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Process Capability and Price Evaluation Chart For A Pharmaceutical Company

Author

Listed:
  • Sündüz Dağ
  • Nihan Kabadayı

Abstract

Supplier selection is a critical decision process in a company. Since, gaining a competitive advantage is a great challenge in today’s economy; firms need a well-managed supply chain to compete in these circumstances. Supply chain is an integrated system in which individual companies perform interdependent activities. Therefore, the success of a supply chain is highly dependent on establishing a longer-term working relationship among members of the supply chain community. Supplier selection process is a multi-criteria problem which includes different attributes such as quality, delivery, price, supply variety, distance etc. In our study, we consider two major criteria price and quality together with using incapability index Cpp and price advantage chart in order to evaluate supplier performance. In this paper a case study of the pharmaceutical industry is illustrated. The results obtained in this study show that capability and price advantage chart is useful to the practitioners in choosing the best supplier.

Suggested Citation

  • Sündüz Dağ & Nihan Kabadayı, 2015. "Process Capability and Price Evaluation Chart For A Pharmaceutical Company," Alphanumeric Journal, Bahadir Fatih Yildirim, vol. 3(1), pages 51-58, June.
  • Handle: RePEc:anm:alpnmr:v:3:y:2015:i:1:p:51-58
    DOI: http://dx.doi.org/10.17093/aj.2015.3.1.5000114455
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    More about this item

    Keywords

    Capability and Price Advantage Chart; Incapability Index; Quality; Supplier Selection;

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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