A COMPARISON OF SUPPLIERS AND THEIR LEVELS WITHIN THE PURCHASING PROCESS

Abstract

Due to the effects of the global economic crisis, manufacturing companies have been forced to look for savings in all areas. Many manufacturing entities in recent years have not sufficiently optimized their purchasing processes. Effective and cost-optimised purchasing, however, is a crucial factor in a company’s success. Assessing the quality of suppliers and their services therefore appears to be a key aspect. Deciding on which supplier to use is not easy, because there are multiple criteria that concern the complete marketing purchasing mix and other inner and outer factors that need to be taken into account. The final decision may have a significant impact not only on the entire manufacturing process, but also on the competitiveness of the respective product or the company as a whole.

Keywords

• purchasing
• supplier
• evaluation
• company