Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)

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Advanced Technology and Future Directions for Supplier Selection

Authors
Chen Chen1, *
1School of Computer Science and Engineering, Macau University of Science and Technology, Macau, China
*Corresponding author. Email: 1909853gi011008@student.must.edu.mo
Corresponding Author
Chen Chen
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-098-5_4How to use a DOI?
Keywords
Supply chain; Supplier relationship management; Spend Analytic; Machine Learning; Artificial Intelligence
Abstract

As the supply chain system matures, the supply chain organization spends a lot of resources and manpower on supplier selection and management through tendering and negotiation. This paper describes Multi-auction Mechanism and Verizon’s advanced technology VSRT to supplier screening to explore the logic of efficient, correct supplier management and the future direction of SRM based on related literature. The result shows that while both approaches offer capabilities not available in most SRMs on the market, they both provide strong data-level support for strategic decisions and help companies make decisions that are more beneficial to them. A disciplined, predictive online Supplier Relationship Management (SRM) is necessary to help companies manage supplier performance quickly and produce high-quality reports. It also provides a practical way of thinking about the future direction of SRM systems and supplier selection and technological innovation. Good updated technical support for future SRM system operation and iterative processes in enterprises.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
78-94-6463-098-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-098-5_4How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Chen Chen
PY  - 2022
DA  - 2022/12/27
TI  - Advanced Technology and Future Directions for Supplier Selection
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 23
EP  - 30
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_4
DO  - 10.2991/978-94-6463-098-5_4
ID  - Chen2022
ER  -