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Supply Contracting Under Information Asymmetry and Delivery Performance Consideration

  • Fuqiang Zhang
Chapter

Abstract

A global economy and rapidly-changing market conditions have greatly intensified industry competition. This, in turn, has led to an ever-increasing level of outsourcing/offshoring activities by firms in order to gain cost advantage and market share [35, 40]. According to the Department of Commerce [29], typical US manufacturers spend more than half of their revenue on goods and services obtained from external suppliers. As a result, supply management has become a significant issue for many companies that rely more on their suppliers for the delivery of components, products, and services. When sourcing from outside suppliers, a buyer should consider both price and non-price factors.

Keywords

Supply Chain Delivery Performance Optimal Mechanism Cost Uncertainty Procurement Price 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag London Limited 2012

Authors and Affiliations

  1. 1.Olin Business SchoolWashington UniversitySt. LouisUSA

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