Kotula, M; HO, W; Bogaschewsky, R; Essig, M; Lasch, R; Stölzle, W
(Springer Nature, 2014)
Strategic sourcing has increased in importance in recent years, and now plays an important role in companies’ planning. The current volatility in supply markets means companies face multiple challenges involving lock‐in situations, supplier bankruptcies or supply security issues. In addition, their exposure can increase due to natural disasters, as witnessed recently in the form of bird flu, volcanic ash and tsunamis. Therefore, the primary focus of this study is risk management in the context of strategic sourcing. Few studies discovered the real risk impact and status of risk management in strategic sourcing, and evaluation across countries within the electronics manufacturing sector. This study contributes findings from twenty cases across Germany and the United Kingdom. These are based on the validation of contemporary requirements and a critical evaluation of the existing situation. The development of a risk‐oriented strategic sourcing framework considering two risk portfolios is the primary contribution, which allows a structured process to manage risk in strategic sourcing. Further, the findings highlight, which supplier selection criteria are applied and identify a missing link to critical success factors.