Abstract
The main aim of this paper is to evaluate and select a Seventh Party logistic service provider as a Multi criteria Decision Making Problem using Electre Method. This method allows in outranking and choosing a promising 7PL among the alternatives by consider various parameters. Evaluation and selection procedure is discussed in detail. Electre method is often used for ranking among alternatives.
Highlights
Logistics is one of the important factors in integrating the supply chain of industries
Many industries are in search to find suitable outsourcings logistics services to seven party logistics providers to introduce services and product innovations quickly to into markets[2].almost manufacturing companies are following trend of out sourcing their logistics activities to meet their need for logistics services
Many industries are using these service of providers to fulfill their all logistic needs[4].Out sourcing is defined as an organization that hires an outside organization to provide a service or product that is needed because the organization may not provide itself [5]
Summary
Logistics is one of the important factors in integrating the supply chain of industries. In MCDM problems which we often come across are subjectivity, vagueness, uncertainty, and ambiguity in assessment process [10], we can study structure evaluation and calculate weights of the important criteria’s uses analytical hierarchy process (AHP) and group of decisionmakers according to obtain the final order of ranking of logistics service providers. With this evaluation of the performance of seventh party logistics service providers of a company in a developed and developing countries, via the proposed AHP and Electre techniques as Multi Criteria Decision Making problems.
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