Research on the Selection of Suppliers by Enterprises Based on the Entropy Weight Method

Weixuan Fang ()
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Weixuan Fang: Qingdao University of Technology, School of Management Engineering

A chapter in Proceedings of the 2026 11th International Conference on Financial Innovation and Economic Development (ICFIED 2026), 2026, pp 867-874 from Springer

Abstract: Abstract A reliable supplier can not only provide timely supplies during stock shortages but also ensure the quantity of goods supplied. Therefore, selecting reliable suppliers is of great significance for the operational management of a company. Based on existing research in supplier reliability evaluation, this article systematically constructs a comprehensive assessment index system. The system utilizes the entropy weight method, an objective empowerment model designed to avoid human subjective biases. Through six key indicators, this approach effectively assesses the supply risk and capability of suppliers. With this evaluation system, this study conducts a reliability assessment of 402 suppliers which utilizes the actual supply and order quantity data from a specific enterprise in the past 240 weeks. Through this process, a comprehensive score is calculated for each supplier, ultimately identifying the 50 most reliable partners. The research results of the paper have significant theoretical and practical implications for the evaluation and optimization of supplier reliability in the supply chain, which can provide insights for business managers.

Keywords: entropy weight method; supplier selection; inventory management; reliability assessment (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6239-642-5_90

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DOI: 10.2991/978-94-6239-642-5_90

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