IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i22p15930-d1279928.html
   My bibliography  Save this article

Examining Sustainability Alignment of Supplier Selection Criteria during Industrial Revolutions

Author

Listed:
  • Batoul Modarress-Fathi

    (School of Business, The University of the Virgin Islands, Orville E. Kean Campus—St. Thomas, Virgin Islands, VA 00802, USA)

  • Al Ansari

    (Albers School of Business and Economics, Seattle University, Seattle, WA 98122, USA)

  • Alexander Ansari

    (Quality Technology Inc., Edmonds, WA 98206, USA)

Abstract

Suppliers have evolved alongside industrial revolutions induced by their selection criteria for over two centuries. While sustainability has remained a pledge in their inter-creditor agreements, the claims of 11,000 scientists regarding the Earth’s colossal pollution and the calls of 196 nations to reach net-zero emissions by 2030 have accentuated concerns regarding the sustainability of supply selection criteria. Twenty supply selection criteria and seventy associated indicators were identified in industrial revolutions. The identified criteria and indicators were forwarded to 250 volunteers with expertise in the supply chain across six industries. Maintaining confidentiality, the volunteers were first requested to rank the criteria and related indicators concerning the three pillars of sustainability, the environmental, economic, and social, using The second request was to mark the percentage of influence of economic criteria and the related indicators on environmental and social sustainability. The third request was to state their professional views on sustainability during the industrial revolutions. Statistical analyses of the responses suggested that the identified supplier selection criteria were not equally driven by economic, environmental, and social sustainability. Supply chain professionals supported the statistical analysis and confirmed that the economic indicators dominating the selection of suppliers were significantly higher than the environmental and social criteria. They also confirmed that economic indicators have negatively impacted environmental and social sustainability during industrial revolutions. They recommended that transitioning into sustainable supply chains requires shifting emphasis from economic to environmental and social sustainability.

Suggested Citation

  • Batoul Modarress-Fathi & Al Ansari & Alexander Ansari, 2023. "Examining Sustainability Alignment of Supplier Selection Criteria during Industrial Revolutions," Sustainability, MDPI, vol. 15(22), pages 1-19, November.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:22:p:15930-:d:1279928
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/22/15930/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/15/22/15930/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Michael C. Jensen, 2010. "The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems," Journal of Applied Corporate Finance, Morgan Stanley, vol. 22(1), pages 43-58, January.
    2. Weber, Charles A. & Current, John R. & Benton, W. C., 1991. "Vendor selection criteria and methods," European Journal of Operational Research, Elsevier, vol. 50(1), pages 2-18, January.
    3. A. D. Basiago, 1998. "Economic, social, and environmental sustainability in development theory and urban planning practice," Environment Systems and Decisions, Springer, vol. 19(2), pages 145-161, June.
    4. Christian Brodhag & Sophie Talière, 2006. "Sustainable development strategies: Tools for policy coherence," Natural Resources Forum, Blackwell Publishing, vol. 30(2), pages 136-145, May.
    5. Hau L. Lee & Corey Billington, 1995. "The Evolution of Supply-Chain-Management Models and Practice at Hewlett-Packard," Interfaces, INFORMS, vol. 25(5), pages 42-63, October.
    6. Chris Freeman & Luc Soete, 1997. "The Economics of Industrial Innovation, 3rd Edition," MIT Press Books, The MIT Press, edition 3, volume 1, number 0262061953, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Klingenberg, Cristina Orsolin & Borges, Marco Antônio Viana & Antunes, José Antônio do Vale, 2022. "Industry 4.0: What makes it a revolution? A historical framework to understand the phenomenon," Technology in Society, Elsevier, vol. 70(C).
    2. Nick Clifton & Robert Huggins & Brian Morgan & Piers Thompson, 2015. "An appropriate tool for entrepreneurial learning in SMEs? The case of the 20Twenty Leadership Programme," Local Economy, London South Bank University, vol. 30(5), pages 534-556, August.
    3. Mike Wright & Luc Renneboog & Tomas Simons & Louise Scholes, 2006. "Leveraged Buyouts in the U.K. and Continental Europe: Retrospect and Prospect," Journal of Applied Corporate Finance, Morgan Stanley, vol. 18(3), pages 38-55, June.
    4. Foxon, T. J. & Gross, R. & Chase, A. & Howes, J. & Arnall, A. & Anderson, D., 2005. "UK innovation systems for new and renewable energy technologies: drivers, barriers and systems failures," Energy Policy, Elsevier, vol. 33(16), pages 2123-2137, November.
    5. Sang Cheol Lee & Mooweon Rhee & Jongchul Yoon, 2018. "Foreign Monitoring and Audit Quality: Evidence from Korea," Sustainability, MDPI, vol. 10(9), pages 1-22, September.
    6. Nassimbeni, Guido, 1996. "Factors underlying operational JIT purchasing practices: Results of an empirical research," International Journal of Production Economics, Elsevier, vol. 42(3), pages 275-288, April.
    7. Shaikh, Ibrahim A. & O'Brien, Jonathan Paul & Peters, Lois, 2018. "Inside directors and the underinvestment of financial slack towards R&D-intensity in high-technology firms," Journal of Business Research, Elsevier, vol. 82(C), pages 192-201.
    8. Ziad Rotaba & Catherine Beaudry, 2012. "How Do High, Medium, And Low Tech Firms Innovate? A System Of Innovation (Si) Approach," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 9(05), pages 1-23.
    9. Marlin, Dan & Geiger, Scott W., 2015. "A reexamination of the organizational slack and innovation relationship," Journal of Business Research, Elsevier, vol. 68(12), pages 2683-2690.
    10. Young, Michael N. & McGuinness, Paul B., 2001. "The missing link: why stock markets have been ineffective in Chinese SOE reform," Business Horizons, Elsevier, vol. 44(4), pages 55-62.
    11. Alptekin Ulutaş & Ayşe Topal & Dragan Pamučar & Željko Stević & Darjan Karabašević & Gabrijela Popović, 2022. "A New Integrated Multi-Criteria Decision-Making Model for Sustainable Supplier Selection Based on a Novel Grey WISP and Grey BWM Methods," Sustainability, MDPI, vol. 14(24), pages 1-20, December.
    12. Fu, Fangjian & Lin, Leming & Officer, Micah S., 2013. "Acquisitions driven by stock overvaluation: Are they good deals?," Journal of Financial Economics, Elsevier, vol. 109(1), pages 24-39.
    13. Tiantian Gu & Anand Venkateswaran, 2018. "Firm-supplier relations and managerial compensation," Review of Quantitative Finance and Accounting, Springer, vol. 51(3), pages 621-649, October.
    14. Omaima A.G. Hassan & Peter Romilly, 2018. "Relations between corporate economic performance, environmental disclosure and greenhouse gas emissions: New insights," Business Strategy and the Environment, Wiley Blackwell, vol. 27(7), pages 893-909, November.
    15. Chenini Hajer & Jarboui Anis, 2018. "Analysis of the Impact of Governance on Bank Performance: Case of Commercial Tunisian Banks," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 9(3), pages 871-895, September.
    16. Kuang, Yu Flora & Qin, Bo, 2009. "Performance-vested stock options and interest alignment," The British Accounting Review, Elsevier, vol. 41(1), pages 46-61.
    17. Claus Dierksmeier, 2011. "The Freedom–Responsibility Nexus in Management Philosophy and Business Ethics," Journal of Business Ethics, Springer, vol. 101(2), pages 263-283, June.
    18. Charlie Weir & Oleksandr Talavera & Alexander Muravyev, 2011. "The Return on Human Capital: the Case of UK Non-executive Directors that are also Executive Directors," University of East Anglia Applied and Financial Economics Working Paper Series 029, School of Economics, University of East Anglia, Norwich, UK..
    19. Lex Borghans & Bas ter Weel, 2011. "Computers, skills and wages," Applied Economics, Taylor & Francis Journals, vol. 43(29), pages 4607-4622.
    20. Zhenying Zhao & Michael Ball & Masahiro Kotake, 2005. "Optimization-Based Available-To-Promise with Multi-Stage Resource Availability," Annals of Operations Research, Springer, vol. 135(1), pages 65-85, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:15:y:2023:i:22:p:15930-:d:1279928. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.