This paper gives an insight of different theories that can be applied in order to achieve a rational supplier evaluation and selection. Such theories, in combination with an extensive analysis of the possible alternatives that a company may have, can lead to high revenues and significant advantage over competitors. In this case, the reader can acquire a basic understanding of the different criteria, methods and models, which are used by the businesses during the supplier evaluation and selection process.
Moreover, the paper identifies critical changes in the sector of e-manufacturing, regarding the decision-making of the top management while selecting the appropriate supplier. Emphasis is given to the technological changes that create new opportunities and consequently new criteria for the vendors‟ evaluation by comparing the existing criteria that have been used in traditional manufacturing and the affect of the e-manufacturing trend on the existing criteria.