A STUDY OF MULTI CRITERIA DECISION MAKING FOR SELECTING SUPPLIERS OF LINEAR MOTION GUIDE
Abstract
Supplier evaluation and selection is becoming more and more important for companies in today’s logistics and supply chain management. Decision making in supplier selection domain, as an essential component of supply chain management, is a complex process due to the fact that a wide range of diverse criteria, stakeholders and possible solutions are embedded into this process. This paper focuses on the application of some single and hybrid multi criteria decision making approaches for the selection of suppliers of transportation and logistics equipment. The analytic hierarchy process (AHP), stepwise weight assessment ratio analysis (SWARA) and technique for the order preference by similarity to ideal solution (TOPSIS) have been implemented in the "Lagerton" company in Serbia for evaluation and selection of the supplier in the case of procurement of THK Linear motion guide components. The best ranked supplier has been suggested to the company and the sensitivity analysis of ranking orders according to the criteria weights variations has been done.
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DOI: https://doi.org/10.22190/FUEO1802097P
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