Supply chain management is concerned with the coordination of material and information flows in multi-stage production systems. Inventory management has long been treated as an isolated function solely focused on individual entities, taking into account concerned with single-vendor-single-buyer and single-vendormultiple-buyer-models. Concerning the supplier selection problem, quantitative model...

The success of an industry depends on optimization of product cost and for achieving above goal supplier selection should be error free and efficient. The supplier selection Problem is a multi objective problem involving both qualitative and quantitative factors. These factors and their interdependencies make the problem highly complex one. The supplier selection issue has been founded out as o...

Supplier selection is a multi-criteria decision making problem which includes evaluation factors. In order to select the best suppliers it is crucial to considering the both qualitative and quantitative factors simultaneously. In the supplier selection process, manager also has to consider multicriteria factors related. Thus the integration of all the multi-criteria analysis and those analysis ...

Sourcing professionals buy several trillion dollars worth of goods and services yearly. We introduced a new paradigm called expressive commerce and applied it to sourcing. It combines the advantages of highly expressive human negotiation with the advantages of electronic reverse auctions. The idea is that supply and demand are expressed in drastically greater detail than in traditional electron...

This paper formulates supplier evaluation and selection as a multi-criteria decision-making (MCDM) problem with subjective and fuzzy preferences of decision makers over evaluation criteria. As an outcome, this paper provides decision makers with a decision support system that presents the Pareto fronts, a set of best possible high-quality suppliers and optimized business operation levels from s...

recently, much attention has been given to stochastic demand due to uncertainty in the real -world. in the literature, decision-making models and suppliers' selection do not often consider inventory management as part of shopping problems. on the other hand, the environmental sustainability of a supply chain depends on the shopping strategy of the supply chain members. the supplier selection pl...

Supplier competition and investment of effort are important concerns in supply base design. They are affected not only by the number of suppliers, but also by their capacity profile. This paper studies supply base design in terms of the number and capacities of suppliers, considering both supplier competition and investment of cost-reduction effort. We analyze a buyer who invests in capacities ...

This article addresses the development of an integrated supplier selection and inventory control problems in supply chain management by developing a mathematical model for a multi-echelon system. In particular, a buyer firm that consists of one warehouse and N identical retailers wants to procure a product from a group of potential suppliers, which may require different price, ordering cost, le...