Version 1
: Received: 9 July 2024 / Approved: 9 July 2024 / Online: 9 July 2024 (11:11:25 CEST)
How to cite:
Cooper, M. Understanding Supplier Selection Criteria: Perspectives from Procurement Professionals in Diverse Industries. Preprints2024, 2024070744. https://doi.org/10.20944/preprints202407.0744.v1
Cooper, M. Understanding Supplier Selection Criteria: Perspectives from Procurement Professionals in Diverse Industries. Preprints 2024, 2024070744. https://doi.org/10.20944/preprints202407.0744.v1
Cooper, M. Understanding Supplier Selection Criteria: Perspectives from Procurement Professionals in Diverse Industries. Preprints2024, 2024070744. https://doi.org/10.20944/preprints202407.0744.v1
APA Style
Cooper, M. (2024). Understanding Supplier Selection Criteria: Perspectives from Procurement Professionals in Diverse Industries. Preprints. https://doi.org/10.20944/preprints202407.0744.v1
Chicago/Turabian Style
Cooper, M. 2024 "Understanding Supplier Selection Criteria: Perspectives from Procurement Professionals in Diverse Industries" Preprints. https://doi.org/10.20944/preprints202407.0744.v1
Abstract
This qualitative study explores supplier selection criteria from the perspectives of procurement professionals across diverse industries. Supplier selection is crucial for organizational efficiency and performance, influenced by factors beyond traditional cost considerations. The research aims to uncover nuanced criteria such as quality assurance, supplier reliability, innovation capability, sustainability practices, strategic alignment, relational dynamics, and risk management strategies. These criteria reflect a shift towards holistic evaluation frameworks that integrate economic, social, and environmental dimensions in procurement decision-making. Methodologically, the study employed semi-structured interviews with 30 procurement professionals, ensuring depth and diversity in perspectives. Thematic analysis was used to identify recurring themes and patterns, illuminating the complexities and strategic importance of supplier selection processes. Findings highlight the strategic role of suppliers in driving innovation, enhancing supply chain resilience, and supporting organizational goals. Moreover, the study underscores the significance of sustainable sourcing practices, ethical considerations, and effective supplier relationships in fostering long-term partnerships and mitigating operational risks. Practical implications suggest that organizations should adopt integrated approaches to supplier selection, leveraging data-driven insights and technological advancements to optimize decision-making. By prioritizing strategic alignment, fostering collaborative partnerships, and implementing robust risk management strategies, organizations can navigate uncertainties, capitalize on market opportunities, and sustain competitive advantage.
Business, Economics and Management, Business and Management
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
