A Supplier selection construct for exploring the supplier selection procedure in Indian Manufacturing Company

Abstract

In the present dynamically changing markets, for an efficient and effective supply chain to take place, it is necessary to focus on the stage of supplier selection. Supplier selection helps in reducing the costs, improve the quality and deliver the products on time, thereby enabling the organizations to survive the rising competition in the current scenario of global competing environment. This mainly increases the importance of effective supplier selection in manufacturing industry. In this study, in order to investigate the supplier selection in supply chain management, a questionnaire instrument is applied to companies of Indian manufacturing industry which is being mainly affected from the increasing global competition. A factor analysis is applied to the findings of questionnaire instrument to explore the supplier selection criteria of Indian manufacturing industries.