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Evaluation of vendors ranking by EATWOS approach

Author

Listed:
  • Ankit Bansal
  • Rajesh Kr. Singh
  • Siddhant Issar
  • Jayson Varkey

Abstract

Purpose - – In order to improve the supply chain performance, organizations need to improve the efficiency of vendors. Although many techniques are used for vendor efficiency measurement, there is a lack of research about defining satisficing level to analyze improvement potential of vendors. The purpose of this paper is to incorporate satisficing level of some outputs to determine efficiency improvement potential of existing vendors. Design/methodology/approach - – Method used in this paper is an extension of Data Envelopment Analysis, which has been used frequently for efficiency measurement of Decision Making Units. This method is known as Efficiency Analysis Technique with Output Satisficing (EATWOS), which has been mainly used in the field of economics for efficiency measurement. Findings - – A case illustration of a National Capital Region of Delhi, India, based manufacturer and distributor of packaged drinking water is depicted to portray the practical application of EATWOS in vendor efficiency evaluation and their relative ranking. This method has helped in evaluating the improvement potential in performance of given vendors and helping in strategic decision making for the given organization Research limitations/implications - – In case of more variables, this method becomes more complex to get the solution. Second, sometimes difference in vendors ranking without and with satisficing concept is very less, as in this case. Therefore, recording and analysis of output data of vendors should be done very carefully. Practical implications - – Major implications of this study is that while selecting vendors, organizations should also try to understand improvement potential for given vendors by applying satisficing concept as given in this research. This approach helps in analyzing improvement potentials of suppliers. Originality/value - – This paper explores an innovative approach to rank vendors on basis of certain criteria after considering the satisficing concept and improvement potentials of vendors.

Suggested Citation

  • Ankit Bansal & Rajesh Kr. Singh & Siddhant Issar & Jayson Varkey, 2014. "Evaluation of vendors ranking by EATWOS approach," Journal of Advances in Management Research, Emerald Group Publishing Limited, vol. 11(3), pages 290-311, October.
    • Handle: RePEc:eme:jamrpp:v:11:y:2014:i:3:p:290-311
    DOI: 10.1108/JAMR-02-2014-0009
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    Citations

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    Cited by:

    1. Malte L. Peters & Stephan Zelewski, 2016. "Opportunities and risks of satisficing levels in efficiency analyses from the perspective of sustainable development [Chancen und Risiken von Satisfizierungsgrenzen in Effizienzanalysen aus Perspek," NachhaltigkeitsManagementForum | Sustainability Management Forum, Springer, vol. 24(2), pages 195-199, November.
    2. Asir Ozbek, 2016. "Efficiency Analysis of Gold Mining Companies through Financial Statements," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 6(10), pages 273-290, October.
    3. Malte L. Peters & Stephan Zelewski, 2021. "Upper and lower satisficing levels in efficiency analysis: a corporate social responsibility perspective," NachhaltigkeitsManagementForum | Sustainability Management Forum, Springer, vol. 29(3), pages 187-195, December.

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