Journal ArticleDOI
Vendor Selection Using Principal Component Analysis
Alberto Petroni,Marcello Braglia +1 more
TLDR
In this paper, an alternative decision model is presented to evaluate the relative performance of suppliers that have multiple outputs and inputs, based on a multivariate statistical method, principal component analysis, that uses information obtained from eigenvalues to combine different ratio measures defined by every input and every output.Abstract:
SUMMARY
Purchasing managers need to periodically evaluate supplier performance in order to retain those suppliers which meet their requirements in terms of several performance criteria. The evaluation element typically consists of identifying the attributes, criteria, or factors relevant to the decision and then measuring or rating each vendor by considering each of the relevant factors. A critical part of the overall supplier selection process is the determination of the relative importance of each of the factors. This article presents an alternative decision model to evaluate the relative performance of suppliers that have multiple outputs and inputs. This approach is based on a multivariate statistical method, principal component analysis, that uses information obtained from eigenvalues to combine different ratio measures defined by every input and every output. The method has been employed to aggregate multiple performance measures for a real-world data set of suppliers of a medium-sized firm operating in the bottling machinery industry.read more
Citations
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Journal ArticleDOI
A review of methods supporting supplier selection
TL;DR: In this paper, a review of decision methods reported in the literature for supporting the supplier selection process is presented, based on an extensive search in the academic literature, and the proposed methods specifically accommodate for buying situations for which few or no decision models were published so far.
Journal ArticleDOI
A Model for Strategic Supplier Selection
Joseph Sarkis,Srinivas Talluri +1 more
TL;DR: In this article, a supplier selection model for evaluation and selection of suppliers considers multiple factors that include strategic, operational, tangible, and intangible measures, and allows for input from a variety of managerial decisionmaking levels and considers the dynamic aspects of the competitive environment in evaluating suppliers.
Journal ArticleDOI
Supplier selection and order lot sizing modeling: A review
TL;DR: A literature review that covers the entire purchasing process, considers both parts and services outsourcing activities, and covers internet-based procurement environments such as electronic marketplaces auctions is presented.
Journal ArticleDOI
Supplier selection with multiple criteria in volume discount environments
Weijun Xia,Zhiming Wu +1 more
TL;DR: In this paper, an integrated approach of analytical hierarchy process improved by rough sets theory and multi-objective mixed integer programming is proposed to simultaneously determine the number of suppliers to employ and the order quantity allocated to these suppliers in the case of multiple sourcing, multiple products, with multiple criteria and with supplier's capacity constraints.
Journal ArticleDOI
A hybrid MCDM model for strategic vendor selection
Huan-Jyh Shyur,Hsu-Shih Shih +1 more
TL;DR: A hybrid model for supporting the vendor selection process in new task situations by the combined use of the multi-criteria decision-making approach and a proposed five-step hybrid process that incorporates the technique of an analytic network process (ANP).
References
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Journal ArticleDOI
Vendor selection criteria and methods
TL;DR: This paper reviews, annotates, and classfies 74 related articles which have appeared since 1966 and specific attention is given to the criteria and analytical methods used in the vendor selection process.
Journal ArticleDOI
A framework for quality management research and an associated measurement instrument
TL;DR: An emergent theory of quality management is proposed and links it to the literature, and a set of reliable and valid scales was developed that may be used by other researchers for hypothesis testing and by practitioners for assessing quality management practices in their plants and for internal and external benchmarking.
Journal ArticleDOI
Vendor Selection Using Interpretive Structural Modelling (ISM)
Anukul Mandal,S.G. Deshmukh +1 more
TL;DR: In this article, an interpretive structural model (ISM) is developed to show the inter-relationship of different criteria and their levels of importance in the vendor selection process, revealing that attitude and willingness for business and after sales service are as important factors as quality, delivery and practice.
Journal ArticleDOI
A Model of Industrial Buyer Behavior
TL;DR: Although industrial market research has generated large data banks on organizational buyers, very little from the existing data seems helpful to management as mentioned in this paper, and what is needed before more data is colle...