YT Company Supplier Selection And Procurement Process Reformation

With the development of world economic and electronic information technology permeating the companies, many foreign companies grasp the opportunity in droves and manage their company with electronic information technology. This change helps foreign companies develop new products faster and faster, delivery their products to the customers earlier, and their management cost is lower. The most important is the control to procurement cost, which helps them get more competitive advantage. However, majority domestic companies still use traditional management model.Based on the analysis and diagnosis the traditional management of YT company, I mainly studied the problems in supplier selection and evaluation system and purchasing procedure. Learning the international mainstream supplier selection and evaluation system and purchasing procedure, I redesign and reform the two main problems for YT. It will help companies like YT catch up the international mainstream trend and improve the competitiveness.The paper tried to help the domestic companies like YT to find measures to control their purchasing cost and improve purchasing efficiency.