Vendor Selection Risk Management Framework in Automotive Industry

Kamran Mohtasham; Faieza Abdul Aziz; Mohd Khairol Anuar B. Mohd Ariffin

doi:doi:10.11648/j.ijmea.s.2015030301.19

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Vendor Selection Risk Management Framework in Automotive Industry

Kamran Mohtasham, Faieza Abdul Aziz, Mohd Khairol Anuar B. Mohd Ariffin

Published in International Journal of Mechanical Engineering and Applications (Volume 3, Issue 3-1)

Received: 11 October 2016 Accepted: 13 October 2016 Published: 7 November 2016

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Abstract

Disruption of the supply chain can happen at any level of the process; therefore, investigation on the possible risks in the supply chain is inevitable in any SCM activity. Supplier failure is a major threat to the supply chain and to ensure proper vendor selection, this study aimed to establish a vendor selection procedure that can reduce the risk of supply chain disruption. Linear weighting method is used to analyze the risk factors and construct an empirically reliable model for supplier evaluation. The result of multi-criteria vendor evaluation model showed that supplier product quality had the highest degree of influence on vendor selection risk management. It was found that in a sequential order, product quality, human resources, financial power, governmental support, IT and R&D opportunities, and environmental vulnerability of the supplier are critical to supply chain management. The outcome of the current research is a vendor selection framework that utilizes the proposed supplier evaluation model to reduce the risk in vendor selection.

Published in	International Journal of Mechanical Engineering and Applications (Volume 3, Issue 3-1) This article belongs to the Special Issue Transportation Engineering Technology — Part Ⅱ
DOI	10.11648/j.ijmea.s.2015030301.19
Page(s)	57-66
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Vendor Induced Risks, Supply Chain, Risk Management

References

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APA Style

Kamran Mohtasham, Faieza Abdul Aziz, Mohd Khairol Anuar B. Mohd Ariffin. (2016). Vendor Selection Risk Management Framework in Automotive Industry. International Journal of Mechanical Engineering and Applications, 3(3-1), 57-66. https://doi.org/10.11648/j.ijmea.s.2015030301.19

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ACS Style

Kamran Mohtasham; Faieza Abdul Aziz; Mohd Khairol Anuar B. Mohd Ariffin. Vendor Selection Risk Management Framework in Automotive Industry. Int. J. Mech. Eng. Appl. 2016, 3(3-1), 57-66. doi: 10.11648/j.ijmea.s.2015030301.19

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AMA Style

Kamran Mohtasham, Faieza Abdul Aziz, Mohd Khairol Anuar B. Mohd Ariffin. Vendor Selection Risk Management Framework in Automotive Industry. Int J Mech Eng Appl. 2016;3(3-1):57-66. doi: 10.11648/j.ijmea.s.2015030301.19

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@article{10.11648/j.ijmea.s.2015030301.19,
  author = {Kamran Mohtasham and Faieza Abdul Aziz and Mohd Khairol Anuar B. Mohd Ariffin},
  title = {Vendor Selection Risk Management Framework in Automotive Industry},
  journal = {International Journal of Mechanical Engineering and Applications},
  volume = {3},
  number = {3-1},
  pages = {57-66},
  doi = {10.11648/j.ijmea.s.2015030301.19},
  url = {https://doi.org/10.11648/j.ijmea.s.2015030301.19},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijmea.s.2015030301.19},
  abstract = {Disruption of the supply chain can happen at any level of the process; therefore, investigation on the possible risks in the supply chain is inevitable in any SCM activity. Supplier failure is a major threat to the supply chain and to ensure proper vendor selection, this study aimed to establish a vendor selection procedure that can reduce the risk of supply chain disruption. Linear weighting method is used to analyze the risk factors and construct an empirically reliable model for supplier evaluation. The result of multi-criteria vendor evaluation model showed that supplier product quality had the highest degree of influence on vendor selection risk management. It was found that in a sequential order, product quality, human resources, financial power, governmental support, IT and R&D opportunities, and environmental vulnerability of the supplier are critical to supply chain management. The outcome of the current research is a vendor selection framework that utilizes the proposed supplier evaluation model to reduce the risk in vendor selection.},
 year = {2016}
}

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TY  - JOUR
T1  - Vendor Selection Risk Management Framework in Automotive Industry
AU  - Kamran Mohtasham
AU  - Faieza Abdul Aziz
AU  - Mohd Khairol Anuar B. Mohd Ariffin
Y1  - 2016/11/07
PY  - 2016
N1  - https://doi.org/10.11648/j.ijmea.s.2015030301.19
DO  - 10.11648/j.ijmea.s.2015030301.19
T2  - International Journal of Mechanical Engineering and Applications
JF  - International Journal of Mechanical Engineering and Applications
JO  - International Journal of Mechanical Engineering and Applications
SP  - 57
EP  - 66
PB  - Science Publishing Group
SN  - 2330-0248
UR  - https://doi.org/10.11648/j.ijmea.s.2015030301.19
AB  - Disruption of the supply chain can happen at any level of the process; therefore, investigation on the possible risks in the supply chain is inevitable in any SCM activity. Supplier failure is a major threat to the supply chain and to ensure proper vendor selection, this study aimed to establish a vendor selection procedure that can reduce the risk of supply chain disruption. Linear weighting method is used to analyze the risk factors and construct an empirically reliable model for supplier evaluation. The result of multi-criteria vendor evaluation model showed that supplier product quality had the highest degree of influence on vendor selection risk management. It was found that in a sequential order, product quality, human resources, financial power, governmental support, IT and R&D opportunities, and environmental vulnerability of the supplier are critical to supply chain management. The outcome of the current research is a vendor selection framework that utilizes the proposed supplier evaluation model to reduce the risk in vendor selection.
VL  - 3
IS  - 3-1
ER  -

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Author Information

Kamran Mohtasham

Department of Mechanical and Manufacturing Engineering, Faculty of Engineering, Universiti Putra Malaysia, Malaysia
Faieza Abdul Aziz

Department of Mechanical and Manufacturing Engineering, Faculty of Engineering, Universiti Putra Malaysia, Malaysia
Mohd Khairol Anuar B. Mohd Ariffin

Department of Mechanical and Manufacturing Engineering, Faculty of Engineering, Universiti Putra Malaysia, Malaysia

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Plain Text BibTeX RIS

APA Style

Kamran Mohtasham, Faieza Abdul Aziz, Mohd Khairol Anuar B. Mohd Ariffin. (2016). Vendor Selection Risk Management Framework in Automotive Industry. International Journal of Mechanical Engineering and Applications, 3(3-1), 57-66. https://doi.org/10.11648/j.ijmea.s.2015030301.19

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ACS Style

Kamran Mohtasham; Faieza Abdul Aziz; Mohd Khairol Anuar B. Mohd Ariffin. Vendor Selection Risk Management Framework in Automotive Industry. Int. J. Mech. Eng. Appl. 2016, 3(3-1), 57-66. doi: 10.11648/j.ijmea.s.2015030301.19

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AMA Style

Kamran Mohtasham, Faieza Abdul Aziz, Mohd Khairol Anuar B. Mohd Ariffin. Vendor Selection Risk Management Framework in Automotive Industry. Int J Mech Eng Appl. 2016;3(3-1):57-66. doi: 10.11648/j.ijmea.s.2015030301.19

Copy | Download

@article{10.11648/j.ijmea.s.2015030301.19,
  author = {Kamran Mohtasham and Faieza Abdul Aziz and Mohd Khairol Anuar B. Mohd Ariffin},
  title = {Vendor Selection Risk Management Framework in Automotive Industry},
  journal = {International Journal of Mechanical Engineering and Applications},
  volume = {3},
  number = {3-1},
  pages = {57-66},
  doi = {10.11648/j.ijmea.s.2015030301.19},
  url = {https://doi.org/10.11648/j.ijmea.s.2015030301.19},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijmea.s.2015030301.19},
  abstract = {Disruption of the supply chain can happen at any level of the process; therefore, investigation on the possible risks in the supply chain is inevitable in any SCM activity. Supplier failure is a major threat to the supply chain and to ensure proper vendor selection, this study aimed to establish a vendor selection procedure that can reduce the risk of supply chain disruption. Linear weighting method is used to analyze the risk factors and construct an empirically reliable model for supplier evaluation. The result of multi-criteria vendor evaluation model showed that supplier product quality had the highest degree of influence on vendor selection risk management. It was found that in a sequential order, product quality, human resources, financial power, governmental support, IT and R&D opportunities, and environmental vulnerability of the supplier are critical to supply chain management. The outcome of the current research is a vendor selection framework that utilizes the proposed supplier evaluation model to reduce the risk in vendor selection.},
 year = {2016}
}

Copy | Download

TY  - JOUR
T1  - Vendor Selection Risk Management Framework in Automotive Industry
AU  - Kamran Mohtasham
AU  - Faieza Abdul Aziz
AU  - Mohd Khairol Anuar B. Mohd Ariffin
Y1  - 2016/11/07
PY  - 2016
N1  - https://doi.org/10.11648/j.ijmea.s.2015030301.19
DO  - 10.11648/j.ijmea.s.2015030301.19
T2  - International Journal of Mechanical Engineering and Applications
JF  - International Journal of Mechanical Engineering and Applications
JO  - International Journal of Mechanical Engineering and Applications
SP  - 57
EP  - 66
PB  - Science Publishing Group
SN  - 2330-0248
UR  - https://doi.org/10.11648/j.ijmea.s.2015030301.19
AB  - Disruption of the supply chain can happen at any level of the process; therefore, investigation on the possible risks in the supply chain is inevitable in any SCM activity. Supplier failure is a major threat to the supply chain and to ensure proper vendor selection, this study aimed to establish a vendor selection procedure that can reduce the risk of supply chain disruption. Linear weighting method is used to analyze the risk factors and construct an empirically reliable model for supplier evaluation. The result of multi-criteria vendor evaluation model showed that supplier product quality had the highest degree of influence on vendor selection risk management. It was found that in a sequential order, product quality, human resources, financial power, governmental support, IT and R&D opportunities, and environmental vulnerability of the supplier are critical to supply chain management. The outcome of the current research is a vendor selection framework that utilizes the proposed supplier evaluation model to reduce the risk in vendor selection.
VL  - 3
IS  - 3-1
ER  -

Copy | Download