Supplier Selection in an Engineering, Procurement & Construction using Multi Criteria Decision Making Methods

For any organization that has to deal with Trading or market moods swings, supplier selection does play an important role in deciding the flow of the revenue in a company. Traditional supplier selection methods are very much dependent on relationship with the supplier. But this doesn't ensure performance on the part of suppler, so to give a concrete data on supplier selection modern supplier selection model can be used. This paper talks about multi criteria decision making method for selection of vendor. MCDM methods helps to choose the best alternatives where many criteria have come into existence, the best one can be obtained by analyzing the scope & criteria of the supplied item.