Vendor Consolidation for a Small Appliance Company
Authors
Fred C.C. Yuen, K.L. Choy, H.Y. Lam
Corresponding Author
Fred C.C. Yuen
Available Online November 2016.
- DOI
- https://doi.org/10.2991/iwama-16.2016.14How to use a DOI?
- Keywords
- Vendor consolidation, Supplier base reduction, AHP, GA, ANN, Mathematical modelling
- Abstract
- Vendor consolidation is becoming an important management focus in recent years due to the need to sharpen cost performance to increase competition in the fast changing business environment. Vendor consolidation can assist company to streamline its operation, concentrate buying power and reduce purchase price and transaction cost. This paper proposed an intelligent vendor consolidation support system (VCSS) by integrating Analytical Hierarchical Process (AHP), Genetic Algorithms (GA) and Artificial Neural Network (ANN) to rank vendors according to the predefined elimination criteria and the performance of individual vendors in each area of the criteria. With this ranking of vendors, the vendors with inferior performance will be isolated and eliminated to achieve the target number of vendors.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Fred C.C. Yuen AU - K.L. Choy AU - H.Y. Lam PY - 2016/11 DA - 2016/11 TI - Vendor Consolidation for a Small Appliance Company BT - 6th International Workshop of Advanced Manufacturing and Automation PB - Atlantis Press SN - 2352-5428 UR - https://doi.org/10.2991/iwama-16.2016.14 DO - https://doi.org/10.2991/iwama-16.2016.14 ID - Yuen2016/11 ER -