An analysis of the selection and evaluation of suppliers in low-cost countries
Fan, Zixi (2010)
Fan, Zixi
Jyväskylän ammattikorkeakoulu
2010
All rights reserved
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2010060711580
https://urn.fi/URN:NBN:fi:amk-2010060711580
Tiivistelmä
Abstract
The company Finnradiator in Suolahti has manufactured radiators for many worldwide automobile industries with a very long history. Over the years, this company has developed rapidly and expanded its business into many oversea markets. Nowadays, Finnradiator is aiming at manufacturing tailor-made radiators, coolers and heating systems with good a quality for their customers. Due to the large amount of material consuming, such as copper and aluminum, the company has to source raw materials from outside of Finland, especially from low-cost countries, so that maximize its profits through cutting down material costs. However, Finnradiator is presently worried about the unstable quality level of components from the low-cost countries.
The purpose of this thesis was to develop supplier evaluation and selection criteria in low-cost countries. The aim was to provide feasible plans for Finnradiator for choosing suitable suppliers who can offer good quality products as well as minimizing risks while sourcing from low cost countries.
In summary, a theoretical model was developed that provided possible solutions and advice for Finnradiator’s low-cost country sourcing strategy.
The company Finnradiator in Suolahti has manufactured radiators for many worldwide automobile industries with a very long history. Over the years, this company has developed rapidly and expanded its business into many oversea markets. Nowadays, Finnradiator is aiming at manufacturing tailor-made radiators, coolers and heating systems with good a quality for their customers. Due to the large amount of material consuming, such as copper and aluminum, the company has to source raw materials from outside of Finland, especially from low-cost countries, so that maximize its profits through cutting down material costs. However, Finnradiator is presently worried about the unstable quality level of components from the low-cost countries.
The purpose of this thesis was to develop supplier evaluation and selection criteria in low-cost countries. The aim was to provide feasible plans for Finnradiator for choosing suitable suppliers who can offer good quality products as well as minimizing risks while sourcing from low cost countries.
In summary, a theoretical model was developed that provided possible solutions and advice for Finnradiator’s low-cost country sourcing strategy.