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Supplier management - Coggle Diagram
Supplier management
12 vendor selection criteria
Ability to supply all the products required or the
complete solution.
Flexibility to allow changes in orders or product
lines.
Years in business
Ability to constantly supply products or services.
Flexibility to allow changes in orders or product
lines.
Appropriate supply of internal experts that can
Testimonials and references.
Sustainability and financial stability.
Prices.
Delivery times.
Terms of business.
Customer service.
Supplier Evaluation: Benefits, Barriers and Best Practices
Why measure supplier performance: The business case
Increase performance visibility
Uncover and remove hidden waste and cost drivers in the supply chain.
Leverage the supply base.
Align customer and supplier business practices.
Mitigate risk.
Improve supplier performance.
Writing Good Contracts Matters a
LOT!
Define what is to be performed
Learn from and do not repeat mistakes
Link payents to performance or progress
Develop a well-organized table of contents
Clearly specify the objectives to be achieved
Anticipate changes in needs or circumstances and decide how these will
be addressed.
Seek input from the right people at the right time
Specify the project plan, schedules and milestones
Specify where the deliverables will be performed
Avoid making any unintended (implied) warranties
Specify the standards of performance requirements
Specify the applicable testing or acceptance criteria
Avoid incorrect, inconsistent or contradictory statements
Develop an order of precedence for the contract documents
Anticipate the need for interpretation and who’s judgment will govern
Five Easy Steps To Risk
Management in Procurement
Five Easy Steps To Risk
Management in Procurement
Risk Identification
Risk Analysis
Risk Ranking
Risk Mitigation
Risk Monitoring
Price Stability: Don’t Get a Nasty
Surprise
Mitigating the Risk
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Skyrocketing demand, plummeting supply
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Enhance transparency
Increase U.S. and near-shore manufacturing
Leverage AI capability
Cost and risk: A balancing act
Supplier risk management
Possible supply chain risks
Complex arrangements realise new risks
Reputational risk.
Resilience risk.
Information security and privacy.
Regulatory risk.
Commercial risk.
The best practice response
Are you managing supplier risk effectively?
Principies and Standards of Ethical Supply Management conduct with Guidelines
Perceived impropriety
conflicts of interest
issues of influence
Responsibilities to the employer
Supplier and customer relationships
social responsibility and
sustainability
confidential and proprietary
information
Reciprocity
Applicable laws, regulations and
trade agreements
Professional competence