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Aspects Regarding The Suppliers’ Evaluation Of A Company That Makes Bearings

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  • Sima Elena

    (Romanian-German University of Sibiu, Romania)

Abstract

In the supply of materials and technical equipment, a special importance is given to the decision of selecting supply sources and suppliers. Choosing the supplier has become a real “art”; the action is based on the prior study of main data and information which can characterise each supplier. Based on the collected data and information, a comparative evaluation is provided, which classifies each supplier according to a percentage (or a grading scale) assigned based on the importance of the established classification criteria. The suppliers’ evaluation and selection time is essential because the market where the material activities will run is practically now being established. This selection activity thus involves the existence of certain specific analysis criteria on which to obtain a correct evaluation of each supplier. The purchasing strategy is followed by the tactical selection of the selling companies. The suppliers’ selection involves a preliminary process of identification of potential candidates. The paper analyses how certain suppliers’ evaluation of a company that makes bearings is being practiced (the space did not allow for an analysis of all suppliers, but the procedure is identical for each supplier separately), and in the end, the resulting conclusions are mentioned.

Suggested Citation

  • Sima Elena, 2011. "Aspects Regarding The Suppliers’ Evaluation Of A Company That Makes Bearings," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 6(3), pages 174-185, December.
  • Handle: RePEc:blg:journl:v:6:y:2011:i:3:p:174-185
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    File URL: http://eccsf.ulbsibiu.ro/RePEc/blg/journl/6313sima.pdf
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    Keywords

    evaluation; suppliers; bearings;

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