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Designing Vendor Networks for Dual-Sourcing Resilience

Author(s) Pawankumar Suresh
Country India
Abstract The demand for robust vendor network architectures has grown because of the heightened vulnerability of international supply chains to disruptions ranging from natural disasters to geopolitical and regulatory risks. Ideally in its best form dual-sourcing strategies hit the middle ground between ensuring service levels and being cost-effective. To develop vendor networks that integrate dual and multi-sourcing strategies without contravening regulatory compliance this paper provides a comprehensive framework. Using simulation-based modeling reliability analysis and dynamic risk assessment the proposed framework minimizes supply disruptions and controls cost escalation. The applicability of intelligent sourcing methods in ensuring supply chain continuity reducing lead time variability and safeguarding against systemic shocks is evidenced by real-life case citations. According to the findings, sourcing flexibility and regulatory compliance do not have to be mutually exclusive goals; rather, they can be balanced in a well-planned dual-sourcing strategy to improve resilience. This research offers useful insights and a paradigm for decision-making that balances resilience with long-term operational performance to managers, lawmakers, and supply chain architects.
Keywords regulatory constraints, vendor networks, supply chain interruptions, risk reduction, service-level dependability, and cost optimization resilience of the supply chain resiliency through dual sourcing and sustainable operations.
Field Medical / Pharmacy
Published In Volume 3, Issue 7, July 2022
Published On 2022-07-07
DOI https://doi.org/10.5281/zenodo.17205193
Short DOI https://doi.org/g943m4
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