Vendor selection and evaluation an activity based costing approach

Filip Roodhooft, Jozef Konings

Research output: Contribution to journalArticle

134 Citations (Scopus)

Abstract

In this paper we propose an Activity Based Costing approach for vendor selection and evaluation. This system allows us to compute total costs caused by a supplier in a firm's production process, thereby increasing the objectivity in the selection process. We further show that for vendor evaluation purposes the difference between the budgeted and actual total vendor score can be decomposed in a purchaser effect, a supplier effect and a combined effect. We illustrate the Activity Based Costing approach with a case study.

Original languageEnglish
Pages (from-to)97-102
Number of pages6
JournalEuropean Journal of Operational Research
Volume96
Issue number1
Publication statusPublished - Jan 10 1997
Externally publishedYes

Fingerprint

supplier
Evaluation
evaluation
Costs
production process
objectivity
firm
costs
Vendor selection
Activity-based costing
Suppliers
Vendors
Production process
Objectivity
Selection process
Business

Keywords

  • Purchasing
  • Supply management
  • Vendor selection

ASJC Scopus subject areas

  • Information Systems and Management
  • Management Science and Operations Research
  • Statistics, Probability and Uncertainty
  • Applied Mathematics
  • Modelling and Simulation
  • Transportation

Cite this

Vendor selection and evaluation an activity based costing approach. / Roodhooft, Filip; Konings, Jozef.

In: European Journal of Operational Research, Vol. 96, No. 1, 10.01.1997, p. 97-102.

Research output: Contribution to journalArticle

Roodhooft, Filip ; Konings, Jozef. / Vendor selection and evaluation an activity based costing approach. In: European Journal of Operational Research. 1997 ; Vol. 96, No. 1. pp. 97-102.
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