Diversify the source of supply and develop backup suppliers (MS 3) ranks second according to NPIV value. It increases the responsiveness of the supply chain [88]. Due to the COVID-19 outbreak, many ports in the world remained shut down, which halted raw material supply from many trusted suppliers for the manufacturing firms.…”

Section: Significance Of Key Findingsmentioning

confidence: 99%

Strategies to Manage the Impacts of the COVID-19 Pandemic in the Supply Chain: Implications for Improving Economic and Social Sustainability

et al. 2020

View full text Add to dashboard Cite

This paper aims to identify the negative impacts of the COVID-19 outbreak on supply chains and propose strategies to deal with the impacts in the context of the readymade garment (RMG) industry supply chain of an emerging economy: Bangladesh. To achieve the aims, a methodological framework is proposed through a literature review, expert inputs, and a decision-aid tool, namely the grey-based digraph-matrix method. A total of 10 types of negative impacts and 22 strategic measures to tackle the impacts were identified based on the literature review and expert inputs. Then, the grey-based digraph-matrix was applied for modeling the strategic measures based on their influence to deal with the impacts. Findings reveal that the strategies “manufacturing flexibility”, “diversify the source of supply”, and “develop backup suppliers” have significant positive consequences for managing the impacts of the COVID-19 pandemic in the RMG supply chain. The findings help industrial managers recover from supply chain disruptions by identifying and classifying the impacts and strategies required to manage the major supply chain disturbances caused by the COVID-19 pandemic. As a theoretical contribution, this study is one of few initial attempts to evaluate the impacts of the COVID-19 outbreak and the strategies to deal with the impacts in the supply chain context.

show abstract

Review of supplier diversification and pricing strategies under random supply and demand

Cited by 28 publications

References 214 publications

Dynamic compensation and contingent sourcing strategies for supply disruption

Dynamic compensation and contingent sourcing strategies for supply disruption

Dynamic sourcing strategies for supply disruptions under consumer stockpiling

Strategies to Manage the Impacts of the COVID-19 Pandemic in the Supply Chain: Implications for Improving Economic and Social Sustainability

Contact Info

Product

Resources

About