Content Analysis: Supplier Selection Process using Multi-criteria approaches (original) (raw)
Related papers
Supplier Selection by Using Multi Criteria Decision Making Methods
2014
In the present study an efficient multi criteria decision making (MCDM) approach has been proposed for quality evaluation and performance appraisal in supplier selection. Supplier selection is a multi-criteria decision making problem influenced by multiple performance criteria.These criteria's/attributes may be both qualitative as well as quantitative .Qualitative criteria estimates are generally based on previous experience and expert opinion on a suitable conversion scale.This conversion is based on human judgment.Therefore predicted result may not be accurate always because the method does not explore real data.These are analyzed by TOPSIS(Technique for order preference similarity to ideal solution), PROMETHEE(Preference Ranking Organization Method for Enrichment Evaluations) etc. In solution of MCDM problems there should be a common trend is to convert quantitative criteria values into an equivalent single performance index called Multi attribute performance index. MCDM meth...
Supplier Selection Using Multi-Criteria Decision-Making Methods
The IUP Journal of …, 2009
Abstract: Supplier selection is a continuous and never-ending process for acquiring the necessary raw materials and components to support the final output of business organizations. The suppliers are supposed to provide the required materials, products, ...
A review of multi-criteria decision making techniques for supplier evaluation and selection
2011
Supplier evaluation and selection has been a vital issue of strategic importance for long time. Different multi-criteria decision making (MCDM) approaches have been proposed by the researchers in past, to solve the supplier evaluation and selection problem. In this paper, we present a review of various MCDM methodologies reported in the literature for solving the supplier evaluation and selection process. The review is solely based on sixty-eight research articles, including eight review articles in the academic literature from 2000 to 2011. We try to find out the most prevalent approach in the articles and thereby present the future scope of arriving at an optimal solution to the problem, based on the specifications, the strategies and the requirements of the buyers. The study presents that with the change in processes and the requirements, how the approach of the manufacturing industry has shifted from striving for operational effectiveness to the strategic partnership in the dyadic relationship.
Multi-criteria decision making approaches for supplier evaluation and selection: A literature review
European Journal of Operational Research, 2010
Supplier evaluation and selection problem has been studied extensively. Various decision making approaches have been proposed to tackle the problem. In contemporary supply chain management, the performance of potential suppliers is evaluated against multiple criteria rather than considering a single factor-cost. This paper reviews the literature of the multi-criteria decision making approaches for supplier evaluation and selection. Related articles appearing in the international journals from 2000 to 2008 are gathered and analyzed so that the following three questions can be answered: (i) Which approaches were prevalently applied? (ii) Which evaluating criteria were paid more attention to? (iii) Is there any inadequacy of the approaches? Based on the inadequacy, if any, some improvements and possible future work are recommended. This research not only provides evidence that the multi-criteria decision making approaches are better than the traditional cost-based approach, but also aids the researchers and decision makers in applying the approaches effectively.
Selection of Suppliers through Different Multi-Criteria Decision Making Techniques
Abstracts -The main objective of the paper is to provide different multi-criteria decision making approach and to clarify the similarities and dissimilarities, advantages and disadvantages of the method in order to select the better supplier selection approach. An important problem in decision analysis is the evaluation of the difference between two or more different rankings for a set of alternatives. Since a qualified supplier is a key element and a good resource for a buyer in reducing such costs, evaluation and selection of the potential suppliers has become an important component of supply chain management. In this paper some multi-criteria decision making techniques such as Linear weighted method, Categorical method, Fuzzy approach, Analytical Hierarchical process (AHP)are discussed with example. The aim of this article is to understand the strategic operating decision area of the supplier selection process and to aid decision makers with varying degrees of importance to reach consensus in rating alternative suppliers.
A classification of multi-criteria and evaluation of supplier selection methods
2007
The purchasing function is increasingly seen as a strategic issue in organizations. With the increasing significance of the purchasing function, purchasing decisions become more important. As organizations become more dependent on suppliers the direct and indirect consequences of poor decision making become more severe. With new strategies for purchasing, suppliers play a key role in achieving corporate competition. Hence selecting the right suppliers is a vital component of these strategies. Thus, selecting the best supplier depends on the chosen suitable criteria and method. This paper extends previous reviews about classification of "extremely important" criteria for supplier selection. Also outranking and choosing methods concerning about supplier selection.
Selection of Potential Suppliers through Different Multi-Criteria Decision Making Techniques
Supplier selection is a continuous and never-ending process for acquiring the necessary raw materials and components to support the final output of business organizations. The suppliers are supposed to provide the required materials, products, components, parts or services within the scheduled time period in an efficient manner to the purchaser. There may be numerous suppliers in the market, but the selection of the most suitable supplier is the key to the success of the business organization. Thus, the main objective of this paper is to choose the highly potential suppliers through which all the goals of the organization can be achieved. For the selection of the potential supplier there have many common & advanced multi criteria decision making techniques such as weighted method, Categorical method, Fuzzy Approach, Analytical Hierarchical Process (AHP), Taguchi Loss Functions, and Interactive Selection Model etc. Among them two different Multi-Criteria Decision-Making (MCDM) methods are used to select potential suppliers which are Analytical Hierarchical Process (AHP) and Taguchi Loss Functions. In this context, a real time example is cited to illustrate the applicability and potentiality of these MCDM methods while solving supplier selection decision-making problems.
Supplier Selection Based on Multi-criteria for Multi-product: A Case Study
International Conference on Mechanical, Industrial and Energy Engineering,KUET, 2022
Now-a-days, owing to the development of information technology and the removal of trade barriers, the supplier selection issue is becoming increasingly popular. A sound supplier selection decision today can prevent a host of problem tomorrow. Supplier selection problems with numerous criteria are examples of the multi-criteria decision-making problems (MCDMs), which are highly challenging to solve. The purpose of this study is to select best suppliers using an MCDM technique considering few specific criteria. In this study, a Technique for Order Performance by Similarity to Ideal Solution (TOPSIS) method utilized to tackle a multi-supplier selection problem considering multi-criteria for multi-product. The different criteria considered to select the suppliers are cost, products quality, innovation and development capability, delay in delivery, delivery capability and flexibility, and lead time of the suppliers. The applicability of proposed method is validated by a case study on a transformer company named Energypac Engineering Ltd., Dhaka, Bangladesh. The findings obtained from the implementation show the applicability and efficiency of the proposed approach. The current study is a cutting-edge investigation that makes use of the TOPSIS method to resolve the supplier selection issue. This research not only clearly advances methodological selection of the best suppliers, but it can also be used by businesses as a decision-making tool and a management guide.
International Journal of Engineering Research and Technology (IJERT), 2014
https://www.ijert.org/a-review-paper-on-multicriteria-decision-making-approaches-and-criterion-used-in-supplier-selection-and-evaluation https://www.ijert.org/research/a-review-paper-on-multicriteria-decision-making-approaches-and-criterion-used-in-supplier-selection-and-evaluation-IJERTV3IS10857.pdf The objective of this paper is review of all developed appropriate methods and tools that deal with decision making problems in supplier selection. Supplier selection has become an important part of supply chain management and hence selecting and evaluating suppliers is complicated task due to the fact that various criterion must be considered in the decision making process. An extensive range of decision making methods have been suggested to handle the supplier selection problem by a large number of authors in this area. Review of international journal articles published between 2000 and 2013 have been surveyed for this purpose. The articles are observed and studied to summarize the existing methods and the repeatedly used most popular method is identified and presented in this paper. Finally, suggestions for future researches are proposed for the decision makers.