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SUPPLIER SELECTION PROCESS IN SUPPLY CHAIN MANAGEMENT

Journal: International Journal of Engineering Sciences & Research Technology (IJESRT) (Vol.5, No. 9)

Publication Date:

Authors : ; ;

Page : 24-29

Keywords : Analytic Hierarchy method (AHP); Supplier choice; Total worth of Purchasing (TVP) .;

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Abstract

Supplier’s Selection is one among the foremost essential activities of supply chain management. Supplier’s Selection could be an advanced activity involving qualitative and quantitative multi - criteria. A trade - off between these tangible and intangible factors is essential in choosing the most effective Supplier.This paper explains the various methodsfor supplier selectio n and the use of AHP in selecting the most effective suppliers. The complete procedure of AHP is explained in this paper with some examples. The complete model development for the supplier selection is shown. The importance of AHP process in supplier selec tion is stressed. The use of MATLAB Software is shown to calculate the priority vector and thus find the solution of Example AHP Problem.

Last modified: 2016-09-07 21:37:17