Decision Support for Material Procurement

Heiner Ackermann (), Erik Diessel, Michael Helmling, Christoph Hertrich, Neil Jami and Johanna Schneider
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Heiner Ackermann: Fraunhofer ITWM
Erik Diessel: Fraunhofer ITWM
Michael Helmling: Fraunhofer ITWM
Christoph Hertrich: Fraunhofer ITWM
Neil Jami: Fraunhofer ITWM
Johanna Schneider: Fraunhofer ITWM

A chapter in Operations Research Proceedings 2019, 2020, pp 693-699 from Springer

Abstract: Abstract Buying raw materials at low cost is important for the economic success of manufacturing companies. In this extended abstract, we summarize some of the cost-driving constraints and cost-saving opportunities available to a global manufacturer when purchasing raw materials. We outline how to model the procurement problem as a mixed-integer linear program, and describe the use of Sankey diagrams to compare alternative order volume plans.

Keywords: Supply chain; Material procurement; Mixed-integer programming; Sankey diagrams (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:oprchp:978-3-030-48439-2_84

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DOI: 10.1007/978-3-030-48439-2_84

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