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

Runyan Zhao * 1
1 Huzhou University

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 64, 40-45
Published 28 December 2023. © 2023 The Author(s). Published by EWA Publishing
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.
Citation Runyan Zhao. Supplier Selection Strategies in New Retail: A Case Study of Oriental Selection. AEMPS (2023) Vol. 64: 40-45. DOI: 10.54254/2754-1169/64/20231486.

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

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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.

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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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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
© 2023 The Author(s)
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

Copyright © 2023 EWA Publishing. Unless Otherwise Stated