Welcome to Francis Academic Press

International Journal of Frontiers in Sociology, 2022, 4(3); doi: 10.25236/IJFS.2022.040320.

Risk Management and Supplier Selection in International Procurement -- Taking International Engineering as an Example

Author(s)

Xinxiu Jiang

Corresponding Author:
Xinxiu Jiang
Affiliation(s)

School of Economics and Management, Lanzhou University of Technology, Lanzhou, China

Abstract

With the development of economic globalization, international procurement has become an important part of the operation of multinational enterprises. It can highlight its unique advantages in the process of enterprise operation, greatly control the production cost and optimize the allocation of resources, so as to improve the market position and enhance the overall strength. However, due to some restrictions and obstacles, there will be many and various risks in the process of international procurement. Therefore, if purchasing enterprises want to make great progress, it is extremely important to reasonably and correctly select high-quality suppliers. In the procurement of international projects, enterprises are equipped with targeted procurement risk countermeasures, such as accurate selection of suppliers to deal with some possible risks, so that enterprises can move forward steadily in the new era.

Keywords

International procurement, Risk management, Supplier selection, International Engineering

Cite This Paper

Xinxiu Jiang. Risk Management and Supplier Selection in International Procurement -- Taking International Engineering as an Example. International Journal of Frontiers in Sociology (2022), Vol. 4, Issue 3: 126-130. https://doi.org/10.25236/IJFS.2022.040320.

References

[1] Parisa Amirtash and Majid Parchami Jalal and Mostafa Babaeian Jelodar. (2010) Integration of project management services for International Engineering, Procurement and Construction projects. Built Environment Project and Asset Management, 11(2) , 330-349.

[2] Jian Chen. (2015) Supplier selection and risk management in international procurement. industrial, (9), 265.

[3] Shengchun Liu, Xiaoping Zhu. (2011) Research on the influencing factors and evaluation of supplier selection in international procurement environment. Journal of Anyang Institute of Technology.

[4] Yuexia Ding, (2019) Research on production and procurement strategy in Supply chain Management. Management science and Engineering, 8(1) , 80-88.

[5] Micheli, G. , Cagno, E. , & Zorzini, M. . (2008). Supply risk management vs supplier selection to manage the supply risk in the epc supply chain. Management Research News, 31(11), 846-866.