Addressing the supplier selection problem by using the analytical hierarchy process
ACI Pharma spends $ 12 to 15 million yearly to promote its brands. The brand promotional activities of the company were hampered, due to supplier selection subjectively, which impacted market share. The study selects the best supplier with supplier management and purchasing policy for printing mater...
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| Format: | Article |
| Language: | English |
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Elsevier
2023-07-01
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| Series: | Heliyon |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405844023052052 |
| _version_ | 1797771426437005312 |
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| author | Mehedi Hasan Manik |
| author_facet | Mehedi Hasan Manik |
| author_sort | Mehedi Hasan Manik |
| collection | DOAJ |
| description | ACI Pharma spends $ 12 to 15 million yearly to promote its brands. The brand promotional activities of the company were hampered, due to supplier selection subjectively, which impacted market share. The study selects the best supplier with supplier management and purchasing policy for printing materials for ACI Pharma based on objective judgments. The required data has been collected from the company. This study uses the Analytical Hierarchy Process (AHP) to address supplier selection and management problems. Five attributes, cost, quality, delivery, flexibility, and communication, and ten suppliers have been evaluated to select the best supplier. Spark Printers is the best supplier for ACI Pharma as it obtains the highest score, 0.968, whereas Marvelous Printers Limited and Lutfur Enterprise are the second-best and third-best suppliers. The application of AHP in the pharmaceutical supply chain industry is very limited. Further, Previous studies emphasized supplier selection rather than management and purchasing policy. Moreover, industry practitioners, especially in developing countries, might not use complex methodologies due to time, money, or technical constraints. Considering these thoughts, this study is conducted to select and manage the right supplier with purchasing policy using AHP in industry-friendly language and analysis patterns. Other organizations suffering from similar problems, such as ACI Pharma, may benefit from this research. The study has selected AHP, purposively, without any methodological justifications, although many Multi-Criteria Decision-Making (MCDM) techniques are present. Further studies might be conducted to find which MCDM method fits best to address the supplier selection problem in the pharmaceutical supply chain industry. |
| first_indexed | 2024-03-12T21:37:24Z |
| format | Article |
| id | doaj.art-523ad49a52734b51a3523ac700958f39 |
| institution | Directory Open Access Journal |
| issn | 2405-8440 |
| language | English |
| last_indexed | 2024-03-12T21:37:24Z |
| publishDate | 2023-07-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Heliyon |
| spelling | doaj.art-523ad49a52734b51a3523ac700958f392023-07-27T05:58:12ZengElsevierHeliyon2405-84402023-07-0197e17997Addressing the supplier selection problem by using the analytical hierarchy processMehedi Hasan Manik0Marketing Insights, Advanced Chemical Industries (ACI) Limited, Dhaka, BangladeshACI Pharma spends $ 12 to 15 million yearly to promote its brands. The brand promotional activities of the company were hampered, due to supplier selection subjectively, which impacted market share. The study selects the best supplier with supplier management and purchasing policy for printing materials for ACI Pharma based on objective judgments. The required data has been collected from the company. This study uses the Analytical Hierarchy Process (AHP) to address supplier selection and management problems. Five attributes, cost, quality, delivery, flexibility, and communication, and ten suppliers have been evaluated to select the best supplier. Spark Printers is the best supplier for ACI Pharma as it obtains the highest score, 0.968, whereas Marvelous Printers Limited and Lutfur Enterprise are the second-best and third-best suppliers. The application of AHP in the pharmaceutical supply chain industry is very limited. Further, Previous studies emphasized supplier selection rather than management and purchasing policy. Moreover, industry practitioners, especially in developing countries, might not use complex methodologies due to time, money, or technical constraints. Considering these thoughts, this study is conducted to select and manage the right supplier with purchasing policy using AHP in industry-friendly language and analysis patterns. Other organizations suffering from similar problems, such as ACI Pharma, may benefit from this research. The study has selected AHP, purposively, without any methodological justifications, although many Multi-Criteria Decision-Making (MCDM) techniques are present. Further studies might be conducted to find which MCDM method fits best to address the supplier selection problem in the pharmaceutical supply chain industry.http://www.sciencedirect.com/science/article/pii/S2405844023052052Analytical hierarchy processBest alternative selectionCriteria of supplier selection problemLeverage itemMulti-criteria decision-makingSupplier selection technique |
| spellingShingle | Mehedi Hasan Manik Addressing the supplier selection problem by using the analytical hierarchy process Heliyon Analytical hierarchy process Best alternative selection Criteria of supplier selection problem Leverage item Multi-criteria decision-making Supplier selection technique |
| title | Addressing the supplier selection problem by using the analytical hierarchy process |
| title_full | Addressing the supplier selection problem by using the analytical hierarchy process |
| title_fullStr | Addressing the supplier selection problem by using the analytical hierarchy process |
| title_full_unstemmed | Addressing the supplier selection problem by using the analytical hierarchy process |
| title_short | Addressing the supplier selection problem by using the analytical hierarchy process |
| title_sort | addressing the supplier selection problem by using the analytical hierarchy process |
| topic | Analytical hierarchy process Best alternative selection Criteria of supplier selection problem Leverage item Multi-criteria decision-making Supplier selection technique |
| url | http://www.sciencedirect.com/science/article/pii/S2405844023052052 |
| work_keys_str_mv | AT mehedihasanmanik addressingthesupplierselectionproblembyusingtheanalyticalhierarchyprocess |