— Industry is more and more facing global competition and local volatility. To stay on the success path globally for long term international enterprises have to be present in all relevant markets and in all regions. Therefor a key success factor lies in the optimization of the global production foot print. Selection of new sites and evaluation of existing locations have become major relevant strategic decisions for a global company. The complexity of site related conditions necessitates a holistic set of selection criteria to reduce the risk of baseless, irreproducible or suboptimal decisions. The review of the current scientific literature shows, that the used sets of site selection criteria do not reflect in appropriate way the within industry very important new criteria “Compliance” in the meaning of “behavior concerning law and internal guidelines”. In this article it will be described shortly which doctrines are leading today in science, why compliance conformance has high importance for global enterprises in practical business live and why scientific as well as operational sets of selection criteria for global enterprises will have to be completed with aspects of compliance.
— Compliance, criteria, industry, localization theory, site selection.
Christian Schneider is with Slovak University of Technology in Bratislava, Institute of Industrial Engineering and Management, Trnava, Slovak Republic (e-mail: firstname.lastname@example.org).
Cite: Christian Schneider, " Compliance — Necessary Aspects for the Site Selection Process for an Industrial Company," International Journal of Innovation, Management and Technology vol. 6, no. 3, pp. 213-216, 2015.