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
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;
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
DOI :
10.1109/IEEM.2008.4738030