Criteria for Qualifying and Short listing Suppliers
Criteria for Qualifying and Short listing Suppliers Abstract The process of identifying, evaluating, and contracting with suppliers is known as supplier selection. The supplier selection process consumes a significant amount of a company's financial resources and is critical to its success. The primary goal of the supplier selection process is to lower purchasing risk, increase total value for the buyer, and foster intimacy and long-term relationships between buyers and suppliers. There are many different analytical approaches to supplier selection criteria and techniques in the literature. By integrating several types of selection techniques, some researchers have created hybrid models. The present article offers an overview of supply chain management studies, as well as supplier selection criteria and assessment techniques (multi-criteria decision making). For More Details About Criteria for Qualifying and Short listing Suppliers Please Visit Our Website ht...