Sourcing Strategies of Manufacturing Firms: Transaction Cost Implications
Developing the right sourcing strategy in managing the firmÕs supplies is critical for todayÕs managers. They realize the long-term impact of their sourcing strategies (make or buy, supply-base structure, and nature of customer-supplier relationship) on the profits and the efficient functioning of the organization. The study examines and evaluates changes in these strategic choices. The study revealed the following: small and lower labor productivity firms rate their internal suppliers better than external suppliers; obtaining supplies nationwide from a limited number of suppliers is the prevalent supply-base structure; and customersupplier relationship is deepening.
Volume (Year): 16 (2001)
Issue (Month): 2 ()
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