Optimizing Supplier Selection and Evaluation Process in the Manufacturing Industry: A Case Study

Thesis Abstract

Abstract
This thesis investigates the optimization of supplier selection and evaluation processes in the manufacturing industry through a detailed case study. The efficient management of suppliers is crucial for organizations to ensure the quality, cost-effectiveness, and timely delivery of materials and components. The study focuses on identifying the key factors that influence supplier selection and evaluation and aims to propose a framework for improving these processes. The research methodology includes a comprehensive literature review, data collection through interviews and surveys, analysis of current practices, and development of recommendations for enhancing supplier management strategies. The findings reveal the significance of factors such as supplier performance, relationship management, risk assessment, and technology adoption in supplier selection and evaluation. The implications of this study are valuable for manufacturers seeking to enhance their supply chain efficiency and competitiveness. Overall, this thesis contributes to the body of knowledge on procurement and supply chain management by providing practical insights into optimizing supplier selection and evaluation processes in the manufacturing sector.