Author(s)

Yamin Ji, Dazhuang Wu, and Chunming Yang

Corresponding Author

Dazhuang Wu

ABSTRACT

With the development of new technologies such as the Internet of things, there are more and more studies on the life prediction and fault frequency of equipment through the detection of equipment operating status. Relying on these technologies, it makes the life cycle cost estimate of the materials and goods become possible. At the same time, the objectivity of maintenance data provides the new basis for the evaluation of supplier performance. Under this circumstance, this paper proposes a supplier evaluation system optimization scheme based on the Internet of things.

KEYWORDS

Supplier Evaluation; Internet of Things; Life Cycle Cost