A supply chain is a network of departments, which is involved in the manufacture of a product from the procurement of raw materials to the distribution of the final products to the customer. The term supply chain is already invoked effervescence among the managerial community. The purchasing function has gained importance in the supply chain management due to factors such as globalization, increased value addition in supply and accelerated technology change. A key and perhaps the most important process of the purchasing function is the efficient selection of suppliers, because it brings significant savings for the organization. In general, the supplier selection criteria most commonly used by the industries are quality, delivery and price. Also, depending on the corporate environment of the industries, the importance of the performance measure can vary. In this work a versatile technique namely multi criteria decision making (MCDM) technique which involves the analytical network process (ANP) and technique for order performance by similarity to idea solution (TOPSIS) method has been used to select the best vendor.

Vendor Evaluation effervescence analytical network process (ANP) TOPSIS