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Measuring the risk of sourcing from low cost countries: a macro perspective

机译:衡量从低成本国家/地区采购的风险:宏观角度

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摘要

In times of global financial crisis, every penny counts. Given the mounting cost pressure, a growing number of multinational firms (MNFs) have turned their eyes toward low cost countries where they can get access to cheaper materials and labour. However, an indiscreet strategy of sourcing from low cost countries can backfire, since a multitude of invisible supply chain risks may incur hidden costs and subsequently offset cost saving opportunities. Examples of such risks include long lead time, volatile foreign currency exchange, custom duties, greasy payment, regulatory restrictions, damage/loss during transit, communication barriers, and lax quality standards. Considering the potential impact of these risks on global sourcing, this paper aims to identify risk factors that significantly hinder the effectiveness and efficiency of sourcing from low cost countries and then measure the degree of association between these risk factors and the income level of countries. The secondary data analyses show mixed results by either defying the common sense or corroborating the findings of earlier studies underscoring the problems of sourcing from low cost countries.
机译:在全球金融危机时期,每一分钱都至关重要。鉴于不断增加的成本压力,越来越多的跨国公司(MNF)将目光投向了低成本国家,在这些国家,他们可以获得廉价的材料和劳动力。但是,不明智的从低成本国家进行采购的策略可能适得其反,因为许多无形的供应链风险可能会招致隐藏成本,从而抵消节省成本的机会。此类风险的示例包括交货期长,外汇汇率波动,关税,油腻的付款,监管限制,运输过程中的损坏/损失,通信障碍和质量标准宽松。考虑到这些风险对全球采购的潜在影响,本文旨在确定显着阻碍从低成本国家采购的有效性和效率的风险因素,然后衡量这些风险因素与国家收入水平之间的关联程度。二级数据分析通过违背常识或证实早期研究的结果,显示了混合的结果,这些研究强调了从低成本国家采购的问题。

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