Advancing Circular Supplier Selection: Multi-Criteria Perspectives on Risk and Sustainability

Abstract

Supplier selection is a crucial factor for ensuring compliance with the circular economy’s principles. Existing approaches often overlook the integration of circularity and risk assessment in supplier evaluation, limiting their effectiveness in achieving sustainability goals. This paper addresses this gap by applying suitable criteria and proposing a structured decision-making model for circular supplier selection. The model innovatively integrates Multi-Criteria Decision Analysis (MCDA) techniques with risk evaluation, providing a comprehensive framework for assessing suppliers in circular supply chains. By advancing the theoretical understanding of circular supplier selection, this research contributes to both academia and practice, reinforcing the alignment between supply chain decision-making and the Sustainable Development Goal (SDG), particularly Target 12.5.