Development of Decision Support System for Vendor Selection Using Ahp-Vikor Based Hybrid Approach
Journal Title: American journal of Engineering Research - Year 2017, Vol 6, Issue 12
Abstract
Supply chain management (SCM) has emerged as an increasingly important approach to improve the performance of logistics systems. SCM is an integrated approach to increase the effectiveness of the logistics chain by improving cooperation between the stack holders in the supply chain. Supplier selection is one of the most crucial activities performed by organizations because of its strategic importance. This project is done in an automobile industry of North India. The supply chain of the company is analyzed and major problems areas are identified by using SWOT analysis and Fishbone diagrams. Stress is being laid on development of a performance measurement framework and vendor evaluation and selection in supply chain management. In the present work, AHP model and an integrated model of AHP-VIKOR for Vendor selection has been developed and demonstrated the methodology through a case study conducted in XYZ automotive manufacturing company. The major advantages of this research are that it can be used for both qualitative and quantitative criteria. The results show that the model has the capability to be flexible and can be applied in different types of industries to help choose vendors.
Authors and Affiliations
Rajhans kumar, *, Arvind Jayant
Keywords
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