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<p>Evaluation of the Performance and Ranking of Suppliers of a Heavy Industry by TOPSIS Method</p>

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Title Statement <p>Evaluation of the Performance and Ranking of Suppliers of a Heavy Industry by TOPSIS Method</p>
 
Added Entry - Uncontrolled Name Prashanth, K Dharun; National Institute of Technology, Tiruchirappalli-620015, India
Parthiban, P ; National Institute of Technology, Tiruchirappalli-620015, India
Dhanalakshmi, R ; National Institute of Technology Nagaland, Dimapur-797103, India
 
Uncontrolled Index Term DEMATEL, Multi criteria decision making (MCDM), Supplier evaluation, Supplier performance evaluation, TOPSIS, Vendor performance
 
Summary, etc. <p class="Abstract"><span lang="EN-GB">The purpose of this paper is to evaluate the performance of the suppliers of a heavy industry and to rank them based on their performance by using Multi Criteria Decision Making Tool (MCDM) – TOPSIS Method. The Criteria and Sub Criteria for the supplier performance evaluation has been decided by a team of experts from the manufacturing industry. DEMATEL is used to calculate the weightage of the criteria and TOPSIS is used to evaluate and rank the suppliers based on these criteria. This paper ranks the suppliers of the industry based on their performance. It also provides a clear picture about various factors affecting the performance of the suppliers. This research provides an insight to all the suppliers as to where they stand with respect to their performance. It helps them identify the factors in which they need to strengthen in order to improve their performance. It also provides a competitive environment for improving their performance which ultimately aids the manufacturing industry with better results from the suppliers.</span></p><br />
 
Publication, Distribution, Etc. Journal of Scientific & Industrial Research
2022-11-17 06:32:00
 
Electronic Location and Access application/pdf
http://op.niscair.res.in/index.php/JSIR/article/view/68469
 
Data Source Entry Journal of Scientific & Industrial Research; ##issue.vol## 79, ##issue.no## 2 (2020): Journal of Scientific & Industrial Research
 
Language Note en