Supplier Selection in Supply Chain Management for Small Scale Industry: An Overview

An effective supplier selection process is very important to the success of any organization. Supplier selection represents one of the most important decisions in a company to remain competitive; especially where markets are volatile. Choosing the best supplier should meet the goal of receiving the right quantity on the right time with the right cost. In this paper, different supplier selection methods& summarized merits and limitations of various supplier selection methods are observed.