A study of combined evaluation of suppliers based on correlation

Abstract

Purpose: The Selection of logistics service providers is an important issue in supply chain management. But different evaluation methods may lead to different results, which could cause inconsistent conclusions. This paper makes use of a new perspective to combine with a variety of methods to eliminate the deviation of different single evaluation methods.

Design/methodology/approach: This paper expounds the application of the combined evaluation method based on correlation. Entropy method, factor analysis, grey colligation evaluation and AHP have been used for research.

Findings: According to the evaluate result, the ranking of suppliers obtained by each method have obvious differences. The result shows that combined evaluation method can eliminate the deviation of different single evaluation methods.

Originality/value: The combined evaluation method makes up for the defects of single evaluation methods and obtains a result that is more stable and creditable with smaller deviation. This study can provide the enterprise leaders with more scientific method to select their cooperative companies.