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Strategic Goal Oriented Supplier Selection

Authors:
Chang Joo Yun
Chung-Hsing Yeh

Keywords: strategic suppliers; strategic goal oriented weighting method; Multi-criteria Decision Making

Abstract:
This paper develops a novel approach for selecting a strategic supplier that best meets both long-term strategic goals and short-term requirements of an auto parts manufacturing company in a supply chain. The relative importance value of the supplier selection criteria to the strategic goals is first assessed by identifying how the criteria contribute to the goals. Based on the relative importance value of the criteria to the goals, the criteria weights are obtained. This strategic goal oriented weighting method is incorporated into a Multi-criteria Decision Making (MCDM) model. The potential contribution of the suppliers to the strategic goals is evaluated by the MCDM model. An empirical study on the supplier selection problem of the auto parts company is conducted to demonstrate the applicability and effectiveness of the approach. The approach has general application in selecting a strategic supplier for a supply chain with various strategic goals and supplier selection criteria.

Pages: 202 to 207

Copyright: Copyright (c) IARIA, 2013

Publication date: July 21, 2013

Published in: conference

ISSN: 2308-4529

ISBN: 978-1-61208-283-7

Location: Nice, France

Dates: from July 21, 2013 to July 26, 2013