Transportation Cost as an Important Element of a Supplier Selection Process Based on a Multi-Criteria Decision Analysis

Supplier selection represents one of the key procurement processes that main aim is to find the best supplier that provides products and services for the customer in high quality and for the best possible value. Since this decision-making process involves a series of problem identification, setting...

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Bibliographic Details
Published in:Transportation research procedia (Online) 2021, Vol.55, p.63-70
Main Authors: Majchráková, Jana, Kremeňová, Iveta
Format: Article
Language:English
Subjects:
Multi-Criteria Decision Analysis
Supplier Selection Process
Transportation Cost
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Summary:Supplier selection represents one of the key procurement processes that main aim is to find the best supplier that provides products and services for the customer in high quality and for the best possible value. Since this decision-making process involves a series of problem identification, setting preferences and evaluating alternatives this activity should be supported by sophisticated methods like Multi-Criteria Decision Analysis (MCDA). It supports greatly by identifying the best alternative. In addition to that it is ensured that important elements, like transportation cost are considered and included as an inseparable part of supplier selection process.
ISSN:2352-1465
2352-1465
DOI:10.1016/j.trpro.2021.06.007