A Review of Supplier Evaluation and Selection Approaches in Supply Chain of Construction Industry

Supplier Evaluation and Management is a very strong concept in manufacturing industry, but has to come a long way in the construction Projects. In projects, especially in India, it is considered as a part of the unorganised sector. While developing a supplier survey for the purchaser it is to be decided which performance categories to include. The primary criteria are cost/price, quality and delivery, which are generally the most obvious and most critical areas that affect the buyer. For many items, these three performance areas would be enough, however for critical items needing an in-depth analysis of the supplier's capabilities, a more detailed supplier evaluation study is required. This paper reviews the literature of various approaches for supplier evaluation and selection. Supplier Evaluation and Management initiates them to adopt the most efficient approaches in order to ensure the smooth flow of the execution of the Project. Study puts efforts in effectiveness in selection of vendors and their evaluation.