A Multi Criteria Decision Making Methodology Based Novel Model For Supplier Selection
Abstract
Supplier selection and measurement of supplier performance are multiple criteria decision making (MCDM) problems and have strategic importance for all industries. The study contains analyzed factors that are affecting the process of the supply chain with respect to supplier performance. Supplier performance measures is a tool to determine whether suppliers are doing their job as expected. The importance of supplier performance measurement should not be underestimated due to direct and indirect productivity-related consequences. Supplier evaluation is a complex multiple criteria decision-making problem that is affected by several conflicting factors. Because of this, the measurement of supplier performance has been becoming increasingly important and critical throughout the world. The purpose of this paper is to investigate the MCDM methods and propose a novel method in order to check how the performance of suppliers is being measured with using three different methods. Qualification and final selection of the supplier can be done with a proposed novel model. In the study, the criteria are weighted with the Analytical Hierarchy Process, while TOPSIS and VIKOR methods are used to evaluate and rank the suppliers. Evaluating supplier performance, derive the importance of the main criteria and sub-criteria applied in decision-matrix to sort the suppliers according to the measurement of supplier performance criteria.
Keywords
References
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Details
Primary Language
English
Subjects
Engineering
Journal Section
Research Article
Authors
Publication Date
May 31, 2020
Submission Date
November 20, 2019
Acceptance Date
February 6, 2020
Published in Issue
Year 2020 Volume: 7 Number: 2
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