Practices and strategies for global sourcing and supply chain management: a Pareto analysis and MOORA a mixed method approach

Abstract

Purpose This study aims to identify and prioritize the key practices and strategies for effective global sourcing and supply chain management (SCM). Design/methodology/approach The study uses a combination of Pareto analysis and multi-objective optimization based on ratio analysis research methodology to analyze and establish the relationships among the identified key practices and strategies. Pareto analysis enables organization to prioritize organizational efforts and resources by focusing on the most critical factors. Findings The study shows that the “eco-friendly sourcing strategy”, “lean manufacturing” and “tool cost analysis” are the top critical practices and strategy variables for global sourcing and SCM, whereas the “risk management”, “procurement strategy” and “leverage digital solutions” are the critical practices and strategy variables. Research limitations/implications The findings of this research can also assist organizations in making informed decisions to optimize their global sourcing and supply chain operations. Originality/value By using these methods, this research paper gives valuable insights into the critical practices and strategies that can enhance efficiency, mitigate risks and drive success in global sourcing and SCM. The subjects and elements this study identified will serve as a framework and suggestions for further theoretical investigation and real-world implementations.