Literature review of current practices of supplier's assessment and valuation of decisions regarding underperforming suppliers

This article is a literature review that investigates current practices of supplier's delivery assessment and the valuation of management's decisions regarding underperforming suppliers. The development of this article is intended to aid as literary basis for future development of a comprehensive performance index and a cost function model. Derived from current literature, an underperforming supplier faces three potential outcomes: 1) switching...