Multi-Criteria Decision Making (MCDM) Model for Supplier Evaluation and Selection in the Supply Chain Management

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  • Multi-Criteria Decision Making (MCDM) Model for Supplier Evaluation and Selection in the Supply Chain Management Book Detail

  • Author : Nguyen Van Thanh
  • Release Date : 2020-04-30
  • Publisher :
  • Genre : Business & Economics
  • Pages : 62
  • ISBN 13 : 9781952751004
  • File Size : 88,88 MB

Multi-Criteria Decision Making (MCDM) Model for Supplier Evaluation and Selection in the Supply Chain Management by Nguyen Van Thanh PDF Summary

Book Description: In a market economy, choosing a supplier is a strategic decision, directly affecting to the business performance of the businesses, choosing an effective suppliers to help businesses create high quality products, low cost, meeting the demand that customers' expect, and being able to aim for sustainable development in the future. The benefits of choosing the best suppliers help businesses gain a competitive advantage in the market. However, the process of selecting suppliers is very complicated, requiring decision makers to analyze and evaluate many qualitative and quantitative criteria are conflict together to get accurate results. Thus, this book presents a mathematical model to optimize supplier's selection process, with the aim of improving products quality, timely delivery, meeting the increasing demands of customers, and ensuring reduce production costs of products. In book, the author considered main criteria including financial criteria, delivery and services factors, qualitative criteria and environmental management systems.

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Supplier Selection

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The purpose of this book is to present a comprehensive review of the latest research and development trends at the international level for modeling and optimiza