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Evaluation of Supplier Selection by Using Topsis Methodology- A Case Study

Author(s):

K.B.G.Tilak , Nalla Narasimha Reddy Education Society’s Group of Instititions, Hyderabad, Telangana State, India; N. Harsha Vardhan Reddy, Nalla Narasimha Reddy Education Society’s Group of Instititions, Hyderabad, Telangana State, India; G.Koushik Reddy, Nalla Narasimha Reddy Education Society’s Group of Instititions, Hyderabad, Telangana State, India; K.Jayanth varma, Nalla Narasimha Reddy Education Society’s Group of Instititions, Hyderabad, Telangana State, India

Keywords:

Supply Chain Management, Multi-Criterion Problem, TOPSIS Method

Abstract

Today’s global operating environment, it is the conscientiousness of the organization to focus all its activities to meet the never-ending demands of the knowledge able customers. Hence, proper approaches from all the departments of the organization are required to achieve the objectives. One of the functions that attained a well-known place in the organizations these days is the supply chain management and a vital sub-function of this includes the supplier selection, which helps in achieving a low cost high Fuel Efficiency, on-time delivery of the products. The present work basically concentrates on this vital area of supplier selection which is a multi-criterion problem including both the qualitative and quantitativefactors. The problem is dealt with the help of a case-study, where in many alternatives of selecting a supplier is done with TOPSIS Method, whichis more reliable while going for a supplier selection.

Other Details

Paper ID: RTIMEP005
Published in: Conference 7 : RTIME-2k16
Publication Date: 01/05/2016
Page(s): 25-29

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