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Managing supplier sustainability risks in a dynamically changing environment-Sustainable supplier management in the chemical industry

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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Managing supplier sustainability risks in a dynamically changing environment-Sustainable supplier management in the chemical industry. / Foerstl, K.; Reuter, C.; Hartmann, E. et al.
In: Journal of Purchasing and Supply Management, Vol. 16, No. 2, 30.06.2010, p. 118-130.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Foerstl, K, Reuter, C, Hartmann, E & Blome, C 2010, 'Managing supplier sustainability risks in a dynamically changing environment-Sustainable supplier management in the chemical industry', Journal of Purchasing and Supply Management, vol. 16, no. 2, pp. 118-130. https://doi.org/10.1016/j.pursup.2010.03.011

APA

Foerstl, K., Reuter, C., Hartmann, E., & Blome, C. (2010). Managing supplier sustainability risks in a dynamically changing environment-Sustainable supplier management in the chemical industry. Journal of Purchasing and Supply Management, 16(2), 118-130. https://doi.org/10.1016/j.pursup.2010.03.011

Vancouver

Foerstl K, Reuter C, Hartmann E, Blome C. Managing supplier sustainability risks in a dynamically changing environment-Sustainable supplier management in the chemical industry. Journal of Purchasing and Supply Management. 2010 Jun 30;16(2):118-130. Epub 2010 Apr 7. doi: 10.1016/j.pursup.2010.03.011

Author

Foerstl, K. ; Reuter, C. ; Hartmann, E. et al. / Managing supplier sustainability risks in a dynamically changing environment-Sustainable supplier management in the chemical industry. In: Journal of Purchasing and Supply Management. 2010 ; Vol. 16, No. 2. pp. 118-130.

Bibtex

@article{0bf8ed63a6da4ed79069528b6ba8e0c0,
title = "Managing supplier sustainability risks in a dynamically changing environment-Sustainable supplier management in the chemical industry",
abstract = "Varying definitions and interpretations of sustainability standards have become a major concern for purchasing and supply management (PSM). As the foremost interface to an increasingly global supply base, PSM plays an important role in the mitigation of sustainability-related risks. By conducting responsible purchasing and supplier management, the risk of corporate reputational damage to the buying firm, caused by supplier misconduct, can be avoided. However, resources for effective risk-mitigation are limited and the applicability of supply risk assessment and supplier assessment methods have not been evaluated for sustainability. In this paper, we explore how leading PSM functions identify, assess, and treat supplier sustainability risks and elaborate on the integration of sustainability risk management in supplier management processes. Based on the findings from a multiple case study in the chemical industry and by drawing on the dynamic capabilities view (DCV), we propose that mature and sustainable supplier management capabilities are a source of competitive advantage in terms of lower exposure to reputational risks and enhanced operational performance.",
keywords = "Supply risk management, Corporate social responsibility, Supplier management",
author = "K. Foerstl and C. Reuter and E. Hartmann and C. Blome",
year = "2010",
month = jun,
day = "30",
doi = "10.1016/j.pursup.2010.03.011",
language = "English",
volume = "16",
pages = "118--130",
journal = "Journal of Purchasing and Supply Management",
issn = "1478-4092",
publisher = "Elsevier Limited",
number = "2",

}

RIS

TY - JOUR

T1 - Managing supplier sustainability risks in a dynamically changing environment-Sustainable supplier management in the chemical industry

AU - Foerstl, K.

AU - Reuter, C.

AU - Hartmann, E.

AU - Blome, C.

PY - 2010/6/30

Y1 - 2010/6/30

N2 - Varying definitions and interpretations of sustainability standards have become a major concern for purchasing and supply management (PSM). As the foremost interface to an increasingly global supply base, PSM plays an important role in the mitigation of sustainability-related risks. By conducting responsible purchasing and supplier management, the risk of corporate reputational damage to the buying firm, caused by supplier misconduct, can be avoided. However, resources for effective risk-mitigation are limited and the applicability of supply risk assessment and supplier assessment methods have not been evaluated for sustainability. In this paper, we explore how leading PSM functions identify, assess, and treat supplier sustainability risks and elaborate on the integration of sustainability risk management in supplier management processes. Based on the findings from a multiple case study in the chemical industry and by drawing on the dynamic capabilities view (DCV), we propose that mature and sustainable supplier management capabilities are a source of competitive advantage in terms of lower exposure to reputational risks and enhanced operational performance.

AB - Varying definitions and interpretations of sustainability standards have become a major concern for purchasing and supply management (PSM). As the foremost interface to an increasingly global supply base, PSM plays an important role in the mitigation of sustainability-related risks. By conducting responsible purchasing and supplier management, the risk of corporate reputational damage to the buying firm, caused by supplier misconduct, can be avoided. However, resources for effective risk-mitigation are limited and the applicability of supply risk assessment and supplier assessment methods have not been evaluated for sustainability. In this paper, we explore how leading PSM functions identify, assess, and treat supplier sustainability risks and elaborate on the integration of sustainability risk management in supplier management processes. Based on the findings from a multiple case study in the chemical industry and by drawing on the dynamic capabilities view (DCV), we propose that mature and sustainable supplier management capabilities are a source of competitive advantage in terms of lower exposure to reputational risks and enhanced operational performance.

KW - Supply risk management

KW - Corporate social responsibility

KW - Supplier management

U2 - 10.1016/j.pursup.2010.03.011

DO - 10.1016/j.pursup.2010.03.011

M3 - Journal article

VL - 16

SP - 118

EP - 130

JO - Journal of Purchasing and Supply Management

JF - Journal of Purchasing and Supply Management

SN - 1478-4092

IS - 2

ER -