Supplier Performance Criteria- The case of SMEs in Former Yugoslavian Republic of Macedonia (FYROM) (original) (raw)

Abstract

The evaluation process of suppliers is a very essential process for companies, as costs are reduced and sales increase along with profit. For this reason, selecting the right supplier to collaborate with, leads to a competitive advantage. This paper deals with suppliers’ selection and evaluation process of small and medium enterprises in FYROM. The main purpose was to identify the most important criteria and construct a research based model by focusing on the most crucial indicators employed by the enterprises. Therefore, the study has clarified the most valued criteria that are considered to be important by companies in FYROM. Those that achieved higher ratings were: net price, operational control, close relationships, the desire to do business, production facilities, and vendor’s capacity.

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