Analysis of Sustainable Procurement in SMEs in Developing Countries

The purpose of the paper is to integrate supply base consolidation, rationalization, and buyer’s perspective about its suppliers to reveal more insight to implement sustainable procurement in small and medium enterprises (SMEs) in developing countries like India. In this paper an attempt has been made to integrate Constrained Optimization of Frobenius Norm by Genetic Algorithm (COFGA) with traditional spend, and value risk analysis to consolidate and rationalize supply base w.r.t fifteen triple bottom line indicators (TBL). This paper shows that spend analysis is justified in crisp domain and becomes myopic in limited data environment. Spend analysis becomes more ineffective to deal imprecise and vague qualitative data. Integrated approach of multiple criteria decision analysis,spend analysis, and value risk analysis, thus, an alternative approach to give better insight to sustainable procurement in fuzzy environment. Finally, a case study is discussed to use proposed method.