Abstract
The supplier selection is a multi-criteria decision making process determined by a comparison of suppliers using a shared set of characteristics. The adequate selection of suppliers makes a strategic difference to an organization’s ability to reduce cost and improve the quality of its product. Social media has become a relevant source of information within the supply chain, this vast portfolio of data can assist in the supplier selection process by providing relevant and up-to-date information regarding the different risks suppliers might present. This research proposes Twitter Enabled Supplier Status Assessment (TESSA) that assists in the supplier selection process by assessing the risks and uncertainty each supplier holds. We aim to open a new window on the research field regarding supplier selection, as a result, companies can be more prone to exploit the extensive data social networks has to offer and utilize it in the decision making process.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Araz, C., Ozkarahan, I.: Supplier evaluation and management system for strategic sourcing based on a new multicriteria sorting procedure. International Journal of Production Economics. 106, 585–606 (2007).
Liu, L., Zhou, Y., Zhu, H.: A conceptual framework for vendor selection based on sup-ply chain risk management from a literature review. Journal of System and Management Sciences. 1, 1–8 (2011).
Wille, R.: Restructuring lattice theory: An approach based on hierarchies of concepts. NATO Advanced Study Institute Series. 445–470 (1982).
Sokolova, M., Lapalme, G.: A systematic analysis of performance measures for classifi-cation tasks. Information Processing & Management. 45, 427–437 (2009).
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2018 Springer Nature Singapore Pte Ltd.
About this paper
Cite this paper
Huang, SF., Su, CJ., Saballos, M.B.V. (2018). Social Media Big Data Analysis for Global Sourcing Realization. In: Bhatia, S., Mishra, K., Tiwari, S., Singh, V. (eds) Advances in Computer and Computational Sciences. Advances in Intelligent Systems and Computing, vol 554. Springer, Singapore. https://doi.org/10.1007/978-981-10-3773-3_24
Download citation
DOI: https://doi.org/10.1007/978-981-10-3773-3_24
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-10-3772-6
Online ISBN: 978-981-10-3773-3
eBook Packages: EngineeringEngineering (R0)