Identifying and Ranking Suppliers' Resilience Evaluation Criteria in the Natural Stone Industry conducted in summer 2022

?Preface

In the current business landscape, organizations must carefully choose suppliers that can withstand a range of risks and disruptions. This topic has garnered significant interest from researchers and business owners alike, recognizing that supplier resilience is critical to maintaining successful and sustainable supply chains.

?The study and Results

A recent study conducted in the natural stone industry identified flexibility, speed, and financial performance as the most important criteria for assessing supplier resilience. As supply chains continue to grow in complexity, businesses are increasingly seeking suppliers that can withstand and recover from various disruptions.

?The supplier resilience evaluation criteria outlined in this study can be applied to assess client resilience in other industries with minor modifications. The best-worst multi-criteria decision-making method is a novel approach recommended for evaluating customer resilience in various industries.

?When selecting and establishing long-term supplier relationships, it is advisable to prioritize flexibility, speed, and financial performance. Business owners should also prioritize enhancing their awareness of resilience and its criteria, as well as providing education and training to their personnel to navigate an increasingly complex and disruptive business environment. By taking these proactive measures, organizations can ensure that they are well equipped to weather any potential risks or disruptions that may come their way.

?Additional Information

To gain more knowledge,? you can access to the full paper with the mentioned citation :?

Hajian Heidar, M., Mirzaaliyan, M. (2022). Identifying and Ranking Suppliers' Resilience Evaluation Criteria in the Natural Stone Industry, Journal of Industrial Management Studies, 20(65), 113-142.

?

?