An ANP with Benefits, Opportunities, Costs and Risks for Selecting Suppliers

Supplier selection has received extensive attention in supply chain management. However, selecting a proper supplier is not an easy decision because lots of evaluation criteria such as quality of products, cost efficiency, delivery dependability, information and customer service and so on should be considered. The Analytic network process (ANP) is a new decision method to deal with complex problems. However, selecting suppliers need consider not only benefits and potential opportunities, but also costs and potential risks. In view of this an ANP with benefits (B), opportunities (O), costs (C) and risks (R) is proposed to select a proper supplier. Finally, the method is validated by a real case of supplier selection to be effective.