Decision making models with composite scales for customer integrated vendor evaluation

Abstract

Purchasing is one of the important functions of Supply chain newlinemanagement Selection of right source vendor of inventory is a major newlinedecision in purchasing function executed by the purchase manager of any newlineorganization This strategic decision affects the organization strongly and newlinehence there are many issues regarding vendor evaluation and selection newlineTraditional vendor selection is based on the criteria like cost newlinequality and delivery performance Yet the selection of vendor with respect to newlineproduct ranking and customer expectation has not been given sufficient newlineattention Hence this research is focused towards the development of a model newlinewhich integrates the above criteria As vendor selection problem is multiattribute newlinein nature a multi criteria decision making method Analytic newlineHierarchy Process AHP is utilized to evaluate t newline newline