Strategic Supply Network for Supplier Selection
Zhicheng Chen, Xu Xu
Abstract
Zhicheng Chen, Xu Xu
Abstract
Based on changing market conditions and pressure to different companies, the companies need to find strategic cooperative supplier network with the help of value networks to increase more competencies and advantages. The selection of strategic supply network, satisfying different evaluation criteria and business model, is therefore of main importance and builds the topic of this paper. This selection process and algorithm among strategic supply network combine the thoughts of business strategy with the purpose of optimization, such as data mining technology. The final supplier obtained coming from the strategic supply network yielded by the direct strategic supplier. By using strategic supply network, organization can select the most suitable suppliers.
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Based on changing market conditions and pressure to different companies, the companies need to find strategic cooperative supplier network with the help of value networks to increase more competencies and advantages. The selection of strategic supply network, satisfying different evaluation criteria and business model, is therefore of main importance and builds the topic of this paper. This selection process and algorithm among strategic supply network combine the thoughts of business strategy with the purpose of optimization, such as data mining technology. The final supplier obtained coming from the strategic supply network yielded by the direct strategic supplier. By using strategic supply network, organization can select the most suitable suppliers.
Key concepts: Supply network, Business, Supplier relationship management, Selection (genetic algorithm), Strategic planning, Supply chain, Strategic management, Process management