Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 64 , 28 December 2023
Open
Access | Article
Supplier Selection Strategies in New Retail: A Case Study of Oriental Selection
* Author to whom correspondence should be addressed.
Abstract
New retail refers to integrating online and offline business models and realizing omnichannel sales, personalized customization, intelligent management, and other innovative ways through e-commerce technology. With the continuous development and popularization of e-commerce technology in China, new retail has become one of the key topics of current research. Researchers have found that the new retail model has become a trend in the traditional retail industry. However, a unified understanding of the new retail supplier selection problem is needed. In this paper, by using Oriental Selection as an example to explore the supplier selection problem under the new retail model, the study finds that the supplier selection in the new retail industry needs to conform to the development of the industry. With the help of the digital supplier selection model, it will establish in-depth partnerships with suppliers simultaneously to strengthen the development of a self-supply chain to prevent the supply risk problem.
Keywords
new retail, supplier selection, oriental selection, supply chain optimization
References
1. Du R., Jiang K. (2017) New retail: Meaning, development factors and key issues. Price Theory and Practice, 2, 139-141.
2. Cai, Y. J., & Lo, C. K. (2020) Omni-channel management in the new retailing era: A systematic review and future research agenda. International Journal of Production Economics, 229, 107729.
3. Zhou Y., Li F. (2022) Problems and challenges facing new retail operation management. Journal of Systems Management,31(06), 1041-1055.
4. Wang S., Yu J., Xuan Z. (2020) Research review and prospect of "new retail" in China. Science and Science and Technology Management, 41(06), 91-107.
5. Chen, Y., Cheung, C. M., & Tan, C. W. (2018) Omnichannel business research: Opportunities and challenges. Decision Support Systems, 109, 1-4.
6. Du, K. (2018) The impact of multi-channel and multi-product strategies on firms' risk-return performance. Decision Support Systems, 109, 27-38.
7. Okwu, M. O., & Tartibu, L. K. (2020) Sustainable supplier selection in the retail industry: A TOPSIS-and ANFIS-based evaluating methodology. International journal of engineering business management, 12, 1847979019899542.
8. Görçün, Ö. F., Aytekin, A., & Korucuk, S. (2023) Fresh food supplier selection for global retail chains via bipolar neutrosophic methodology. Journal of Cleaner Production, 419, 138156.
9. Hu Z. (2021) A preliminary study on supplier selection based on supply chain management. Small and medium-sized enterprise management and science and technology (upper ten journals), 03, 13-14.
10. Cai X. (2018) Research on supplier selection of new retail platform. Mall Modernization, 11, 3-4.
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).
- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-229-9
- ISBN (Online)
- 978-1-83558-230-5
- Published Date
- 28 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/64/20231486
- Copyright
- 28 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited