Strategic Supplier Network for Supplier Selection

Abstract

Based on changing market conditions and pressure
to different companies, the companies need to find
strategic supplier network with the help of value network
to increase more competencies and advantages. Supplier
network optimization not only plays a key role to find
cooperative network, but also increases more competencies
across supply network. However, traditional supplier optimization for choosing direct suppliers no longer meet the
requirements of strategic supplier network. There exists a
link between supplier network and supplier selection. Thus,
in order to satisfy the requirements of different evaluation
criteria and business decision, this study proposes strategic
supplier network for supplier selection. In-depth combined
pattern mining is considered first to find the first-level or
direct strategic suppliers. Then extend the whole supplier
network, with the help of value network, graph theory and
evaluation criteria, the strategic supplier network satisfied
the needs of supply network is generated. After that, by
using strategic supplier network, companies can select the
most suitable suppliers.