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Supplier selection problem: a comparison of the total cost of ownership and analytic hierarchy process approaches

Supplier selection problem: a comparison of the total cost of ownership and analytic hierarchy... Supplier selection and evaluation are arguably one of the most critical functions for the success of an organization. Several approaches exist in the literature to objectively evaluate suppliers, including analytic hierarchy process and total cost of ownership. Analytic hierarchy process provides a framework to cope with multiple criteria situations involving supplier selection, while the total cost of ownership is a methodology and philosophy, which look beyond just the price of a purchase to better understand and manage costs in selecting and maintaining relationships with suppliers. This paper illustrates the two approaches and provides a comparison. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Supply Chain Management: An International Journal Emerald Publishing

Supplier selection problem: a comparison of the total cost of ownership and analytic hierarchy process approaches

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Publisher
Emerald Publishing
Copyright
Copyright © 2002 MCB UP Ltd. All rights reserved.
ISSN
1359-8546
DOI
10.1108/13598540210436586
Publisher site
See Article on Publisher Site

Abstract

Supplier selection and evaluation are arguably one of the most critical functions for the success of an organization. Several approaches exist in the literature to objectively evaluate suppliers, including analytic hierarchy process and total cost of ownership. Analytic hierarchy process provides a framework to cope with multiple criteria situations involving supplier selection, while the total cost of ownership is a methodology and philosophy, which look beyond just the price of a purchase to better understand and manage costs in selecting and maintaining relationships with suppliers. This paper illustrates the two approaches and provides a comparison.

Journal

Supply Chain Management: An International JournalEmerald Publishing

Published: Aug 1, 2002

Keywords: Suppliers; Selection; Costs; Analytical hierarchy process; Supply‐chain management

References