Benchmarking the Interactions among Green and Sustainable Vendor Selection Attributes

Abstract

The primary motive of each and every organization or company is to sustain, strengthen, upgrade, and improve its position and standard in the highly dynamic, constantly changeable, aggressive, and competitive environment. There is a very urgent requirement to develop a framework for green and sustainable vendor selection in the organizations. The main aim of this research is to explore, identify, examine, and evaluate the important, applicable, green, and sustainable vendor selection attributes and to analyze and determine their interactions or relationships in the area of green and sustainable vendor selection. A total of ten important attributes have been determined through review reports and by the assessments of the group of professionals belonging to various organizations. A questionnaire has been prepared for these ten attributes and feedback was maintained from the judgments of the group of professionals in dairy industries. In this paper, a multicriteria decision-making technique namely interpretive structural modeling is implemented to look over the interactions and connections among various attributes and to put forward a constructional representation or digraph. Matriced Impacts Croise’s Multiplication Appliqúe and Classment inspection is used to identify which attributes are autonomous, dependent, independent, influencing or not influencing, and importance of one criterion over another according to their driving and dependence powers. It is analyzed numerically from this model that the cost attribute is a very remarkable attribute as it exists in the bottom or sixth level and the attributes economic growth, financial capacity, and research ability are at first or topmost level of this model. The interpretive structural modeling hierarchy constructional representation and Matriced Impacts Croise’s Multiplication Appliqúe and Classment inspection will support the company’s owner or decision maker for attaining a best decision.