A COMPARISON OF THE TOTAL COST OF OWNERSHIP AND ANALYTIC HIERARCHY PROCESS APPROACHES IN SUPPLIER SELECTION
Journal Title: The Journal of International Social Research - Year 2016, Vol 9, Issue 47
Abstract
The supplier selection process encompasses different functions (such as purchasing, quality, production, etc.) Within the company, it is a multi-objective problem, encompassing many tangible and intangible factors in a hierarchical manner. This study was conducted in a manufacturing company operating in the metal sector in Kahramanmaraş and TCO (Total Cost of Ownership, the total cost of owning) and AHP (Analytical Hierarchy Process / Process) methods were used for supplier selection. TCO and AHP approaches used in supplier selection process has been examined empirically and compared in a firm. Same criteria are used in both methods. Thus, the same criteria have been analyzed as both qualitative and quantitative. Suppliers are evaluated by both methods. The data were taken from the firms about three suppliers who are worked the most together. According to the findings of the analysis results, the firm should work with supplier A. According to the both methods, The most suitable supplier for the company was determined to be the Supplier A.
Authors and Affiliations
Nusret GÖKSU
Keywords
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- EP ID EP252882
- DOI 10.17719/jisr.2016.1431
- Views 120
- Downloads 0
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