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primary topic: IT vendor selection model by using structural equation model & analytical hierarchy process

IT vendor selection model by using structural equation model & analytical hierarchy process
type: AcademicArticle
type: Article
abstract: Selecting and evaluating the right vendors is imperative for an organization's global marketplace competitiveness. Improper selection and evaluation of potential vendors can dwarf an organization's supply chain performance. Numerous studies have demonstrated that firms consider multiple criteria when selecting key vendors. This research intends to develop a new hybrid model for vendor selection process with better decision making. The new proposed model provides a suitable tool for assisting decision makers and managers to make the right decisions and select the most suitable vendor. This paper proposes a Hybrid model based on Structural Equation Model (SEM) and Analytical Hierarchy Process (AHP) for long-term strategic vendor selection problems. The five steps framework of the model has been designed after the thorough literature study. The proposed hybrid model will be applied using a real life case study to assess its effectiveness. In addition, What-if analysis technique will be used for model validation purpose. © 2012 American Institute of Physics.
date: 2012
volume: 1499
is part of: AIP Conference Proceedings
status: peerReviewed
status: published
author list: authors
type: EPrint
type: ConferenceItemEPrint
is part of: repository

AIP Conference Proceedings
type: Collection
issn: 0094243X

P.D.D. Dominic
type: Person
given name: P.D.D.
family name: Dominic

S. Maitra
type: Person
given name: S.
family name: Maitra

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primary topic: IT vendor selection model by using structural equation model & analytical hierarchy process