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A Sector Wise Prioritization of Vendor Selection in Supply Chain using Multi-Criteria Decision-Making Method

by Durga Patel, Girish Thakar
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International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 174 - Number 18
Year of Publication: 2021
Authors: Durga Patel, Girish Thakar
10.5120/ijca2021921073

Durga Patel, Girish Thakar . A Sector Wise Prioritization of Vendor Selection in Supply Chain using Multi-Criteria Decision-Making Method. International Journal of Computer Applications. 174, 18 ( Feb 2021), 23-33. DOI=10.5120/ijca2021921073

@article{ 10.5120/ijca2021921073,
author = { Durga Patel, Girish Thakar },
title = { A Sector Wise Prioritization of Vendor Selection in Supply Chain using Multi-Criteria Decision-Making Method },
journal = { International Journal of Computer Applications },
issue_date = { Feb 2021 },
volume = { 174 },
number = { 18 },
month = { Feb },
year = { 2021 },
issn = { 0975-8887 },
pages = { 23-33 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume174/number18/31777-2021921073/ },
doi = { 10.5120/ijca2021921073 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-07T00:22:28.571200+05:30
%A Durga Patel
%A Girish Thakar
%T A Sector Wise Prioritization of Vendor Selection in Supply Chain using Multi-Criteria Decision-Making Method
%J International Journal of Computer Applications
%@ 0975-8887
%V 174
%N 18
%P 23-33
%D 2021
%I Foundation of Computer Science (FCS), NY, USA
Abstract

Selecting vendors is one of the most important decision-making issues in the organization due to its strategic importance. The selection of vendors, which involves multiple parameters and multiple conflicting objectives, can be described as the process of finding the right vendors at the right cost, at the right time and in the right quantities with the right quality. The subjective issue of vendor selection is to minimize the risk and optimize the vendor's overall benefit. This article highlights the application of AHP, VIKOR, TOPSIS and FUZZY AHP across four sectors (i.e. manufacturing, pharmaceutical, service and healthcare) to determine the important criteria of vendor selection in different sectors. In addition, the steps of the MCDM methods are clearly and numerically described in this research. This study may be a strategy guide to be implemented for other multiple criteria decision-making problems. The main purpose of this document is to priorities the vendor selection criteria and MCDM techniques for individual sectors.

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Index Terms

Computer Science
Information Sciences

Keywords

Vendor Selection Multi Criteria Decision Making Method (MCDM) Analytical Hierarchy Process (AHP) Multi- Criteria Optimization and Compromise Solution (VIKOR) Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) Fuzzy Analytical Hierarchy Process (F-AHP) Supply Chain Management (SCM).

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