AN EFFICIENT SUPPLIER SELECTION FOR INDIAN PHARMACEUTICAL INDUSTRY BY APPLYING FUZZY TOPSIS METHOD

Abstract

Supplier selection is one of the critical processes in supply chain management which is associated with the flow of goods and services from the supplier of raw material to the last consumer. It is a multi-criteria problem which includes both qualitative and quantitative factors (criteria). Under many conditions the values of the criteria are often inaccurately defined for the decision makers. To reduce this problem, fuzzy multi-criteria decision making approach can be used. In this paper, a multi-criteria decisionmaking approach has been used for selecting supplier under uncertainty. The aim of this study is to develop a method to evaluate suppliers in supply chain based on technique for order preference by similarity to ideal solution method (TOPSIS) to select the most efficient supplier. This paper presents a successful application of FUZZY TOPSIS to an actual supplier selection problem in Indian pharmaceutical industry