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An Insight into Supplier Evaluation Parameters

Year 2020
Volume/Issue/Review Month Volume - XIII Issue - I, Jan. - Jun. , 2020
Title An Insight into Supplier Evaluation Parameters
Authors T. Frank Sunil , T. Sunitha
Broad area An Insight into Supplier Evaluation Parameters
Abstract
The manufacturing process over the years has shifted from manufacturing of most products to outsourcing of key accessories. Hence it is imperative that suppliers play a key role in the manufacture of a product. The manufacturer has to be very careful while making the choice of supplier. Hence a pertinent issue for all manufacturing organization is the identification, evaluation and choice of supplier. The paper is focused on the possible criteria that purchasers need to focus while evaluating their suppliers. The research tool was established using the conceptual base of the components of supplier selection and evaluation and the circumstantial basis of the focus group upshots. Six dimensions of supplier evaluation namely supplier inherent strength, supplier competitiveness, product orientation, manpower competency, management involvement and sustenance factors were identified as suitable for the study based on auto industries situated in and around Chennai. Right suppliers can enable quality products which are of high demand in the market and ensure high degrees of customer satisfaction. The above paper will be of significant use to personnel in need of supplier evaluation. In future the same study can be extended to other geographical areas, to other sectors and can pay a larger focus on factors such as social accountability of supplier companies.
 
Description An Insight into Supplier Evaluation Parameters
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