The paper introduces and discusses definitions and concepts from the supplier relationship management area. This review has the goal to provide readers with the basic conditions to understand the market mechanisms and the technological developments of the SRM market. Further on, the work gives a picture of the actual business environment in which the SRM vendors are in, and the main trends in t...

In most industries the cost of raw materials and component parts constitutes the main cost of a product, such that in some cases it can account for up to 70%.In such circumstances decision making of purchasing management can play a key role in cost reduction. In today’s highly competitive environment, an effective supplier selection process is very important to the success of any manufacturing ...

Intelligent evaluation agent has been the most recent attempt toward automated supplier bid selection based on customer preferences. It has been proven to have advantages for successful supply chain coordination. Based on a formerly implemented real-time supply chain coordination system using intelligent agents, this work further investigates the problem to devise an intelligent fuzzy algorithm...

Process of purchase or supply is one of the most important factors of competitiveness of companies. Therefore, the supply managers of companies are expected to select and evaluate the suppliers, to provide the company needs. Evaluation of suppliers based on only one factor is not possible and it is necessary to adopt a method that several factors simultaneously be evaluated. Suppliers can be ev...

In today’s competitive global markets, selection of a potential supplier plays an important role to cut production costs as well as material costs of the company. This leads to successful survival and sustainability in a competitive marketplace. Therefore, evaluation and selection of an appropriate supplier has become an important part of supply chain management. The nature of the supplier sele...