Supplier Selection Criterion for SSCM in Indian Thermal Power Plant

Abstract

All companies are dependent on their raw material providers. The same applies in the case of thermal power plants. The major raw material for a thermal power plant is the coal. There are a lot of companies which in turn provide this coal to the thermal power plant. Some of these companies are international; some are local, whereas the others are localized. The thermal power plants look into all the aspects of the coal providing company, before settling down for a deal. Some people are specifically assigned to the task of managing the supply chain. The main motive is to optimize the whole process and achieve higher efficiency. There are a lot of things which a thermal power plant looks into before finalizing a deal, such as the price, quality of goods, etc. Thus, it is very important for the raw material providers to understand each and every aspect of the demands of the thermal power plant. A combination of three methods—Delphi, SWARA, and modified SWARA—has been applied to a list of factors, which has later been ranked according to the weight and other relevant calculations.