Supplier Selection Methods for Small Scale Manufacturing Industry: A Review

Ajitabh Pateriya, Devendra Singh Verma

Abstract: The world today is facing a big challenge in the selection of an effective supplier in this competitive environment. The companies or departments involved in purchasing must be aware of different suppliers as such, they increase company’s economic strength and profitability. Moreover speed of production, quality and cost of the product are some factors that should be taken care of for the effectiveness of the company. So supplier selection is a critical problem which involves various decisions, a fuzzy decision making model is proposed in supply chain management. The extent analysis and integral value calculation are some of the methods used in computing the priority, weights of criteria and alternatives. In this paper different selection methods were studied, their advantages and disadvantages were discussed based on that the result were compared. Focus of study is for Analytical Hierarchy Process method (AHP).

Keywords: Analytic Hierarchy Process, AHP, supplier selection, qualitative criteria, quantitative criteria

How to Cite?: Ajitabh Pateriya, Devendra Singh Verma, "Supplier Selection Methods for Small Scale Manufacturing Industry: A Review", Volume 2 Issue 4, April 2013, International Journal of Science and Research (IJSR), Pages: 319-322, https://www.ijsr.net/getabstract.php?paperid=IJSRON2013790, DOI: https://dx.doi.org/10.21275/IJSRON2013790