Vendor Track Record Selection Using Best Worst Method

Ryco Puji Setyono, Riyanarto Sarno

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

11 Citations (Scopus)

Abstract

Every company will largely depend on other companies. This will help unite a large business process. Risks that arise from other companies will affect the business performance of a company. Because of this, the right choice for suppliers is crucial. Each vendor has different characteristics. Everything is not always suitable basically the selection process is quite complex and risky. This has led to a new case study which has been studied for years by researchers known as Supplier Selection Problems. Selection of vendors with multi-criteria decision making has been widely studied over years ago. The Best Worst Method is a new science in Multi-Criteria Decision Making (MCDM) determination. In this research, taking case study at XYZ company is in Indonesia which is engaged in mining and industry. The research utilized the transaction data that have been recorded by the XYZ company and analyzed vendor valuation. The weighting of Best Worst Method is calculated based on vendor assessment result. The results show that XYZ company still focuses on Price as its key criteria.

Original languageEnglish
Title of host publicationProceedings - 2018 International Seminar on Application for Technology of Information and Communication
Subtitle of host publicationCreative Technology for Human Life, iSemantic 2018
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages41-48
Number of pages8
ISBN (Electronic)9781538674864
DOIs
Publication statusPublished - 27 Nov 2018
Event3rd International Seminar on Application for Technology of Information and Communication, iSemantic 2018 - Semarang, Indonesia
Duration: 21 Sept 201822 Sept 2018

Publication series

NameProceedings - 2018 International Seminar on Application for Technology of Information and Communication: Creative Technology for Human Life, iSemantic 2018

Conference

Conference3rd International Seminar on Application for Technology of Information and Communication, iSemantic 2018
Country/TerritoryIndonesia
CitySemarang
Period21/09/1822/09/18

Keywords

  • Best Worst Method
  • MCDM
  • Supplier Selection
  • Track Record

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