Study of a fuzzy logic-based approach to supplier selection

Abstract

Because of globalization, huge competition is existed among the manufacturing organizations to survive their production into the global market. Today’s global market customer generates dynamic demands which further forces the organizations to respond them quickly. The main aim of supply chain management is to give maximum focuses on the aspects of the customers like improved customer service, performance of business, and more profitability too. The process of supplier selection is considered as one of the important decision making process at the strategic level of an organization. It is expected to have a improved partnership with the better suppliers at strategic stage which will expected to yield the improved quality, improved flexibility and also will reduces the lead time of the product. This project work addresses the aspects and issues for enabling the process of supplier selection. For this a new comprehensive technique called as fuzzy simple multi attributes rating technique (Fuzzy SMART) is strategically aligned with the fuzzy logic and same concept will be applied to enable the process of supplier selection.