Supplier performance measurement in a supply chain

The competitive environment of todaypsilas global marketplace is undergoing changes. Customers are becoming more sophisticated. They demand more variety, better quality, and greater service in terms of reliability and response time. The success in this environment will depend not only on an individual companypsilas competences, but also on how a company forms the whole supply chain. A supplier plays very important role in supply chain management as the production cost and product quality are highly dependent on the supplier. Besides cost and quality, an efficient supply chain that can respond quickly to the market demand is also an important issue in the customer-oriented economics nowadays. Thus, supplier evaluation and selection has become the main concern of the industries and is also a hot research topic for the researchers since 1960psilas. Today, supplier selection becomes even more important as more companies are developing a closer and long term relationship with their supplier to establish an effective supply chain to increase competitiveness.