Formulation of Agile Business Rules for Purchasing Control System Components Process Improvement
Purpose. The relevance of the study is due to the fact that when purchasing on the international market it is extremely important to choose a supplier, when working with which the risks associated with the volatility of exchange rates will be minimized. The situation is now changing rapidly. In connection with these companies need reasonable flexible business rules for solving this problem.
Design / Methodology / Approach: Methods of decision theory under uncertainty were applied to solve the problem. Moreover, for uncertainty, which cannot be estimated using the methods of probability theory. The decision is based on
Savage 's Criteria - Criteria of Minimum Maximum Risk.
Findings: Formulas for calculating the minimum maximum risk when working with suppliers and the amount and the rule for the rational choice of both the supplier and the moment of purchase have been obtained.
Practical Implication : Based on the obtained formulas, flexible business rules for choosing a supplier and purchasing moments have been created.
Value . The result is of particular interest to managers responsible for the procurement of components in the international market.