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An Overview of Supplier Selection Methodology in SCM- A Study Approach

Author(s):

Mr. Vishal Chahare , Assistant professor, Department of Mechanical Engineering, Deogiri Institute of Engineering and Management studies, Maharashtra, India.; Balasaheb Chandwade, UG student, Department of Mechanical Engineering, Deogiri Institute of Engineering and Management studies, Maharashtra, India. ; Abhijit Khodwe, UG student, Department of Mechanical Engineering, Deogiri Institute of Engineering and Management studies, Maharashtra, India. ; Miss. Indira Mhaisne, Assistant professor, Department of Mechanical Engineering, Bhivarabai Sawant College of Engineering and Research & Polytechnic, Maharashtra, India.

Keywords:

supply Chain, SCM (Supply Chain Management) Components of SCM, Flow of SCM, Level of SCM, Selection Methods

Abstract

Supplier selection is process by which the firms identify, evaluate, and select the supplier of their required raw materials. 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 buyer and supplier in today’s competitive industrial senior.

Other Details

Paper ID: IJSRDV6I30369
Published in: Volume : 6, Issue : 3
Publication Date: 01/06/2018
Page(s): 642-646

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