INDUSTRIAL ENVIRONMENT SELECTION BY SOURCING STRATEGY IN THE CASE OF NORTH AFRICAN COUNTRIES

Csanád Sipos () and Domicián Máté
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Csanád Sipos: Department of Engineering Management, Faculty of Engineering, University of Debrecen, Debrecen, Hungary

Annals of Faculty of Economics, 2020, vol. 1, issue 1, 395-404

Abstract: As companies struggle to increase the number of customers, their strategic sourcing plays a vital role in the maintenance of their improving performance. The paper attempts to determine those macroeconomic factors (i.e. energy consumption, climate change, political stability etc.) for the international industrial companies that can contribute to the required quality and price of the goods produced in each examined countries. The indicators proposed are based on the World Bank’s competitiveness and governance pillars. In this study, the valuation of the listed factors based on automated ICTs technology. The assembly of the Robotic Process Automation (RPA) system is concentrated not only to collect the current information it is needed to compare the relevant aspects of the selected indicators but can support decision making or forecast trends for suppliers. Results clearly indicate which countries are recommended for the investments or searching of potential suppliers. The findings of this study also should make an important contribution to the field of supply management to identify future trade routes.

Keywords: Procurement; Sourcing strategy; RPA system; Competitiveness pillars (search for similar items in EconPapers)
JEL-codes: C81 H57 O13 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2020:i:1:p:395-404

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