Supplier Evaluation Processes Essay Example | Topics and Well Written Essays - 2250 words - 1

Supplier Evaluation Processes - Essay Example It is evidently clear from the discussion that in order to improve the management of wider supply chains, academic writers have suggested a number of new and modified managerial practices and tools, which a multitude of practitioners are implementing. Further suggestions by numerous authors point out that previous performance measurements which solely focused on internal factors now need broad and drastic changes otherwise they might limit the possibility of optimizing dyadic relations or rather the supply chain of every organization. Ideally, investigating how performance information travels between the evaluating supplier and the evaluated buyer and how the shaping, as well as reshaping of information in the evaluation process, is imperative. Relying on longitudinal and multiple case researches as the methodology to obtain findings, this essay will bring out the practical implications, originality, and value of evaluation of performance measurement in a supply chain. Several studie s brought forward that studies based on the development of systems aimed at addressing performance measurement outside legal company boundaries are three in classification. They are supply chain evaluation, buyer-supplier relationship evaluation, and supplier evaluation. Technical rationale particularly applied by econometrics tends to dominate in cases where improved systems and measures align with the strategies set by an organization. Additionally, this dominance goes ahead to appear in other areas where the set systems align strategically with optimum performance measurement as well as in areas where it results in improved performance especially in the activities measured.