Supplier selection has been the focus of researchers and practitioners in the past studies on supply-chain management. Numerous multiple criteria decision-making approaches have been used to select the supplier and allocate an appropriate quota to them. This paper tries to illustrate a case of supplier selection and quota allocation under uncertain conditions for the success of Supply Chain (SC). Integration of standard scores (z-value) and linear programming are proposed in integrated form to consider both tangible and intangible factors in choosing the best vendors and placing the optimum order quantities among them using fuzzy mathematical approach. This approach can help the management in deciding the quota for different vendors under multiobjectives and uncertain conditions.
- Inderscience Publishers
- Fuzzy statistical approach for vendor selection in supply chain
Run the supply chain of tomorrow
Internet of Things for your inventory control If you want to make effective decisions, the availability of high-quality online and real-time data is essential. From simple monitoring and visualization of tanks and silos through to monitoring on a global scale: Our modular solutions for inventory control guarantee complete inventory visibility 24 hours a day, 7 days a week, anywhere in the world. We help to reduce complexities in logistics and supply chains which are troubling a large number of companies from...
3 Characteristics of The Modern Supply Chain
Today having a modern and agile supply chain can mean the difference between staying afloat and sinking. Over 80% of businesses reportexperiencing at leastone supply chain disruption in 2014. With constant and rapidly changing market conditions, organizations need to be lean and flexible in order to respond to disruptions quickly and effectively. Organizations who adopt modern supply chain practices that areflexible,account for disruptions, and leverage new technology fair better in the long run. Let’s...
Increasing Environmental Commitment in Supply Chain Performance Management
In 2015, China reinforced its environmental policies and laws, strengthening air and water pollution controls. Trend toward Environmental Commitment Almost immediately, polluters found themselves subject to litigation, for example, a group of chemical companies subjected to compensation demands for about US$26 million (1). China is supporting victims of air and water pollution by actively clamping down on polluters and forcing them to comply with environmental regulations. Other countries are implementing...
Policy Management – DCSCA – Drug Supply Chain Integrity
When the Drug Quality and Security Act (DQSA) was signed by President Obama on November 27, 2013, advocates hoped that the confusing patchwork of State laws governing drug pedigree and tracing would finally be replaced by a comprehensive solution for the ‘3T’s’ (Transaction History, Transaction Statement, and Transaction Information) of the increasingly complex pharmaceutical supply chain. Title II of DQSA, theDrug Supply Chain Security Act(DSCSA) focused on building “an electronic,...
How to avoid buying in supply chain risk
In an article first published on the Supply Management blog, Altius Managing Director Gary Plant advises on six vital steps procurement managers can take to cut supplier risk. A survey of Chief Procurement Officers (CPOs) has revealed that supplier risk is a major concern. 45% of CPOs responding to the Global Procurement & Strategic Sourcing Data Survey conducted by Consero Group, named vendor threats as their biggest worry. Consero chief executive Paul Mandell, highlighted the need for CPOs to ensure...