Abstract: In this study, Multiple Criteria Decision Model (MCDM) is used for optimization of several conflicting criteria dependent systems. A MCDM approach taking into account the performance defining attributes such as profitability of supplier, relationship closeness, technological capability, conformance quality and conflict resolution, was adopted to determine the performance ranking of suppliers. It is a three-stepped procedure to derive an overall complete final order of the suppliers. The out-ranking matrix is derived, indicating the frequency of the relative superiority of suppliers with respect to each other based on each criterion. The out-ranking matrix is triangularised to obtain an implicit ordering or provisional order of suppliers, based on sequential application of a balancing principle supported by the pair wise comparison of the suppliers with the help of advantages-disadvantages table.