As supply chains continue to globalize, the need for robust supplier qualification and supplier selection and evaluation programs becomes increasingly critical. In this context, this paper aims to present a methodological approach for the optimization of the procurement processes in today’s globalized supply chains. More specifically, we first provide a categorization of the relevant past research efforts, and then propose a generic methodological framework for the supplier selection and supplier evaluation problem. This framework is constituted by a five phased conceptual decision-making methodology that outlines the whole life cycle of the supplier selection and evaluation processes. In addition, we provide a new analytical goal-programming model for the initial selection and the periodic re-evaluation of suppliers in today’s globalized environment. This mathematical programming model is based on newly developed and integrated real world supplier quality indices.

@article{oscm-2011-378,
  title={A Decision-Making Framework for the Optimal Selection of Suppliers},
  year={2011},
  author={C. Keramydas and A. Xanthopoulos and D. Aidonis},
  journal={Operations and Supply Chain Management: An International Journal},
  volume={4},
  number={2},
  pages={68--77},
  doi={10.31387/oscm0100059}
}

C. Keramydas, A. Xanthopoulos, D. Aidonis (2011). A Decision-Making Framework for the Optimal Selection of Suppliers. Operations and Supply Chain Management: An International Journal, 4(2), 68-77. https://doi.org/10.31387/oscm0100059