Application of methods and practices of managerial decision-making process for selecting a supplier

The aim of this thesis is by using methods and practices of managerial decision-making process to choose suitable supplier and propose measures to reduce risk. The first section of the theoretical part deals with the different phases of the decision-making process. The second part is devoted to the procurement as one of the corporate functions. The practical part applies the managerial decision-making process on the current situation of a company producing fast moving consumer goods is looking for a new supplier of packaging material. Choice of supplier was performed by using a multi-criteria decision-making, first the decision criteria was defined, followed by a description of the alternatives and their consequences. Evaluation of the alternatives was based on the additive multi-criteria utility function, to determine the weights of the criteria was used method determining weights by preferential arrangements. From five potential vendors was recommended supplier A. The end of the practical part is devoted to proposals of measures to reduce the risk which company may face in the process of selection and also in the process of delivering of the material