Methodology for analytical supply chain management in industrial production

Abstract

The main purpose of this research is to develop scientific and methodological support for the supplier evaluation process to improve the supply chain management mechanisms for the manufacturing of components. The results of the research can be applied in any light and heavy industry, from medical equipment to aerospace applications. The problem is solved in a few simple steps which are described in the paper, namely: conducting an analysis of procurement legislation for current limitations and assumptions on nonfinancial requirements for suppliers, performing a parametric analysis of global supplier assessment practises, and developing an analytical method for evaluating suppliers with justification of distinguishing characteristics. In conclusion, some practical recommendations can be made.