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Regional Economics: Theory and Practice
 

Methodology and procedures for selecting manufacturers and suppliers in the procurement of agricultural equipment

Vol. 21, Iss. 8, AUGUST 2023

Received: 10 July 2023

Received in revised form: 17 July 2023

Accepted: 21 July 2023

Available online: 15 August 2023

Subject Heading: AGRO-INDUSTRIAL COMPLEX

JEL Classification: Q10, Q13, Q14, Q16, Q18

Pages: 1505–1529

https://doi.org/10.24891/re.21.8.1505

Aleksandra V. GLUSHCHENKO Volga Region Research Institute of Manufacture and Processing of Meat-and-Milk Production, Volgograd, Russian Federation
aleksa-gl@yandex.ru

ORCID id: not available

Ekaterina P. KUCHEROVA Volgograd Academy of the Ministry of the Interior of the Russian Federation, Volgograd, Russian Federation
Ku4erova034@yandex.ru

ORCID id: not available

Subject. The article addresses improving the efficiency of agricultural production.
Objectives. The focus is on the development of tools enabling agro-industrial holdings to reduce risks when choosing manufacturers and suppliers in the process of purchasing agricultural equipment.
Methods. The study employs methods of economic-statistical, abstract-logical, and comparative analysis.
Results. We developed a methodology and determined an algorithm for selecting the best manufacturers and suppliers for agricultural equipment procurement. The algorithm optimizes costs associated with the acquisition and operation of agricultural machinery, and reduce the risk of purchasing low-quality equipment.
Conclusions. The findings can be used in solving problems related to the standardization of business processes.

Keywords: agriculture, procurement, agricultural equipment, company standard, supplier

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