Supplier Selection is one of the most studied areas in management and decision sciences. However, it is still a highly problematic subject since decision-makers take an educated guess after a certain stage in real life practices. In order to overcome the problems, decision makers should focus their attention on the first stage of the selection process, criteria determination, as the quality of the selection phase heavily depends on the first stage. Additionally, strategic fitness in supplier selection is also not much considered in the literature and real life practices. However, looking for conformity of supplying organizations with corporate strategies of buying organization is crucial for the success and leadership of the buying organization. Therefore, this paper intends to determine the most influential corporate strategy based supplier pre-qualification criteria. Data acquisition phase of the Delphi technique was used for determining criteria and fuzzy relational maps was used for relating criteria with corporate strategies. All data were collected from a global Tier-1 manufacturing company in the automotive industry. The results show that the most important strategy based criteria were mainly about organizational and managerial characteristics of the company. Cost and price, which are considered very important in the literature and in real life practices, were determined as moderately important in strategic context. Companies need to focus their attention on criteria such as technical qualification of employees, continuous improvement systems, and communication abilities when pre-qualifying suppliers
The roof matrix represents correlations among engineering characteristics (EC) in the house of quality (HoQ) in Quality Functions Deployment (QFD). Correlations are usually measured qualitatively and omitted in the analysis. However, ignoring them may cause duplication of effort, decreased product performance, and unsatisfied customer requirements (CR). Hence, this paper intends to propose an approach to considering the correlations quantitatively. Fuzzy Cognitive Maps (FCM) were used for this purpose. Additionally, Axiomatic Design (AD), for examining relationships between CRs and ECs, and Fuzzy Analytic Hierarchy Process (FAHP) with the Extent Analysis (EA) were used for checking the consistency of the evaluations. The proposed approach was applied in a sheet metal die-making company for ranking CRs and ECs. Results show that FCM enables analysing the quantitative roof matrix practically. The square roof matrix that supports FCM's adjacency matrix structure successfully represents asymmetric relationships among ECs. Integrating the correlations into the analysis resulted in a change in the final ranking. It also helped determine the most manageable ECs, better satisfiable CRs, and most critical/least manageable ECs.
The rapid increase in bad loans caused banks to be more cautious and selective for minimizing their risks. However, although banks make the lending decision by using quantitative financial criteria, the final decision step is usually intuitive/judgemental when the offer does not meet the expectations of the customer. In this case, the success of the decision directly depends on the experience of the bank personnel or unit manager. Such an application may lead to decisions that do not comply with a specific standard/rule and result in default. One of the ways to eliminate these drawbacks is to standardize and automate the final decision phase within the framework of some subjective rules determined with common sense by the top management of the bank. Fuzzy logic allows quantitative analysis of subjective judgments and qualitative criteria. In this context, the aim of the study is to examine how fuzzy logic approaches can be used in the final step of lending decisions. A hypothetical lending decision was modeled and resolved using fuzzy linguistic qualifiers, fuzzy propositions, and fuzzy logic control systems. As a result, the fuzzy rule base of the control system that was visualized with MATLAB made it possible to examine the impact of different levels of subjective evaluation scores on the final decision. Also, decision fields and customer groups could be created with the pseudo-code surface images.
In the late 1980s, the proportion of outsourced materials in the cost of high-tech products was around 80%. In this respect, with increasing globalization and ever-expanding supply chains, interdependencies between organizations have increased and the selection of suppliers has become more important than ever. This exploratory research study intends to develop a novel approach for a specific type of supplier selection problem which is supplier pre-evaluation. A two-staged multi-layered feed forward neural networks (NN) algorithm for pattern recognition was used to pre-evaluate suppliers under strategy-based organizational and technical criteria. Data for training, validation and testing the network were collected from a global Tier-1 manufacturing company in the automotive industry. The results show that the proposed approach is able to classify candidate suppliers into three separate groups of risky, potential or preferred. With this classification, it becomes feasible to eliminate risky suppliers before doing business with them.
Brand extension strategy which means using the current brand name when offering new products for the market, has become a frequently used branding strategy for firms since 1980s. Brand extension strategy is an appealing strategy for many firms since it helps reducing costs of creating a new brand and benefiting from the parent brand's brand equity. Thus, it is crucial for companies to understand the antecedents of brand extension success especially in athletic footwear segment that targets mostly young consumers.The aim of this study is to explore the relationships among the antecedents of brand extension success from the generation Y cohort's perspective on an athletic footwear brand and to propose marketing strategies. The proposed model aims to examine the relationships among success factors such as "parent brand's perceived quality", "perceived fit between parent brand and extension brand" and "perceived risk". For testing the proposed model in this study, a brand existing in the athletic footwear sector was determined. It is a very popular and favorable brand especially among the generation Y cohort. A hypothetical product was chosen for those consumers and collected data is analyzed by means of structural equation modelling. The sample is composed of university students in Bursa. This study is expected to make academic and practical contributions to the existing branding literature and the companies in athletic footwear industry, Turkey in particular.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.