Supplier Intelligence In MRO Procurement

This paper explores the requirements for long term sustainable procurement practices. In the procurement of very expensive plant and equipment, MRO and the very long term continued availability of parts and components is very critical. Sustainable procurement practices are also critical in the conti...

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Bibliographic Details
Main Author: Jeeva, Ananda
Other Authors: Runtong Zhang
Format: Conference Paper
Published: IEEE Intelligent Transport Systems Society (IEEE/ITSS) 2008
Subjects:
Online Access:http://hdl.handle.net/20.500.11937/27124
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author Jeeva, Ananda
author2 Runtong Zhang
author_facet Runtong Zhang
Jeeva, Ananda
author_sort Jeeva, Ananda
building Curtin Institutional Repository
collection Online Access
description This paper explores the requirements for long term sustainable procurement practices. In the procurement of very expensive plant and equipment, MRO and the very long term continued availability of parts and components is very critical. Sustainable procurement practices are also critical in the continued non-disruption of critical parts and components in a manufacturing process. It proposes that procurement personnel and practices must have appropriate information and data of their prime suppliers of critical components, sub-assemblies and parts. Current research and literature search indicates there is very little publication and research investigating supplier intelligence (SI) in the context of the suppliers' suppliers' financial health, corporate governance, operating environment, capability, capacity and basic long term survival. This paper proposes the need for a conceptual model for gathering supplier's suppliers' intelligence for long term supplier relationship management; negotiation and contract management. The impetus for such information of a trading partner is becoming more critical since the collapse of large multi national corporations. Supplier intelligence is a fitness evaluation that enables the buyer to operationalise their long term procurement strategies with more certainty and lower risk. This paper also proposes how long term contractual terms and conditions may be designed taking into consideration of supplier's suppliers' profile to build superior supply chains and increase competitive advantage, hence a sourcing strategy.
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publishDate 2008
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spelling curtin-20.500.11937-271242017-01-30T12:57:02Z Supplier Intelligence In MRO Procurement Jeeva, Ananda Runtong Zhang MRO procurement supplier intelligence This paper explores the requirements for long term sustainable procurement practices. In the procurement of very expensive plant and equipment, MRO and the very long term continued availability of parts and components is very critical. Sustainable procurement practices are also critical in the continued non-disruption of critical parts and components in a manufacturing process. It proposes that procurement personnel and practices must have appropriate information and data of their prime suppliers of critical components, sub-assemblies and parts. Current research and literature search indicates there is very little publication and research investigating supplier intelligence (SI) in the context of the suppliers' suppliers' financial health, corporate governance, operating environment, capability, capacity and basic long term survival. This paper proposes the need for a conceptual model for gathering supplier's suppliers' intelligence for long term supplier relationship management; negotiation and contract management. The impetus for such information of a trading partner is becoming more critical since the collapse of large multi national corporations. Supplier intelligence is a fitness evaluation that enables the buyer to operationalise their long term procurement strategies with more certainty and lower risk. This paper also proposes how long term contractual terms and conditions may be designed taking into consideration of supplier's suppliers' profile to build superior supply chains and increase competitive advantage, hence a sourcing strategy. 2008 Conference Paper http://hdl.handle.net/20.500.11937/27124 IEEE Intelligent Transport Systems Society (IEEE/ITSS) fulltext
spellingShingle MRO
procurement
supplier intelligence
Jeeva, Ananda
Supplier Intelligence In MRO Procurement
title Supplier Intelligence In MRO Procurement
title_full Supplier Intelligence In MRO Procurement
title_fullStr Supplier Intelligence In MRO Procurement
title_full_unstemmed Supplier Intelligence In MRO Procurement
title_short Supplier Intelligence In MRO Procurement
title_sort supplier intelligence in mro procurement
topic MRO
procurement
supplier intelligence
url http://hdl.handle.net/20.500.11937/27124