Cross-Border Supplier Relationship Management Frameworks for Pharmaceutical and Global Construction Sectors
Abstract
Globalization has intensified the interdependence of supply chains across borders, making supplier relationship management (SRM) a critical competency for industries operating in highly regulated and dynamic environments. Among these, the pharmaceutical and global construction sectors stand out due to their complex supply bases, stringent regulatory frameworks, and exposure to geopolitical and logistical uncertainties. Cross-border supplier relationship management (CBSRM) frameworks are essential in navigating these complexities, enabling firms to balance compliance, risk management, cost efficiency, and innovation. This paper provides a comprehensive, literature-based analysis of CBSRM frameworks developed up to 2024, with a specific focus on the pharmaceutical and construction industries. Drawing on diverse theoretical perspectives and empirical evidence, the paper traces the evolution of SRM from transactional to strategic models, highlights methodological advancements, and examines the integration of digital technologies, sustainability imperatives, and risk mitigation strategies. The analysis demonstrates that while both sectors share common challenges as reliance on global suppliers, vulnerability to disruptions, and pressure for cost-effectiveness pharmaceutical industry emphasizes regulatory compliance, quality assurance, and intellectual property protection, whereas the construction industry focuses on project-based collaboration, logistics, and cost-risk optimization. By synthesizing these insights, the study identifies opportunities for developing integrative frameworks that combine risk-resilient, technology-enabled, and sustainability-oriented approaches. This review contributes to advancing both academic debates and managerial practices, offering a roadmap for designing robust CBSRM frameworks capable of addressing the evolving demands of cross-border supply chain management in critical industries.
How to Cite This Article
Olatunde Taiwo Akin-Oluyomi, Michael Efetobore Atima, Oluwafunmilayo Kehinde Akinleye (2024). Cross-Border Supplier Relationship Management Frameworks for Pharmaceutical and Global Construction Sectors . International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE), 5(6), 1709-1718. DOI: https://doi.org/10.54660/.IJMRGE.2024.5.6.1709-1718