The main aim of this study is assessing the potential suppliers for an Indian manufacturing organization by using multi criteria decision method. Supplier selection, assessment and prioritization are the important topics in modern supply chain management (SCM) for all manufacturing organization. In this situation the selection of perfect supplier is a big challenge for purchasing department. This paper presents an approach for assessing the performance of suitable suppliers and then ranking them. With the help of experience and expertise of 8 experts, authors could identify the criteria for supplier selection. Total 10 criteria selected for evaluating the 4 alternatives. In this research SWOT analysis approach is proposed as an analytical tool for determining the weight/relative importance of each criteria and fuzzy TOPSIS method is for ranking the alternatives. The results of proposed method indicate that second supplier (S2) is the best supplier that can be preferred for company.
Saty Dev, Rajeev Chaudhary, Jitender Kumar, Nitin Singh Tomar. Assessing the performance of suitable suppliers for an Indian manufacturing organization using fuzzy TOPSIS method based on SWOT analysis approach. International Journal of Multidisciplinary Research and Development, Volume 2, Issue 11, 2015, Pages 103-109