The Effects of Coordination Mechanism on Vendor Buyer System of a Supply Chain

Hossain, Sumon; Uddin, Mohammed Forhad; Mondal, Manik

doi:10.1016/j.proeng.2017.08.181

Cited by 2 publications

(1 citation statement)

References 7 publications

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“…The vendor's role holds a position of prominence in the downstream sector. It surpasses the significance of the sales transaction process [3]. The ability to effectively navigate multiple downstream boundaries is directly correlated with the abundance of business prospects within supply chain pathways [4].…”

Section: Introductionmentioning

confidence: 99%

MCDM-AHP and PROMETHEE methods integrated for base service strategy vendor evaluation and selection

Akmaludin,

Samudi,

Palasara

et al. 2023

IJAAS

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Business competition is very important in controlling product-savvy customers. Strong basic service techniques will be the main factor that binds vendors as the final destination in the supply chain through the strength of business network processes. This research aims to create a strategic basis for evaluating and selecting vendors through the integration process services of the multi-criteria decision-making method analytic hierarchy process (MCDM-AHP) and preference ranking organization method for enrichment evaluation (PROMETHEE) methods. Empirical studies show how this approach can provide optimal decision support for the vendor evaluation and selection process. Eight different types of criteria are required in its apps and must be realized as a barometer of the strategic basis for selecting vendors so that business processes are of high quality. These criteria include quality of goods, payment methods, payment terms, minimum transactions, discounts, delivery times, inventory, and service. The optimal weight for each criterion will be determined based on its importance to the synthesis process and its feasibility tested using mathematical algebra matrices and expert choice apps. Decision-making was based on the results of ranking evaluation of selected vendors through the development of 342 preference matrices, ten vendors were deemed worthy of acceptance and nine other vendors were rejected.

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Section: Introductionmentioning

confidence: 99%