An Evaluation Of The Supplier Selection And Evaluation Process In Zimbabwean Universities

2012 ◽  
Vol 6 ◽  
Author(s):  
Bongani Mushanyuri
Keyword(s):  
Supplier Selection ◽  
Selection Process ◽  
Low Cost ◽  
Evaluation Process ◽  
High Quality ◽  
Alternative Source ◽  
Environmental Criteria ◽  
Process Strategy ◽  
Strategic Consideration

Supplier  selection  and  evaluation  is  fast  becoming  animportant strategic consideration in purchasing and supply.Suppliers  play  an  influential  role  to  the  overall  success  of the  buying  organisation.  Nowadays,  supplier  selection  is firmly  positioned  as  an  alternative  source  for  competitive advantage  for  organisations  with  regards  to  offering  low cost,  high  quality  products  and  services  or  achieving reliability  to  customers.  As  organisations  become  more dependent  on  suppliers,  the  direct  and  indirect consequences of poor decision making on supplier selection will  become  more  critical.  With  the  increasingly  important role of suppliers in supply chain management, the selection process strategy has changed; other than scanning a series of pricelists only, qualitative, quantitative and environmental criteria have now been incorporated into the process.

Risk calculations in the manufacturing technology selection process

2009 ◽  
Vol 21 (1) ◽  
pp. 28-49 ◽  
Author(s):  
Sami Farooq ◽  
Chris O'Brien
Keyword(s):  
Decision Making ◽  
Supply Chain ◽  
Selection Process ◽  
Evaluation Process ◽  
Manufacturing Technology ◽  
Technology Selection ◽  
Content Type ◽  
Selection Decision ◽  
Selection Framework

PurposeThe purpose of this paper is to present result obtained from a developed technology selection framework and provide a detailed insight into the risk calculations and their implications in manufacturing technology selection process.Design/methodology/approachThe results illustrated in the paper are the outcome of an action research study that was conducted in an aerospace company.FindingsThe paper highlights the role of risk calculations in manufacturing technology selection process by elaborating the contribution of risk associated with manufacturing technology alternatives in the shape of opportunities and threats in different decision‐making environments.Practical implicationsThe research quantifies the risk associated with different available manufacturing technology alternatives. This quantification of risk crystallises the process of technology selection decision making and supports an industrial manager in achieving objective and comprehensive decisions regarding selection of a manufacturing technology.Originality/valueThe paper explains the process of risk calculation in manufacturing technology selection by dividing the decision‐making environment into manufacturing and supply chain environment. The evaluation of a manufacturing technology considering supply chain opportunities and threats provides a broader perspective to the technology evaluation process. The inclusion of supply chain dimension in technology selection process facilitates an organisation to select a manufacturing technology not only according to its own requirements, but also according to the interest of its constituent supply chain.

Supplier Evaluation Model in Freight Activity Microsimulation Estimator

2018 ◽  
Vol 2672 (9) ◽  
pp. 70-80
Author(s):  
Seyed Mehdi Mahmoudifard ◽  
Ramin Shabanpour ◽  
Nima Golshani ◽  
Kiana Mohammadian ◽  
Abolfazl Mohammadian
Keyword(s):  
Decision Tree ◽  
Supplier Selection ◽  
Selection Process ◽  
Evaluation Model ◽  
Evaluation Process ◽  
Probit Model ◽  
Decision Tree Model ◽  
Supplier Evaluation ◽  
Tree Model ◽  
Main Components

The supplier selection process is one of the main components of the Freight Activity Microsimulation Estimator (FAME), which is a disaggregated and comprehensive framework that simulates the freight movements for all industries and all commodities in the U.S. However, the supplier selection and supplier evaluation models in the FAME face computational issues. Using the result of a nationwide establishment survey, this study analyzes the supplier selection problem by evaluating the potential suppliers. The buyer’s behavior on selecting the distance range in which the trade forms is analyzed using both machine-learning and statistical approaches. A decision-tree model and an ordered probit model are estimated and compared to better comprehend the supplier evaluation process. The results indicate that several factors such as the type of the business, commodity type, number of orders, and the value of orders are significant factors. In addition, the decision-tree model is reliable in forecasting the consumer’s behavior.

The Role of Just‐In‐Time in Supply Chain Management

2000 ◽  
Vol 11 (1) ◽  
pp. 89-98 ◽  
Author(s):  
Robert J. Vokurka ◽  
Rhonda R. Lummus
Keyword(s):  
Low Cost ◽  
New Product ◽  
Competitive Environment ◽  
Just In Time ◽  
Manufacturing Processes ◽  
High Quality ◽  
Chain Management ◽  
Product Innovations ◽  
Technological Developments

In today's competitive environment, markets are becoming more international, dynamic, and customer‐driven. Customers are demanding more variety, better quality and service, including both reliability and faster delivery. Technological developments are occurring at a faster pace, resulting in new product innovations and improvements in manufacturing processes. The resulting competitive environment requires low cost, high quality products in increasing varieties. These changes have instigated changes in business and manufacturing strategies.

scholarly journals A Fuzzy MCDM Approach for Green Supplier Selection from the Economic and Environmental Aspects

2016 ◽  
Vol 2016 ◽  
pp. 1-10 ◽  
Author(s):  
Hsiu Mei Wang Chen ◽  
Shuo-Yan Chou ◽  
Quoc Dat Luu ◽  
Tiffany Hui-Kuang Yu
Keyword(s):  
Environmental Sustainability ◽  
Supplier Selection ◽  
Selection Process ◽  
Public Awareness ◽  
Multicriteria Decision Making ◽  
Environmental Issues ◽  
Analytic Hierarchy ◽  
Green Supplier Selection ◽  
Environmental Criteria ◽  
Hierarchy Process

Due to the challenge of rising public awareness of environmental issues and governmental regulations, green supply chain management (SCM) has become an important issue for companies to gain environmental sustainability. Supplier selection is one of the key operational tasks necessary to construct a green SCM. To select the most suitable suppliers, many economic and environmental criteria must be considered in the decision process. Although numerous studies have used economic criteria such as cost, quality, and lead time in the supplier selection process, only some studies have taken into account the environmental issues. This study proposes a comprehensive fuzzy multicriteria decision making (MCDM) approach for green supplier selection and evaluation, using both economic and environmental criteria. In the proposed approach, a fuzzy analytic hierarchy process (AHP) is employed to determine the important weights of criteria under vague environment. In addition, a fuzzy technique for order performance by similarity to ideal solution (TOPSIS) is used to evaluate and rank the potential suppliers. Finally, a case study in Luminance Enhancement Film (LEF) industry is presented to illustrate the applicability and efficiency of the proposed method.

scholarly journals Role of Cash Waqf Linked Sukuk In Economic Development and International Trade

2021 ◽  
Vol 10 (2) ◽  
pp. 275-290
Author(s):  
Hendri Tanjung ◽  
Agus Windiarto
Keyword(s):  
Economic Development ◽  
International Trade ◽  
Qualitative Methodology ◽  
Low Cost ◽  
Public Awareness ◽  
Health Sector ◽  
Alternative Source ◽  
Competitive Price ◽  
Trade Financing

The aim of this paper is to examine the role of Cash Waqf Linked Sukuk (CWLS) in economic development and trade in Indonesia. This research is motivated by the fact that there is still limited financing to economic development in Indonesia as well as trade financing. The research based on a qualitative methodology using the data from scientific journals and paper in the field of Cash Waqf, including CWLS. The results cash waqf in several countries has been used for beneficiaries.  Especially for CWLS, it consists of 2 types, namely wakaf sukuk and retail waqf sukuk. For waqf sukuk, the proceeds of the waqf have been channelled to finance the construction of the retina center and glaucoma center at the hospital. Meanwhile, retail waqf sukuk are used by each nazir to finance the program. This research shows that CWLS is proven to play a role in economic development, particularly infrastructure. The infrastructure that has been built is in the health sector. CWLS can also be an alternative source of funds with low-cost of fund which in turn enables the Eximbank/ECA to extend trade financing to the cooperative with competitive price. However, there are some action need to be taken, i.e (i) conduct socialization regarding CWLS to improve public awareness and enlarge the wakif base and (ii) issue DSN regulations regarding CWLS.JEL Classification: F13, F63, P33How to Cite:Tanjung, H., & Windiarto, A. (2021). Role of Cash Waqf Linked Sukuk in Economic Development and International Trade. Signifikan: Jurnal Ilmu Ekonomi, 10(2), 275-290. https://doi.org/10.15408/sjie.v10i2.20493. 

6 Dublin

2014 ◽  
Author(s):  
Reichert Klaus
Keyword(s):  
New York ◽  
Lower Cost ◽  
Low Cost ◽  
High Quality ◽  
High Court ◽  
Trade Law ◽  
International Trade Law ◽  
Model Law ◽  
New York Convention

This chapter evaluates the merits of Dublin as a venue for international arbitration proceedings. It discusses the history and development of arbitration in Ireland; the processes and rules as well as the role of courts in the conduct of arbitration proceedings; and rules for arbitral awards. It concludes that Dublin should be considered as a low-cost alternative to London, with many of the same advantages, but at lower cost. Ireland is also a party to the New York Convention; has passed a new Arbitration Act (2010), which is a virtually pure form of the United Nations Commission on International Trade Law (UNCITRAL) Model Law; provides for a dedicated arbitration judge in the High Court, and there is no appeal from the High Court on arbitration matters; and has a high-quality, independent judicial system and a high-quality bar.

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