Integrated Decision Model for Medical Supplier Evaluation
Supply chain is composed of a complex sequence of processing stages, ranging from raw material supplies, parts manufacturing, components, and end products assembling to the delivery of end products. In the context of supply chain management, supplier selection decision is considered as one of the key issues faced by operations and purchasing managers to remain competitive. A well-selected set of suppliers make a strategic difference to an organization’s ability to reduce costs and improve the quality of its end products. Supplier selection and management can be applied to a variety of suppliers throughout a product’s life cycle from initial raw material acquisition to end-of-life service providers. Thus, the breadth and diversity of suppliers make the process even more cumbersome (Bai and Sarkis, 2010).