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Conference Paper: CSR and environmental criteria in supplier selection

TitleCSR and environmental criteria in supplier selection
Authors
KeywordsSupplier selection
Corporate social responsibility
Environmental responsibility
Multi-agent system
Multi criteria decision making
Issue Date2012
PublisherAPIEMS.
Citation
The 13th Asia Pacific Industrial Engineering and Management Systems Conference (APIEMS 2012) and 15th Asia Pacific Regional Meeting of the International Foundation for Production Research, Phuket, Thailand, 2-5 December 2012, In APIEMS 2012 Conference Proceedings, 2012, p. 74-84 How to Cite?
AbstractThe supplier selection issue in today’s world does not simply depend on price anymore. Other non-price criteria such as quality, delivery and overall capability are gradually gaining equal importance. Because of the globalization of trade, the world is becoming an increasingly open and global marketplace where the intense competition is urging companies to reduce the cost and development time of a new product. Companies are forced to take every possible factor into consideration when making the strategic decision to minimize costs and product development time. That means besides taking price into consideration, companies now also has to assess the overall capability of the suppliers, such as production capability, technological capability, company reputation and other factors that are hard to be quantified, in order to make the most informed decision to strive for a balance between lowering profits and rising costs. Different companies have their own ways in carrying out the supplier selection process that aligns with their corporate strategy. This paper is interested in what criteria are used in supplier evaluation and the ranking of the criteria importance. In particular, the focus is the incorporation of corporate social responsibility (CSR) and environmental responsibility (ER) requirements into supplier selection. With the increasing awareness of CSR and ER, large international corporations have been paying more attention in selecting suppliers that are capable of adhering to the practice of sustainability. Hence, this paper aims to find out what criteria or performance indicators are adopted by companies to assess their suppliers, and how much importance CSR and ER contributes to the final decision of the selected supplier. A multi-agent system is implemented with a multi criteria decision making model to incorporate the criteria identified for evaluating supplier performance and selecting the most suitable supplier.
DescriptionSession - Green Manufacturing Technology: paper no. M3C1
The APIEMS 2012 Conference proceedings' website is located at http://apiems.net/conf2012/
Persistent Identifierhttp://hdl.handle.net/10722/189926

 

DC FieldValueLanguage
dc.contributor.authorWong, TNen_US
dc.contributor.authorLee, LHen_US
dc.contributor.authorSun, Zen_US
dc.date.accessioned2013-09-17T15:03:07Z-
dc.date.available2013-09-17T15:03:07Z-
dc.date.issued2012en_US
dc.identifier.citationThe 13th Asia Pacific Industrial Engineering and Management Systems Conference (APIEMS 2012) and 15th Asia Pacific Regional Meeting of the International Foundation for Production Research, Phuket, Thailand, 2-5 December 2012, In APIEMS 2012 Conference Proceedings, 2012, p. 74-84en_US
dc.identifier.urihttp://hdl.handle.net/10722/189926-
dc.descriptionSession - Green Manufacturing Technology: paper no. M3C1-
dc.descriptionThe APIEMS 2012 Conference proceedings' website is located at http://apiems.net/conf2012/-
dc.description.abstractThe supplier selection issue in today’s world does not simply depend on price anymore. Other non-price criteria such as quality, delivery and overall capability are gradually gaining equal importance. Because of the globalization of trade, the world is becoming an increasingly open and global marketplace where the intense competition is urging companies to reduce the cost and development time of a new product. Companies are forced to take every possible factor into consideration when making the strategic decision to minimize costs and product development time. That means besides taking price into consideration, companies now also has to assess the overall capability of the suppliers, such as production capability, technological capability, company reputation and other factors that are hard to be quantified, in order to make the most informed decision to strive for a balance between lowering profits and rising costs. Different companies have their own ways in carrying out the supplier selection process that aligns with their corporate strategy. This paper is interested in what criteria are used in supplier evaluation and the ranking of the criteria importance. In particular, the focus is the incorporation of corporate social responsibility (CSR) and environmental responsibility (ER) requirements into supplier selection. With the increasing awareness of CSR and ER, large international corporations have been paying more attention in selecting suppliers that are capable of adhering to the practice of sustainability. Hence, this paper aims to find out what criteria or performance indicators are adopted by companies to assess their suppliers, and how much importance CSR and ER contributes to the final decision of the selected supplier. A multi-agent system is implemented with a multi criteria decision making model to incorporate the criteria identified for evaluating supplier performance and selecting the most suitable supplier.-
dc.languageengen_US
dc.publisherAPIEMS.-
dc.relation.ispartofProceedings of the Asia Pacific Industrial Engineering & Management Systems Conference 2012en_US
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subjectSupplier selection-
dc.subjectCorporate social responsibility-
dc.subjectEnvironmental responsibility-
dc.subjectMulti-agent system-
dc.subjectMulti criteria decision making-
dc.titleCSR and environmental criteria in supplier selectionen_US
dc.typeConference_Paperen_US
dc.identifier.emailWong, TN: tnwong@hku.hken_US
dc.identifier.authorityWong, TN=rp00192en_US
dc.description.naturepublished_or_final_version-
dc.identifier.hkuros221535en_US
dc.identifier.spage74en_US
dc.identifier.epage84en_US

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