Supplier Management and Selection System considering Sustainability for a Thermal Power Heavy Industry

Abstract

An Indian thermal power heavy industry has to focus more on sustainable supply chain activities. To increase the sustainable recitation of a supply chain, the SSCM experts should select their suppliers prudently in relation to their own stratagem. Sustainability supply chain management can be maintained by reducing the influence of the barriers of Economic stability, Social Ethics, and Environmental Conservation. These three factors are called the Triple Bottom Line (TBL) concept of the sustainable supply chain management. The factor is considered from the previous research and the team of experts evaluate the factors and factors are given weights accordingly. The barriers of the economic social and environmental are the cost of implementation, lack of potential to save money, Infrastructure, Absence of incentive policies and lack of preparation, understanding & knowledge, Organizational culture also lack awareness of existing environmental regulations, expertise, and understanding of strategies to address environmental issues etc. This research helps to assess an assortment of the suppliers of the thermal power heavy industry based on their performance of The MCDM tool TOPSIS is used to rank the suppliers in thermal power heavy industry. The research also developing healthy competition among the suppliers and improving performance.