The Study On Suppliers Selection Of W Pharmaceutical Company

Supplier evaluation and selection is the basis of supply chain operation. Supplier's performance evaluation plays increasing influence on brand support, sales, service and other aspects of business competition. Supplier evaluation is directly related to the quality of corporate procurement, related to the quality of enterprise products, thereby affecting the company's image in the minds of consumers and ultimately profits. Therefore, this paper selects the supplier evaluation and selection of W Pharmaceutical company has important theoretical and practical significance. The authors hope to improve the supplier management of W Pharmaceutical companies through the analysis of the status quo, index system and evaluation of alternatives and selection of suppliersThis paper choose supplier of W pharmaceutical company as the study focus. Firstly, the concept of supplier management, supplier evaluation methods and research have been reviewed as the basis of the whole study; Secondly, this paper analysis the supplier management of W pharmaceutical company on the aspect of supplier classification, selection, performance evaluation. And the problems includes vendor classification management in place, poor communication, one-sided evaluation. On the supplier evaluation, the problem is largely due to supplier management companies lack of the degree of attention, the evaluation process more confusing, the lack of rational evaluation system, the initial evaluation is often determined by the range of a few people, while not based on quantitative evaluation. And the evaluation is not been developed before supplier selection criteria and rules. And also the large arbitrary. Thirdly, the authors analyzes the impact of supplier evaluation factors based on existing research, and design the supplier evaluation system in five areas, including quality, technology, price, reputation, and ability to deliver. The evaluation includes the indexes of Financial condition, certification, product qualification rate, time to comply with the rate of new product development capability and also gives the meaning of each indicator. For qualitative indicators, the authors have developed the evaluation criteria. For quantitative indicators, the author gives the method of calculation. Finally, the author develops the supplier evaluation process of W pharmaceutical company. And the paper calculated the weight of each index by Analytic Hierarchy Process (AHP), and three alternative suppliers were evaluated.This study has great significance on objectively and comprehensively evaluating the supplier for W pharmaceutical company. And also it is a guide to develop supplier management strategies. And meanwhile this study also has a reference within the industry on supplier management for other companies.