Vendor Selection Using Interpretive Structural Modelling (ISM)

Author:

Mandal Anukul,Deshmukh S.G.

Abstract

Vendor selection is one of the most important activities of a purchasing department. Traditionally, vendors are selected for their ability to meet the quality requirement, delivery performance and the price offered. However, as they are selected not only to meet the immediate requirement but also future needs, one needs to consider many other factors when selecting a reliable vendor. Analyses some of the most important criteria which have been classified into four categories: autonomous, dependent, linkage and driver depending on their driver power and dependence. Develops an interpretive structural model (ISM) to show the inter‐relationship of different criteria and their levels of importance in the vendor selection process. Reveals that “attitude and willingness for business” and “after sales service” are as important factors as quality, delivery and practice. These criteria are dependent on all the others. This analysis could provide a meaningful analytical base in the vendor selection process.

Publisher

Emerald

Subject

Management of Technology and Innovation,Strategy and Management,General Decision Sciences

Reference6 articles.

1. 1. Burt, D.N., Proactive Procurement, the Key to Increased Profits, Productivity and Quality, Prentice‐Hall, Englewood Cliffs, NJ, 1984.

2. 2. Gopalkrishnan, P., Purchasing and Materials Management, Tata McGraw‐Hill, New Delhi, 1990.

3. 3. Weber, C.A., Current, J.R. and Benton, W.C., “Vendor Selection Criteria and Methods”, European Journal of Operations Research, Vol. 50 No. 1, 1991, pp. 2‐18.

4. 4. Dickson, G.W., “An Analysis of Vendor Selection Systems and Decisions, Journal of Purchasing, Vol. 2 No. 1, 1966, pp. 28‐41.

5. 5. Sage, A.P., Interpretive Structural Modelling: Methodology for Large Scale Systems, McGraw‐Hill, New York, NY, 1977, pp. 91‐164.

Cited by 723 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3