FRAMEWORK FOR SUPPLIER FINANCIAL RESILIENCE EVALUATION

1 DONOCIKOVÁ Eva
Co-authors:
1 LENORT Radim 1 WICHER Pavel
Institution:
1 VSB - Technical University of Ostrava, Ostrava, Czech Republic, EU, eva.donocikova@boschrexroth.cz, radim.lenort@vsb.cz, pavel.wicher@vsb.cz
Conference:
23rd International Conference on Metallurgy and Materials, Hotel Voronez I, Brno, Czech Republic, EU, May 21 - 23, 2014
Proceedings:
Proceedings 23rd International Conference on Metallurgy and Materials
Pages:
1669-1672
ISBN:
978-80-87294-52-9
ISSN:
2694-9296
Published:
18th June 2014
Proceedings of the conference were published in Web of Science and Scopus.
Metrics:
352 views / 98 downloads
Abstract

Responsible management and all-risks assessment is of crucial and key importance for every company. Harmonizing demand and offer is a real challenge for every business, yet it is even harder in today’s very insecure and quickly changing environment. Suppliers and supplier chains are the backbone of global economy; customer requirements are practically borderless; product life cycles are diminishing faster than in the past; prices of commodities and currency fluctuations or natural disasters or terrorist acts may completely disrupt planning and production systems. All of the above calls for a better strategy combined with supplier resilience. The aim of the article is to draw up a draft framework for measuring the resilience of industrial suppliers from the perspective of financial strength.

Keywords: Resilience, financial strength, industrial supplier

© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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