Multi criteria decision making based Green supplier evaluation and Selection in process industry

Abstract

The growing awareness of environmental responsibility and the newlinecurrent global market competitions has pressurised the process industrial newlinesector to adopt the green practices in their supply chain management SCM newlineGreen supply chain management GSCM is a developing concept recently newlineutilized in many process industries with a view towards achieving newlineenvironmental objectives and reducing cost in their operations The newlinesustainability of the green supply chain GSC is always depends on the green newlinepurchasing strategies of an organization The primary function of the green newlinepurchasing activity is the supplier selection based on economic and newlineenvironmental performances and it is very much important than none for the newlinepurchasing related responsibilities Generally the supplier selection process is newlinea challenging issue in the purchasing activity and it deploys a tremendous newlineamount of a firm s finance resources In return firms expect significant newlinebenefit from contracting with suppliers offering high value In recent years newlinedue to the environmental pressures and awareness many process industries newlineprefer the green suppliers in their purchasing activity and it involves newlineenvironmental social and economic dimensions in a quantitative and newlinequalitative way newline newline