A HYBRID MCDM MODEL FOR SUPPLIER SELECTION IN SUPPLY CHAIN SANATAN RATNA, ASHISH GOSWAMI, KUMAR ANAND

Decision makers in SMEs across the world are in dilemma as a lot of suppliers with varying suitability are available in the market due to globalization and the liberalization of the Indian economy. The decision needs to be taken about the selection of the best supplier while keeping into account the various degrees of variations in the different criteria. This needs to be done to form an agile manufacturing environment. The current research work deals with the selection of the supplier based on six criteria among twenty-five suppliers. In order to achieve this, a hybrid MCDM model which consists of Grey Relational Analysis (GRA), Analytical Hierarchy Process (AHP) and Technique for Order Performance by Similarity to Ideal Solution (TOPSIS). GRA is used to shortlist the most important criteria among a number of criteria available. AHP is used to give weightage to the various selected criteria. At the end, the TOPSIS method is used to select the best supplier among the available twenty-five suppliers. The hybrid GRAPH-TOP model hence developed is used to analyze the supply chain management of an SME (forging industry) in Delhi NCR.