Strategic supplier selection in the added-value perspective: A CI approach

Authors:
R. Florez-Lopez
Affiliations:
University of Leon, Department of Economics and Business Administration, Campus de Vegazana s/n, 24071 Leon, Spain
Venue:
Information Sciences: an International Journal
Year:
2007

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Abstract

Supplier selection is one of the most crucial components of the purchasing function, being essential to improve the entity's competitiveness and to increase customer's satisfaction. There are different proposals to perform this task, being the added-value perspective one of the most interesting. This approach uses both quantitative and qualitative data for supplier selection, being its main aim to calculate the ability of the supplier to create value for the customer. However, difficulties in the measurement of qualitative items usually avoid its application, reducing the firm's capacity to improve efficiency. To solve this problem, we intend to combine both types of data, using Fuzzy Theory and new emergent paradigms, to obtain an overall ranking of suppliers' suitability.