• DocumentCode
    2226275
  • Title

    Development of a methodology to improve the sourcing process

  • Author

    Wriggers, F.S. ; Fronia, P. ; Beck, S. ; Nyhuis, P.

  • Author_Institution
    Inst. of Production Syst. & Logistics, Leibniz Univ. of Hanover, Hanover, Germany
  • fYear
    2008
  • fDate
    8-11 Dec. 2008
  • Firstpage
    1049
  • Lastpage
    1054
  • Abstract
    Companies have to satisfy a multitude of needs to thrive. Conflicts between targets have to be considered in order to maximize the companies¿ market value. Therefore decision makers have to periodically answer questions regarding the companies¿ performance in comparison to competitors and have to identify the part of their company in which strategic measures will exhibit the greatest impact on market value. Another strategic decision is to determine the measures to be implemented and how these will affect their companies¿ market value. Some methods existing today offer useful input to resolve this decision problem or at least parts thereof. Nevertheless several consulting projects for German companies completed by the authors ascertained demand for an easy to use decision support system which targets this optimization problem. This paper describes an easy to use decision support system for sourcing, which was successfully applied to resolve this problem, using an adaptation of SCOR as a basis. Ongoing research work to enhance this tool is described.
  • Keywords
    decision making; decision support systems; supply chain management; company market value; decision making; decision support system; optimization problem; sourcing process; supply-chain operation reference; Cost function; Decision support systems; Design optimization; Fluid flow measurement; Logistics; Maintenance; Procurement; Production systems; Solid modeling; Supply chains; SCOR; sourcing; supply chain design;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Industrial Engineering and Engineering Management, 2008. IEEM 2008. IEEE International Conference on
  • Conference_Location
    Singapore
  • Print_ISBN
    978-1-4244-2629-4
  • Electronic_ISBN
    978-1-4244-2630-0
  • Type

    conf

  • DOI
    10.1109/IEEM.2008.4738030
  • Filename
    4738030