Supplier Selection Criteria And Methods In Supply Chains: A Review

Om Pal, Amit Kumar Gupta, R. K. Garg
2013 Zenodo  
An effective supplier selection process is very important to the success of any manufacturing organization. The main objective of supplier selection process is to reduce purchase risk, maximize overall value to the purchaser, and develop closeness and long-term relationships between buyers and suppliers in today's competitive industrial scenario. The literature on supplier selection criteria and methods is full of various analytical and heuristic approaches. Some researchers have developed
more » ... d models by combining more than one type of selection methods. It is felt that supplier selection criteria and method is still a critical issue for the manufacturing industries therefore in the present paper the literature has been thoroughly reviewed and critically analyzed to address the issue.
doi:10.5281/zenodo.1088140 fatcat:fuy5fq4pnzcedeb326nib6frti