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Purpose: The problem includes the three objective functions: minimizing the total cost, the net rejected items and the inverse total value of purchasing (TVP), while satisfying capacity and demand requirement constraints. Design/methodology/approach: The model is established for supplier selection problem and later the proposed single objective model is used to calculate the optimum order quant...

In the new competitive environment, selecting and planning of the supply chain is very crucial and involves evaluation of many factors. Different approaches have been applied to assess the supplier/s. Most of these studies are based upon the supplier/s&#39; capabilities. It may be neither rational nor economical to deal with each item via a generic material control system. Furthermore, supplier...

Vendor performance plays a key role in price, quality, timely delivery and service in achieving the goals of the supply chain. Given this, today's supplier performance has become a critical element in the success or failure of a company. In this study, an idealized planning model with multi-criteria decision-making approach with network analysis tool based on the expansion of fuzzy quality func...

A company must purchase a lot of diverse components and raw material from different upstream suppliers to manufacture or assemble its products. Under this situation the supplier selection has become a critical issue for the purchasing department.The selection of suppliers depends on number of criteria and the challenge is to optimize selection process based on critical criteria and select the b...

M A N A G E M E N T A C C O U N T I N G Q U A R T E R L Y S P R I N G 2 0 1 4 , V O L . 1 5 , N O . 3 I t is generally accepted that one of management’s primary roles is to optimize profits by controlling costs effectively. This includes costs associated with operating the day-today business, such as those related to labor, materials, and administrative functions, as well as more strategic cost...

**Textile Education Department, Technical Education Faculty, Marmara University, Goztepe, Istanbul, Turkey E-mail: [email protected] Abstract In today’s world where intensive competition exists between enterprises, it is of great importance to work in cooperation with the right suppliers. Selection of the right suppliers is a significant factor in the success of enterprises. In the selectio...