LSRM Practice

Description

Literature

Supply flexibility (SF)

· Price, quality, and production capability offered by suppliers.

· Delivery performance of suppliers.

· Innovation and co-design abilities of suppliers.

· Supplier capacity to respond flexibly to the firm’s requests.

· Supplier geographical location.

· Supplier reputation and financial position.

[12] [13] [37] [38] [39]

JIT delivery (JD)

· Delivery of small lot sizes in high frequency by suppliers.

· Delivery of the right quality of materials in the right quantity, right time, and right manner.

· Key suppliers are located in close proximity to the customer’s plant.

· The use of pull system for ordering from suppliers.

[26] [27] [31] [33] [40] [41] [42] [43]

Information

integration (II)

· Real time access of suppliers to the firm’s demand information, inventory levels, and production planning.

· Suppliers’ willingness to disclose cost and other information to the firm.

· Trust in shared information.

· Regular feedback from the firm on supplier performance.

· Training and development programs for continuous improvement of suppliers.

· Involvement of suppliers in new product development process.

[7] [12] [29] [31] [38] [41] [42] [43]

Supplier partnership (SP)

· Close contact with suppliers.

· Sign and commit to a long-term relationship with suppliers.

· Confidence in supplier reliability and integrity.

· High commitment.

· Regular meetings and joint projects with suppliers.

[12] [31] [43] [44] [45]