Multi criteria decision making based green supplier evaluation and selection in process industry

Abstract

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