This tool can be tailored to the needs of the client and used to evaluate suppliers’ suitability to support the client business in any capacity – as a full-service supplier (providing design/innovation and manufacturing service), manufacturing supplier or design/development consultancy or supplier of any other service or product to the client. The tool is a prerequisite for performing Sourcing Strategy on a new project/program (see A.1.1).
- Objectives/Key learning points
- Identify supplier types according to the business needs
- Define set of requirements for each supplier category and set measurable targets
- Model the supplier assessment/evaluation tool for each supplier category
- Perform assessments and classify suppliers as preferred, approved or sub-standard
- Teaching Methodology
- Ideally there should be a concrete real project example
- Participants will be led to develop and test the tool with real suppliers
- Implementation Methodology
- An existing project/program can implement suppliers’ rating into the Sourcing strategy
- Combine with the Sourcing Strategy w/s as an input