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Innovations in Supplier Evaluation: Frameworks and Techniques for Supply Chain Resilience

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  • Ekene Cynthia Onukwulu

    (Kent Business School, University of Kent, Canterbury, United Kingdom)

  • Mercy Odochi-Agho

    (Independent Researcher, Port Harcourt, Nigeria)

  • Nsisong Louis Eyo-Udo

    (Ulster University, United Kingdom)

Abstract

This study explores the critical dimensions of supplier evaluation in supply chain management, focusing on sustainability, risk assessment, technological advancements, and cross-functional collaboration. The primary objective is to comprehensively analyze supplier evaluation processes and identify strategies for enhancing supplier selection and performance. Using a qualitative research approach, the study draws on secondary data from scholarly articles, industry reports, and case studies. Thematic analysis was employed to identify key themes, allowing for a structured examination of supplier evaluation frameworks. The findings highlight the increasing prominence of sustainability in supplier evaluation, with firms integrating environmental, social, and governance (ESG) criteria into their selection processes. Risk assessment has also become critical, with companies assessing operational, financial, and geopolitical risks to ensure supply chain resilience. Technological advancements, including AI, machine learning, and blockchain, have transformed supplier evaluation by enabling predictive analytics, real-time monitoring, and enhanced transparency. Cross-functional collaboration was essential for achieving a holistic supplier evaluation, as it integrates diverse perspectives from procurement, operations, quality control, and risk management. This study underscores the need for firms to adopt a dynamic, data-driven, and collaborative approach to supplier evaluation. The insights provide practical implications for organizations aiming to enhance supply chain performance, improve supplier accountability, and achieve sustainable business practices. By addressing research gaps and proposing future research directions, this study contributes to the academic discourse on supplier evaluation and offers actionable strategies for practitioners.

Suggested Citation

  • Ekene Cynthia Onukwulu & Mercy Odochi-Agho & Nsisong Louis Eyo-Udo, 2024. "Innovations in Supplier Evaluation: Frameworks and Techniques for Supply Chain Resilience," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 11(12), pages 610-623, December.
  • Handle: RePEc:bjc:journl:v:11:y:2024:i:12:p:610-623
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    References listed on IDEAS

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    1. Kerui Yu & Qun Wu & Xiaoqing Chen & Weizhong Wang & Abbas Mardani, 2024. "An integrated MCDM framework for evaluating the environmental, social, and governance (ESG) sustainable business performance," Annals of Operations Research, Springer, vol. 342(1), pages 987-1018, November.
    2. Sisira Kumara Naradda Gamage & EMS Ekanayake & GAKNJ Abeyrathne & RPIR Prasanna & JMSB Jayasundara & PSK Rajapakshe, 2020. "A Review of Global Challenges and Survival Strategies of Small and Medium Enterprises (SMEs)," Economies, MDPI, vol. 8(4), pages 1-24, October.
    3. Shuqi Lou & Xiaoyue You & Tao Xu, 2024. "Sustainable Supplier Evaluation: From Current Criteria to Reconstruction Based on ESG Requirements," Sustainability, MDPI, vol. 16(2), pages 1-23, January.
    4. Kamar Zekhnini & Abla Chaouni Benabdellah & Anass Cherrafi, 2024. "A multi-agent based big data analytics system for viable supplier selection," Journal of Intelligent Manufacturing, Springer, vol. 35(8), pages 3753-3773, December.
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