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Improving the Service Level by Implementing a Nearshoring Sourcing Strategy

Mayer, Tom (2022) Improving the Service Level by Implementing a Nearshoring Sourcing Strategy.

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Abstract:The purpose of the study was to assist the company in implementing a nearshoring sourcing strategy to increase their service level. For this, a literature review has been conducted to determine what factors or attributes parts and products should entail to be feasible for nearshoring. The resulting list consisted of the factors Confidentiality, Complexity, Value, Volume, and Weight. Next, another literature review provided insight into suitable supplier selection criteria. For this, Quality, Price, Financial Position, Service, and Sustainability have been chosen and made measurable through a series of attributes. Multi-criteria decision analysis, more specifically AHP, was applied to evaluate possible suppliers based on the chosen criteria and attributes. Its application resulted in a ranking of the chosen suppliers, which reflected the intuition of the decision-maker, thus validating the model. All the knowledge gained throughout the chapters led to the implementation plan, which mainly recommended the implementation of a categorization of the parts through means of a proper naming convention, and the implementation of an impact and feasibility factor, measuring the extent which a change in the sourcing strategy of a part could have on the service level, and the useability of a part for a nearshoring sourcing strategy respectively.
Item Type:Essay (Bachelor)
Clients:
Unknown organization, Netherlands
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:30 exact sciences in general, 85 business administration, organizational science
Programme:Industrial Engineering and Management BSc (56994)
Link to this item:https://purl.utwente.nl/essays/91970
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