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Lodha S.,Svkms Narseemonjee Institute Of Management Studies | Ramachandran M.,Svkms Narseemonjee Institute Of Management Studies
International Journal of Applied Engineering Research | Year: 2015

In this paper, the vendor selection approach is considered. The vendor selection is a process which is proposed to maximise the manufacture’s gain by outsourcing from appropriate vendor. The process of selecting an appropriate vendor is a difficult task company’s face now. It is important from manufacturing aspects as well as financial aspects that the companies select the correct vendor in order to have efficiency in production. The paper focuses on the selection on radiator for automobile from a variety of vendors based on selected parameter. In vendor selection process main parameter considered are price, quality, delivery time, technical capability, and R&D department. The most significant parameters are selected so that any change in the parameters will affect the output of the company. The parameters selected are compared with the vendor and weightage is given based in the performance. The vendor with the maximum weightage is the most appropriate to purchase the material by the company. © Research India Publications. Source


Jain M.,Svkms Narseemonjee Institute Of Management Studies | Ramachandran M.,Svkms Narseemonjee Institute Of Management Studies
International Journal of Applied Engineering Research | Year: 2015

This paper is all about taking decision about whether to buy or make a part of a pump i.e. bi decision. We have considered a centrifugal pump in specific its PVDF Model which has 32 components in total. We have used group technology along with Fuzzy logic to create a mathematical model to make the decision. We have divided all the components in 9 groups and 5 major parameters such as Manufacturing Technology, Out sources, Managerial Issues, Financial. © Research India Publications. Source

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