Title: A survey on existing vendor selection techniques

Authors: Nikhil Chandra Shil; M. Ameer Ali; Anisur Rahman

Addresses: Department of Accounting, American International University – Bangladesh, Dhaka 1213, Bangladesh. ' Department of Electronics and Communication Engineering, East West University, Dhaka 1212, Bangladesh. ' Department of Electronics and Communication Engineering, East West University, Dhaka 1212, Bangladesh

Abstract: The vendor selection is an important issue owing to increasing competitiveness of business organisations. The researchers have already come up with some techniques to help business organisations in that regard. This paper accumulates existing vendor selection techniques and searches for the comparative strengths and weaknesses of them. It is observed that some methods require more user time and effort than others producing results with varied types of accuracy. The target of this paper is to analyse the benefits and shortcomings of the existing methods and draw conclusion on their relative performance and efficiency level.

Keywords: vendor selection techniques; survey; fuzzy logic; fuzzy set theory; analytical hierarchy process; AHP; multicriteria decision making; MCDM.

DOI: 10.1504/IJLSM.2012.044050

International Journal of Logistics Systems and Management, 2012 Vol.11 No.1, pp.56 - 92

Published online: 28 Nov 2014 *

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